Friday, December 12, 2008

Repubs Thumb Their Nose at Auto Makers

Let them eat cake Republican Senators said last night and voted down the auto bailout. And although the little guys in Detroit and the car company suppliers don’t deserve to suffer, it’s difficult to have sympathy for an industry that has shot itself in the foot the way the three big auto companies have done. The Big Three—General Motors, Ford and Chrysler—can’t pay their suppliers happens every year. Which means the suppliers, in effect, are forced to lend the big guys money to get through the crisis. But this time the banks are not willing to lend the suppliers money; hence the day of reckoning has arrived. One sits back and looks at this dilemma and wonders why The Big Three has chosen to pay their execs billions of dollars in salary, freebies and bonuses instead of paying their suppliers. And the answer is, because they wanted the money themselves and saw no reason why they should pay their bills when they could get away with not paying their bills. And that should surprise no one. Since that’s the way people with money operate. The little guy has always had to offer discounts to the rich to get them to pay up. And even so, the little guy inevitably has to wait 90 days or more to get his money. Of course an auto industry collapse would bite everyone in the ass. But still, it’s been a long time coming and it was inevitable. But as an aside, I must say that every time Senate Majority Leader Harry Reid stands up in the Senate and says anything, it irritates me. Yesterday, he said, “This is going to be a very, very bad Christmas for a lot of people as a result of what takes place here tonight.” Sentimental nonsense! The war in Iraq has made bad Christmases for the past five years. The Bush administration policies have made bad Christmases for the past eight years. Wall Street excesses and failures have made bad Christmases as long as one can remember. All US Presidents and every leader in the world have made bad Christmases. So don’t whine with that bad Christmas crap from the floor of the United States Senate, Harry, because you know what? Christmas has been officially recognized in America only since 1836 when Alabama made it a holiday. Oklahoma was the last state to recognize Christmas in 1907. And the first people to settle in these United States didn’t like the idea of celebrating Christ’s birth at all because it was “papist”. And another thing, Harry, you know as well as I do that a bailout for the auto industry in some form or another will be figured out by the US government within the next 30 days. That's just the way of things. And another ‘nother thing, it wouldn’t hurt a single Christian to cut back on Christmas buying and just go to church. That’s all I’m saying.

1 comment:

Barry Schwartz said...

The Spanish, not the Dutch or English, were the first Europeans to settle in the US, where they founded the Miami Dolphins.