Moving on, the Bush administration (in all their infinite wisdom) has made a statement saying that they will not allow the big 3 to fail, and have plans on using part of the $700B from the bank bailout to keep the auto industry from imploding until Congress reconvenes next month. Sad days ahead for us all.
I've said it before, but it's the automakers' fault and it's the UAW's fault that this is happening. The automakers fought tougher fuel standards and continued to make sub-par models that drove consumers to more richly designed imports that came with the same features, better design, better fuel economy, and often a smaller price tag. The UAW strangled the auomakers, because they are bloated and overpowered and they could. Now they are both begging to a bailout, though the UAW is too dense to allow union wage cuts to be part of a bailout plan, which cost them today's bailout vote. Oops.
I'd like to say that eventually these companies will learn, but as long as we continue to throw money at them, they never will. In his mad dash to secure a legacy that he hopes will exonerate him in the eyes of historians (don't even get me started), Bush is insisting that we cannot allow the auto industry to fail. Save the American company - the sadly mismanaged company run by greedy SOBs - at the expense of the American taxpayers.
More to the point, let's call this what it is: socializing this country. Anybody who does not now see this bailout crap for what it is is either completely naive or voluntarily ignorant. Part of the definition of capitalism is that companies that suck go out of business. The simple fact of the matter is that even without the current economic crisis, domestic automakers were well on their way to bankrupting themselves, because the imports were better. By the rules of capitalism, a free market, companies who cannot adapt to keep up with the times should die so that the companies who are more successful can take their place. This is not what's happeneing here with the bailouts (I'm also talking about the bank bailouts). We are very quickly moving away from a capitalist sort of economy, and we are barreling right down the throat of socialism, which advocates the government owning industry and forced spreading of wealth (as seen with taxpayers bailing out large corporations and banks).
As our Congress sits back and indulges themselves with the feeling that they are doing the right thing, patting themselves on the back for such a hard effort, I can visualize the House floor as they received word of the bailout passing. I picture cheers and whoops, like something amazing and good was actually accomplished in that room. Yet the image sickeningly paralell to another, this out of Star Wars. The new Emperor announcing that he is taking over the government, turning it into a dictatorship, and everybody is applauding. And we see Padme Amidala, and she says, "So this is how liberty dies... with thunderous applause." It rings so true right now, as we edge closer and closer to that precipitous drop, where the government owns it all and the idea of capitalism, of a free market, of the liberties on which we have prided ourselves on as Americans, blow away, nothing more than dust in the wind.
There is one person, though, who is fighting against the socialization of America, our own Padme, if you will. Ron Paul. At the moment, he's fighting a losing battle (as evidenced by the passing of both bailout packages through the House). I'd like to take a moment here to urge you to call your representatives when Congress reconvenes after the holidays. Your Congressmen are currently throwing your country away, so now is not the time to sit idly by and watch. Contact your Congressmen, tell them in no uncertain terms that you oppose this and all future bailouts. Equally imprtant, however, is that you hold them accountable. If they end up voting for these bailout plans, do not vote them back into office when they come up for re-election. The power of your vote is what holds sway over their votes, and if they won't listen to you, put somebody in office who will
You can find contact information for all Congressmen at campaignforliberty.org (it's on the "States" page). While you're there, check out some of the literature they have posted on the site. It's remarkably educational.
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