Wednesday, November 19, 2008

Auto Industry Ignorance or Arrogance?

If you haven't heard the news by now, the big wigs all rode private jets to ask congress for bailout money. Because first class is beyond them? I realize their time is valuable, but airports provide sufficient resources for them to work while waiting for their flights.

It seems to be in poor taste to fly in private planes to ask for the money of people who very rarely if ever fly private. Click here to see the report by ABC News.

If these CEOs are running the companies into the ground, we can see why, with refusal to change their executive travel policies. If they can't make cuts to their own perks before asking for tax payer dollars then they shouldn't be running the companies. If they are unwilling to change their policies dealing with unions, then they shouldn't be running the companies.

Government needs to stay out of the auto industry. I've said it before and I'll say it again.
Shut your mouth Michael Moore, you sound ignorant. Sorry he's on Larry king talking as if he knows something about the auto industry and the economy. But of course he didn't mention anything about the unions making concessions or the companies refusing to deal with unions any longer.

Back to I've said it before and I'll say it again. Let poorly operating companies fail. They will either figure out what to do to survive or fail. You can't throw good money after bad and expect to see good results. Sure times will be tough for some people for awhile, but they'll find new jobs either in their industry or somewhere else. Some of them will acquire new skills to get new jobs. When left to their own devices, people usually figure things out for themselves. Even if that means getting temporary help from their families, friends, church, and even government assistance available to them.

If you weren't furious before, you should be furious now. Write and call your Senators and Representatives. They may not listen, but you should always tell them you're view, take note of their vote and hold them accountable when they are up for reelection. Don't let them get away with this. It's our fault if we don't hold them accountable.


jan said...

This is sort of like the people ramming global warming down our throats taking private jets and living in homes that take more energy than small cities.

Len said...

Can't the same be said about the banks and Wall Street companies that the government is bailing out? Aren't they in the condition they are in because of poor management and poor operating procedures? Why should we bail them out and not the auto manufacturers? Why should the auto workers have to look for new jobs and not the investment bankers who are raking in millions of dollars per year?

As for the executives arriving in D.C. on their private jets, I'm not condoning that but it's kind of hard to condemn. These people are so accustomed to living in the lap of luxury that the irony of their mode of transportation most likely did not even occur to them.

Anyway, as far I'm concerned the overpaid CEOs and investment bankers can go to heck. It's the blue collar workers who are only trying to support their families by putting in an honest day's work for an honest day's wage that are ultimately going to pay the price. Those are the people I'm more concerned about. The CEOs and the bankers will come out of this just fine.

Lola said...

Absolutely...I'm furious about the banks being bailed out too...I agree with the 75% or so in my poll on the left. Poorly managed companies should be allowed to fail. Otherwise we pay a higher price if the government interferes in our day to day business..

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