...this time it says it will be shutting down its Saturn plants because a deal to sell them fell through! I know this is a major problem in that many will lose jobs but I also know a foolproof solution. Let's get the government to print up a lot of dollar bills and have the government buy them out and take control with the newly printed cash. Yeah that will work.
JUST FOR THOSE OF YOU WHO HAVE NOT FIGURED IT OUT YET - THE SOLUTION I JUST GAVE WAS ME BEING SARCASTIC!
I sure seem to remember someone in Washington saying that we needed just such a solution not too long ago. Now was it George W. Bush and his cronies or Barack H. Obama and his cronies? May have been both of them but the important thing is that when they said they had to do it they also said it had to be done immediately to save the nation from financial ruin (remember all the urgency - it had to absolutely - positively - be done - without fail - within 24 hours). Well they did it and I guess we delayed them too long and they failed after all - I mean just look at the mess we are still in - look at this mess in particular.
So some politicians may actually use their recollections of just how long money for GM was delayed when they said they needed it by tomorrow, when they try to find blame for this latest downturn in our economy. They will not blame GM, nor Saturn nor Penske (the company that decided not to buy Saturn), what they probably will do is the totally political, unethical, reprehensible, finger wagging sort of thing they always do - they will blame their opposition and try to gain political points for themselves. The truth be told, well at least my opinion of it anyhow, GM sucks as a car maker. Their products for the most part were and remain absolute crap. Why we bailed out a junk maker like them in the first place befuddles me. It seems a crime to me that such was done with our money. It also seems a crime to me that GM is being allowed to make this current decision while still in possession of our money - they have not paid it all back yet - have they! GM, to me, appears to b nothing more than an irresponsible money grubbing concern that cannot currently and probably will not in the future hold itself together and make itself successful and profitable. Why is it that the folks in DC cannot realize this.
Of course there is hope for our economy that maybe you have not yet realized because all of this mess has obstructed your vision. There are companies like Penske that refuse to make what they believe would be bad deals that are not in their company's best interest.
"...the company has determined that the risks and uncertainties related to the availability of future products prohibit the company from moving forward with this transaction" (1)
I do not know the current financial status of Penske it could be excellent or could be very poor, but my hat goes off to them for avoiding a mistake that could have cost them dearly regardless of the current situation. They seem to be using some foresight, some planning, some figuring, some logic - as opposed to the politicians in Washington who thought it a good idea to shovel out good money after bad in trying to rescue failing U.S. automakers and financial institutions. Let them fail. Why do I say that when I know it will cause massive financial hardship for us. Well the other option of bailing them out has already created decades of debt for us, our children and possibly our grandchildren. We are making our nation one made up of all paupers instead of paupers. I say let these companies fail and do not socialize them because when they fail under a capitalist system they will either bring themselves back up or someone else will take their place and fill the niche. Having the government save them is bound to fail just like it is already doing. Who wills step in then once the government controls everything to do with them? No one - because socialized economies have been failures over and over again throughout history where truly capitalist nations have always been able to rebuild and reclaim much if not all of the wealth they may have lost through earlier failures.
All the best,
Glenn B
Footnotes:
1. http://www.foxnews.com/story/0,2933,558180,00.html?test=latestnews
No comments:
Post a Comment