Thursday, September 25, 2008
Slippery Slope, Smoke-Screen, or Both?
With the recent "drama" of the mortgage industry bail-out in session, I saw some news last night that infuriated me, but it was bed time and this presidential candidate needs her rest. Especially when she's infuriated so she can form rational thoughts to share with you. This wasn't overlooked on talk radio today which we can be grateful for. But I'm convinced 90% of Americans weren't listening or paying attention. But they should be. You all should be. This affects you and the future of this country.
"A bill set to be passed by Congress and signed by President Bush as early as this weekend—separate from the controversial Wall Street bailout plan—includes $25 billion in loans for the beleaguered Detroit automakers and several of their suppliers." (Click on the quote for the full story from usnews.com.)
So not only are we bailing out the poor business and personal practices of banks and their lendees, now the auto industry has their hand out saying "what about us." The hope is that you won't notice since $25 billion is a trivial amount compared to $700 billion. I don't know where congress comes from but where I come from 50,000 smart people could probably retire on $25 billion or be dang close to it. That's a lot of money! If that $25 billion were going to the banks, it would still be unacceptable in my book.
What industry is next? You can't give government money to one and not expect the others not to come pounding at your door.
When will you people get infuriated by this trend by our senators and representatives to increase the size of government so large, that you have no choice but to depend on them? You should be fighting this to your grave if you care about your children and grandchildren. Don't give into their out of control practices. Government interference is what got us into this mess to begin with, how can government interference possibly be better than letting the free market work it out. Granted times might be tough for awhile, but the resiliency of the American people will prevail.
If American auto makers can't keep up with the quality and demand of the foreign auto makers, tough luck. The American people shouldn't be forced to keep them alive. They should figure it out on their own or go away.
If I am elected, any garbage like this making it to my desk will be vetoed. But not before publicly humiliating every single member of the house and senate who voted in favor of it. You can be sure of that. Dog's honor...