Nov 26 2008
Mr. Bailout…oops sorry meant Mr. Obama
So the bailout of the insurance and banking industry doesn’t seem to be enough for our president-elect. I would have thought that he would have been happy running/owning two of the largest industries in our country…I guess I was wrong.
Now he wants to bail out the U.S. Automobile manufacturers too! Why? What good will come of it? These companies have not turned a profit in how many decades? They are old and out of touch with reality. Their competition does more with less and charges significantly less than they do. Let them fail or figure it out on their own! Markets be damned!
One of the biggest arguments for this bailout is “the little guy”…who the heck is the little guy? I’m guessing they mean the blue collar workers who will lose their jobs….screw ‘em! It’s their own fault that this is happening. What is the number 1 largest expense at any of the US care manufacturers? You guessed it: labor. Why is that? Because the stinking unions got some power and have squeezed the companies until there is nothing left for them to bleed!
I say: screw the bailout, get rid of the damn unions and let those employees actually earn their jobs!
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