RANT: We can’t afford ANY “bailouts”

http://www.kuro5hin.org/story/2008/11/18/93514/227

Why the Big 3 Bailout is Bullshit: Cadillacs Made in China
By nostalgiphile in MLP
Wed Nov 19, 2008 at 05:02:40 AM EST

Tags: bankruptcy, automobiles, Japan, made in China, Detroit, YFI (all tags)

*** begin quote ***

First, they say that between 160,000 and 3 million manufacturing jobs are on the line, but then turn around and blame the unions (the organization that represents those workers). In fact, foreign (mainly Japanese) automakers employ almost as many Americans as the “Big 3” do (113,000). Helping GM, Ford, and Chrysler could actually hurt those American auto-workers at non-Big 3 factories.

*** end quote ***

These “bailouts” are wrong on so many levels it’s hard to find a positive reason FOR them.

My pocketbook can’t afford it. So, sorry Chapter 11.

# # # # #

2 thoughts on “RANT: We can’t afford ANY “bailouts”

Please leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s