Sunday, November 23, 2008

Auto Industry

The latest serious hit to the economy is the auto industry, as we've all read and seen in the news over the last week or so. It's hard to decide how to feel. On the one hand, I want to say "Screw them!" because, once again, of the greed. I mean, really! Showing up in Washington on INDIVIDUAL PRIVATE JETS?!?! How, precisely, does that convey to Congress and, even more relevantly, to the taxpayers, the urgency of their situation?! And Congress DID call the on it, though not seriously enough, in my opinion.

On the other hand, hundreds of thousands, even millions, of jobs depend on this industry, and the bankruptcy and failure of Ford, GM, and Chrysler would be a serious blow to the economy from which it would take years, even over a decade, perhaps even more, to recover. And that, I believe, was the statement the CEOs of these three big auto makers was making when they showed up in their individual private jets. They basically told Congress and the American people that THEY were in control and that unless they received the funds they were demanding, they would allow the economy to completely fail. And does anyone honestly believe these three pieces of crap would actually give a damn if the economy crashes? Of course they won't. They've got THEY'RE money, nice and safe and untouchable. THEY won't suffer. And they CERTAINLY won't care about their employees or any others who would be affected by the failure of their companies.

So, in essence, they are correct. They have the US and its economy by the "short and curlies," and they are NOT about to let go any time soon.

Here's to hoping Congress is actually smart enough to turn the tables on these assholes and tell them they'll provide funds if, and ONLY IF, the CEOs themselves invest at least 75% of their own, personal wealth, into their own industries themselves. Of course, that'll mean opening their books to VERY careful scrutiny.

Think it'll happen? I don't. I think these rich F#$KS are going to continue raping the country and the American people until there's nothing left to rape. And I think Congress, even a Democratic Congress, will be quite complicit.


Holy Hyrax said...

>I think these rich F#$KS are going to continue raping the country and the American people until there's nothing left to rape.

I am assuming you are talking about this bailout. Or are you talking about other things.

cool yiddishe mama said...

My brother in Europe told me that CEOs there have income caps and NONE of them make what American CEOs do. On top of that, there's socialized medicine and an average of six weeks vacation a year. Any wonder why America is going to Hell in a handbasket?

Am Kshe Oref - A Stiff-Necked People said...

Of COURSE I'm talking about the bailout. These assholes fuck up the country, and then we poor schmucks gotta pay for it! They screw up and then they get a reward and a bonus on top of that!