Friday, December 19, 2008

GM Gets Their Bailout


When the bailout bill failed in the Senate, the cynic in me said that it was sabotaged. That's right, deliberately killed. Why? So that the White House would be forced to use the financial bailout money, which would be given with far fewer strings attached. Well, it looks like that's what happened.

I sincerely hope that the cynic in me was wrong and this wasn't deliberately staged, but I still have to wonder. Where are the union concessions? "Laid off" union workers, as far as I know, are getting 95% of their wages for doing no work. That should be stopped immediately. What about the car czar? Will anybody hold them accountable for their actions and/or keep them on the right track. They have until March to prove that they're "viable", and if they can't - will the government let them fail then? I doubt it. From where I'm standing, this bailout has no real teeth. If I'm wrong, please let me know.

It seems to me that the Big 3 swaggered into Washington DC and demanded money. There was a lot of yelling and screaming about no free lunches, but they are going home with just about exactly what they demanded.

Is this just how things work?

2 comments:

sara said...

Sounds about right.

So let's schedule a date for everyone we know whose businesses are having trouble to march in to DC and make some demands too... like my dad who has had to lay off almost half of his 100+ employees in the past year and a half, and the several small business owners in our ward who have been out of work for months.

Better yet, let's just start a union!

Kristina said...

It makes me think of that quote - A democracy (I know we are a Republic people!) will only last until it figures out that it can vote itself money.

I got two other quotes too:
-There are two kinds of people in this world, people who spend more than they earn and people who spend less. One of those people eventually gets rich.
-Money does not solve money-problems.