Wednesday, November 19, 2008

Stop the Bailouts

Neal Boortz is right about this: The Voting Is Far From Over

Now first, let’s get this little fact out of the way. What the political types in Washington are discussing right now is not really a bailout of the automakers. It’s a bailout of the United Auto Workers. It’s a union bailout. It’s payback for the millions of dollars and thousands of hours union volunteers have poured into (almost exclusively Democrat) political campaigns. These politicians are trying to save union jobs at the current inflated rate .. nothing less.

Just why are these U.S. auto makers in trouble? They’re on the ropes because they’ve been losing elections. Automobile buyers have been casting their ballots for the other candidates. They looked at the field, talked to their friends, watched endless campaign (car) commercials on television, and voted. They voted for Toyota and Honda. If they had a pant-full of ballots to cast the vote went to Jaguar, Mercedes and Lexus. True, some voters liked the Big-Three candidates, but not enough. The buyers cast their votes for performance, styling, warranties and value. Somehow they intuitively knew that they would get more value from a manufacturer paying $40 per hour for labor than from one spending almost twice that much.

You really should read the whole thing, he explains it well.

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