How to completely (mess) up an industry

-
For all of us conservatives complaining about the country going to hell (socialism) in a handbasket with Obama coming into office, I've got news for you...

George W. Bush is doing a pretty good job at getting us there on his own. Next up: the U.S. Big Three car manufacturers.

Dick Morris was on H&C last night talking about this, especially with the revelation that the proposed auto bailout package... and that it is estimated with the bank bailouts and the car bailouts (resulting in the US government taking ownership stakes in these companies) that the government may represent over 50% of the US economy by the end of the BUSH administration. Yes, that's right... Bush... the "conservative" President Bush.

So, the latest proposal on the domestic auto bailout is for a $15 billion bailout, with lots of strings attached (including the resignation of the CEO of GM, not sure who else was on the chopping block), a 20% ownership stake in the auto companies, and the appointment of a "Car Czar" by President Bush.

Here is the article: WSJ Online Article on the proposed government takeover

Seriously, do we WANT the US Government running the auto industry? Let's put it another way, do you want an organization that is losing $455 billion this year and projecting to lose $1 TRILLION next year under the new CEO (President Obama) to come up with a plan to make the auto companies profitable?

RIIIIGGHHHTT....


I don't know, but I think I'd trust the current management (the Big 3 CEOs) more than the proposed incoming management (and that's saying a lot).

I mean, that kind of plan is equivalent to a guy that's 80 pounds overweight and at risk of diabetes seeking advice from Ralphie May on diet & nutrition. It just seems (at least to logical people like me) a little counter intuitive.

Nancy Pelosi, the Chairwoman of the House, equated this plan to "giving the auto companies a haircut" with the CEOs getting "the biggest haircut of them all" (or something like that). I don't know, but with the above facts, I'm not sure if I trust this congressional barbershop to give these companies a decent haircut... I'm thinking of the Barber Episode of Seinfeld in which Jerry got this haircut at the hands of his less than adequate barber...

Hmmmm... that may be a GOOD haircut compared to the one that Pelosi is going to give our cars...

Perhaps I can provide a better analogy...

Please feel free to contribute to a "recipe for (mess)ing up an industry" with your comments... I'd love to hear from you.

Comments

Unknown said…
The Bush administration has expanded the federal debt from 5 trillion to 10 trillion in 8 years. Additionally, this administration has expanded the government through overpaid contractors. The ironic thing is that many Republicans who voted in the 2008 election believed that the Republican party was about less government and more fiscal responsibility.
7:51 PM
Chris said…
If the Republican party does not START being about less government, then it is going go out of existence real quick... What we have had for 8 years under Bush was:

Low Taxes + Bigger Government = Bigger Deficits

With Democrats, the only difference is:
High Taxes + MUCH bigger government = Deficits dependent on how much they can get away with taxing us.

The NEW Republicans better start talking and acting on smaller government... because no one else (including the old Repubs in the White House) is doing that at all.
1:53 PM
Post a Comment

Popular posts from this blog

Is it time to drop the "Jesus" of the Chosen?

-
  Back in 2020 (Yes, THAT 2020), with all of the negative that came out of that year (and we lived in Colorado and experienced much of it), one seemingly bright light that came into our lives was this crowdsource-funded streaming digital series about the life of Jesus that was starting to gain attention on social media.  It was (and still is) called "The Chosen."   I'm not sure if it was out of curiosity, boredom, or out of the hope that something good would come out of the year we were living in, but we started to watch the first season that streamed on YouTube.  This program, which is the brainchild of Dallas Jenkins (whose dad Jerry Jenkins was the author of the Left Behind series books), was a creative project aimed at expressing the stories of Jesus in the Bible (and we find that much was made up... more on that later) in a modern format mimicking a "bingeable" Netflix series.  The production value was excellent.  The Chosen, especially given the limited bu
Read more

After the Red Sea: A redeemed people that didn't trust (or love) their God (Exodus 16-17)

-
The newly freed Israelites, after having seen God's mighty works in Egypt in rescuing them from slavery and delivering them through the Red Sea... You would have thought that they would be full of worship, praise, and love for God who did this deliverance on their behalf. Well, they did, for a hot second (Exodus 15). Immediately after being delivered, they break out in song on the other side of the Red Sea and sing praises to God. But it's not soon after, that they start complaining. I mean, they complain (or "grumble") a lot. "And the whole congregation of the people of Israel grumbled against Moses and Aaron in the wilderness, and the people of Israel said to them, “Would that we had died by the hand of the Lord in the land of Egypt, when we sat by the meat pots and ate bread to the full, for you have brought us out into this wilderness to kill this whole assembly with hunger.” - Exodus 16:2-3 "Therefore the people quarreled with Moses and said, “Give us
Read more

Issac, the Patriarch of Peace

-
  Devotional thoughts for today. "If possible, so far as it depends on you, live peaceably with all." - Romans 12:18 A little about my morning methodology. I typically choose a section of the Bible to meditate on during each year, and this year I'm reading through the "Torah" (or the first five books of the Bible, which are foundational not only to Jews but also to our Christian faith). Today, I was reading in Genesis 26. Genesis 26 mostly covers the life details of the life of Isaac. Isaac doesn't get much press, being sandwiched in between Abraham and Jacob in the Patriarch line, but he is significant nonetheless. More is written about what is done TO Isaac vs. what Isaac himself has done. However, Genesis 26 gives a glimpse into it. Perhaps the reason for the lack of press (if I can speculate) is that Isaac's life was pretty non-dramatic. Other than the circumstances of his birth, the fateful trip to Mount Moriah, and Jacob's act of deceptio
Read more