We’re Taking on Water, and The Big Three are Bailing INTO the Lifeboat
Thursday, November 20th, 2008Time to Put Salt on the Leeches
What a weird time we live in. I went back to college as an adult; it wasn’t all that long ago. Nonetheless, at that time, you had to be a pretty weird character to own a laser, other than the tiny ones found in CD and laserdisc players. Now you can buy a wide variety of the crazy things, for cheap. And you’re not limited to red ruby lasers, either.
I just picked up a laser for the M1 carbine I am determined to buy. It’s green, and it’s powerful. I paid about $30. I could have gone with a fancy-shmancy $300 job from a big-name company, but I wanted to see what a $30 laser was like. It has windage and elevation adjustments, and the battery is rechargeable. It might be okay. If not, it’s a fun toy to have.
Naturally, it’s Chinese. It’s sort of odd; the Chinese are our enemies, yet they supply us with a lot of great gun-related hardware, which we will use to slaughter them if we are ever invaded. And of course, they send us all those tasty melamine snacks with lead icing.
Although I am not naive enough to think the Chinese are not dangerous, it’s wonderful to see them learning about capitalism. They have lived in squalor ever since China has existed; I am told that this is the reason they like communism. It stinks, but it’s better than anything they had under their emperors. They’re getting a taste of prosperity now, and where capitalism goes, freedom follows. You can’t have a free market in a stable totalitarian state. At least I don’t think you can. If the government runs everything, they stick their noses into every trade, and business goes to hell.
Maybe increased freedom will lead to a more powerful church. On the other hand, many people react to prosperity by saying, “Never mind, ‘God.’ I can handle my own problems just fine.”
Speaking of heavy-handed government, Kim du Toit and I are on the same page RE the Big Three bailout. Like he says, the dire forecasts are wrong. Probably. Spoiled execs and hack union bosses with no marketable skills tell us millions of jobs will be lost. No, they won’t. They’ll just be moved to companies that aren’t run by incompetents or bled dry by socialist unions. We will still need cars. Auto workers will still need jobs. Other people in the industry will still need jobs. They’ll get them. Those jobs will be provided by a big Three deloused and purged by bankruptcy proceedings, or they’ll be provided by whoever buys their assets.
Do we really think American car production will cease instantly? Do we seriously believe foreign companies will immediately take up the slack, in plants on their own soil? I find those notions hard to swallow. I find it hard to believe that foreign companies could ramp up production that quickly. I’m sure their factories already work 24-hour schedules. Isn’t it more likely that they (or American investors) will look to the idle workers, factories, and suppliers that are already here? If we’re going to shovel out $25 billion, or whatever the figure is, why not shovel it out to new companies that will do things right? Let’s give them loans and tax credits and give the UAW the big kiss-off. Unions were never supposed to guarantee professional wages for laborers. They were supposed to prevent true oppression. The UAW is like a tick swollen up to the size of your fist, and it needs to go. If the Big Three go bankrupt, the idiotic contracts they negotiated with the UAW will vanish instantly. Even Benny Hinn can’t manage a healing that dramatic.
It’s not just okay for the Big Three to be abandoned. It’s something we need to do for America. You can’t pay relatively unskilled laborers $140,000 a year to do their simple jobs badly. Not in a capitalist system. I can’t believe we’re even considering perpetuating it. A bailout will teach bad management and incredibly spoiled workers that their abominable practices are just fine, and that there is no need to change. We bailed out Chrysler, and look at the good it did. There was no reform. Here they are with their hands out again. Oh yeah, that worked.
You don’t give a dog biscuits for crapping in the house.
I thought the bailout was guaranteed, but apparently, Bush will be in office long enough to force these people into bankruptcy. Obama and his band of Bolsheviks won’t be running the country soon enough to force this garbage down our throats. That’s what I hear. I hope it’s true. It would be fantastic to see these companies dewormed, at last. Think how great it would be to see America make good cars again, profitably, using workers who actually have a future. As for union bosses and superfluous management people who will be trimmed out of the system, they can always get student loans and learn how to do something useful. You, too, can learn to drive the big rigs.
Either we’re capitalists, or we’re not. If we’re capitalists, then we do not use tax money to prop up utterly corrupt businesses. And the bigger a business is, the more harmful a bailout is.
People in the industry will suffer during the restructuring. That’s bad. But it’s exactly what is supposed to happen when people in a capitalist system insist on being irresponsible. If you’re getting $72 per hour, based on eight hours when you actually work four, doing minimally skilled labor, how can you expect it to last forever? How can you fail to set money aside for your future? You have only yourself to blame. You have to learn from this. You have to change.
The answer is to grit your teeth, tighten your belt, endure the lean times, and be part of the reform process. In the end, car people will have secure jobs with realistic wages and safe pensions.
Many law school graduates earn $20 per hour, even when times are good. These are generally people with big loans to pay, and they’ve spent seven years in college. How can anyone have the sand to claim a guy who turns the same bolt three hundred times a day is worth seven times as much?
I hate to see anyone lose a job, but you reap what you sow, and the unions and for decades, the union and the car execs have sown and fertilized the seeds of their own destruction. It’s wrong to help them, when we allow responsible, hard-working individuals to go bankrupt every day. It’s wrong, and it will only bring more misery the next time they want a bailout. The Chrysler mess led to this. What kind of financial holocaust will this much-bigger bailout lead to?
These loafers and parasites tell us the Big Three are too big to fail. They’re wrong. It’s America that’s too big to fail. And a Big Three bailout will help destroy her.



