Even now I’m still up in the air about our $700 Billion Dollar bailout. It seems that Financial companies are simply sitting on the money or using it to buy out their smaller in trouble competitors. The money isn’t doing what it was supposed to do. That alone pisses me off.
But no, there is talk of giving out even MORE money. Lets just go ahead and throw the good after the bad, right?
While we’re at it, we need to spend some of that money on the Auto Industry. Doing so though is such a mixed bag. The results of such a bailout are incredibly far reaching, enough that only one of the companies going out of business would severaly hurt unemployment rates. Add in the fact that if the economy wasn’t already in such trouble, talk of a bailout for the Auto Industry wouldn’t even be on the table.
Yet, is the US ready to spend yet more money for companies that have been failing for years? They concentrated on big trucks and SUVs, with little to no talk of electric vehicles or other high mileage autos. In the meantime cars are literally piling up at ports because no one is buying new vehicles.
So right now we are being strong armed one way or the other. Either we need to start buying big cars again, or pay the Big Three Automakers money… JUST to stay in business. There aren’t even talks of paying them money to help change their Core Business, or even invest in new Research and Development.
These low gas prices will go back up eventually, and I’m willing to bet sooner then we all think. The prices may stimulate the economy a bit, but I really do believe that the average Middle Class American has seen the light, and is going to start buying small, compact, efficient cars. Which the Big Three do not like making due to their lower profits.
Post a Comment