Monday, December 8, 2008

Congress: Stop acting like Scrooge!!!



Does it seem like the government is being extra hard on the auto industry? Sure they deserve to be scrutinized, their poor planning, not just the poor economy got them in the predicament they're in, but the same could've been said for the banking industry. It seems that our government wrote a $700 billion dollar check with minimal fuss for the banking industry while picking apart every facet of the auto industry bailout. Is it a case of the importance or higher value placed on "white collar" workers versus "blue collar" workers? Is our government placing greater value on a banking community who preyed on the dreams of the ignorant by providing loans that they couldn't afford, essentially raping and pillaging millions, all for the benefit of their stockholders and corporate heads versus the car industry who were warned back in 1973, (after the oil embargo), that they should start investing in the research and production of more fuel efficient cars, but instead focused on building prettier more luxurious gas guzzlers? Maybe the governments’ hesitation is truly a case of learning from the banking bailout and wanting to ensure that the auto industry's CEO's don't walk away with $250 million dollars like Mr. Fuld of Lehman Brothers. I can't help but ask myself how many weeks will our government allow the families of auto workers to languish not knowing if their jobs will exist? How many Auto industry families have not bought holiday gifts because they are afraid to use money that they may need for necessities should the bailout not be approved, while our Congress and Senate members shop freely knowing that their jobs are secure? I agree that strict guidelines should be in place to ensure that the government is paid back and that no handful of people benefit royally from the bailout but I also agree that it's time for Congress to put aside the finger pointing and browbeating and roll up their sleeves to create a deal that both the government and the Auto Industry can live with! At least the government can be compassionate enough to come to an agreement by the end of this week so that families, holding their collective breath's until this deal goes through, can breathe a sigh of relief, knowing that their job's are a little more secure. It will give them just enough time to finally get into the spirit of the Holidays!

~d-the-VIP

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