stop the bailouts; deals for endorsements

So Obama wants President Bush to give even more capital to bail out the auto industry; the change we need. The auto industry has laid off thousands in the past months…. Geez, if we look even further back we find that the top automakers have laid off or eliminated over 215,000 employees from 200 to 2005; that’s over 16% (not including the recent years layoffs) (Department of Commerce, 2005). In 2005 the Department of Commerce predicted the industry employment for American automakers was headed downward and not likely to recover for years, “if ever” (DOC, 2005). So why the sudden interest in bailing out these guys if we knew what was coming years ago???? Hmm is this the payback for all the union endorsements Obama received? The U.A.W., auto executives, and the people have bankrupted the American auto industry and now Obama has to lobby the government for more bailout money to payback all those glowing endorsements he received……the question is when will it stop…..every business, union, organization, and entity cannot mismanage its funds, overpay its executives, make bad investments and then ask the government to “bail them out”……

The unions rape their members of union fees and investments they are paid for endorsing, and they make it difficult for employers to productively manage their employees. The executives reward themselves for failed policies and mismanage money. Government officials make deals with industries and unions for endorsements in exchanges for taxpayer $. The American people buy cheaper import cars to save a buck or two………when will it end….no bailout will turn this industry around…its too far gone…….



Department of Commerce. (2005, March 30). U.S. Industry automotive employment trends. Retrieved November 11, 2008, from http://www.ita.doc.gov/static/auto_reports_jobloss.pdf