We Cannot Risk Damaging the Self-Esteem of Thousands
I am reading up on the GM/Ford mess. It seems to me that the US economy is running into landmines and booby-traps we put in our own path in years past, and now there is very little we can do to prevent them from blowing us up. And what’s going on at GM and Ford seems typical.
There are a number of economic time bombs that are now going off and blowing us in the direction of socialism. The most obvious one is the mortgage crisis, which was caused by a government policy of coercing lenders to give money to unqualified minority members and people who were just plain poor or irresponsible. The carmaker problem is another example. Social Security is still plugging along on imaginary money, but it will eventually fail unless we go completely socialist and enslave the young to pay the old.
If GM and Ford go bust, they will have a hard time paying their pensioners. They are supporting 600,000 people who no longer work. If it happens, the federal guarantee program will kick in, and that’s where the pensioners will get their checks. I have seen analysts say that we should bail out GM and Ford because if we don’t, we’ll end up paying off the pensions anyway. But is that true? I’ve been reading about the guarantee program, and apparently, it seizes the assets of failed companies to pay off pensions, and it has other funding sources, and it isn’t funded from general tax revenues. If that’s correct, then you would think letting these companies fail would be the smart move. We would lose 450,000 jobs in the short term, but that’s not catastrophic. And we would gut the parasitic UAW, which apparently drove us to this crossroads. If you include benefits, unskilled autoworkers pull down about $75 per hour, according to web sources. That’s insane. That’s as much as SEVERAL prosecutors, who go to college for seven years and then have to pay off student loans. Many doctors earn less than that.
And who is to say that if GM and Ford die, someone else won’t swoop in and buy the plants and start making cars people actually want and can afford? We don’t know that. Without the UAW, you could pay people what their skills are worth, which is what GM and Ford should have been doing all along.
My dad is a labor lawyer. When he was a student, he used to work in Detroit during the summers, to get money for school. This was in the Fifties. He was shocked by how lazy and overpaid the workers were. When a new hire worked at a normal pace, that person would be taken aside and ordered to slow it down. My aunt worked up there, too, and she said she eventually ended up taking her knitting and sewing stuff to the plant, because she finished her quota in half a day.
In those days, the Big Three had no competition, and America was prosperous, so the carmakers paid the UAW pretty much whatever they asked. Then the Japanese came along, and the UAW still had the Big Three by the throat, and you know the rest of the story. It has been about 38 years since Datsun and Toyota invaded, and we still pay unskilled workers five times what they deserve. On top of that, the management is corrupt and inept, and the people who design the cars simply can’t compete with foreign talent. Many American models are very nice, but overall, we are in fourth or fifth place.
The best thing is probably to let these companies fail. If we need cars, someone else will come along and build them correctly. Haven’t Toyota and Honda already done that in their US plants? Overpaid workers and incompetent executives will have to take one for the team, but that’s what they deserve. On the whole, they will come out way ahead, because we have been subsidizing their ineptitude and laziness for decades.
If what I say makes you angry, relax. You’re going to win. These companies will be bailed out, and others will follow. Pelosi and Reid and Obama will take care of it. And you’ll pay the bill.
I am extremely optimistic about my own life, but my gut tells me the country is going socialist, and it will happen very quickly. The landmines we buried are going off, one after the other. The stimulus didn’t work. The interest rate cuts didn’t work. The bailouts we have seen so far have not worked. We still haven’t seen the full extent of the mortgage mess. We are setting precedents by bailing out the irresponsible and the dishonest, and we will have to honor those precedents in the future, with more bailouts. It might even be possible to force the government to pay up, using an Equal Protection argument. That kind of thing flies in Florida state courts, to some extent. Economies are tanking all over the place, and that means a bad market for our goods and services. Obama is going to be a very powerful President, and he is going to do everything he can to expand entitlements. Taxes are going to go up, and if you think it’s going to stop at 39%, well, you’re probably the kind of shrewd customer who believed Obama when he said he was going to rely on public campaign funding. Obama knowingly says things that are not true. Why would that change once he’s in office?
This is how the supernatural works. You do something bad, and you think everything is fine, and then after a while, things start going wrong very quickly, and you can’t do anything about it. You do the smartest things you can, but it doesn’t help, because there is more to success than human effort and human ability. You have to be blessed, and you can’t be blessed when you do as you please.
I think America is washed up. I really do. God just looked at our report card and cut off our allowance. Tens of millions of abortions. Gay marriages, officiated by gay clergy. Arrogance and cruelty and greed celebrated as virtues. Increasing anti-Semitism, even among so-called Christian churches. A warped Republican-conceived plan to achieve Mideast peace by carving up Israel and passing it out to barbarians. With our eyes wide open, we elected a new President who sat for twenty years in an anti-Semitic church, approving of everything his pastor said. And the God-fearing among us haven’t done a very good job of winning souls; we don’t seem to work very hard at making people understand the peace and blessings of Christian life. We’re better at turning people off by telling everyone we’re more righteous than they are. I’ve certainly done my share of that, whether or not that was my intention, and whether or not I realized I was doing it. I helped bring us here.
We flunked, by any sane measure. And we flunked consistently, over a period of decades. What possible reason could God have to help us now? “Give us more money, so we can take more drugs and have more extramarital sex and flaunt our wealth and have more abortions!” Who would listen to that? “Give us more money, so we can buy tickets to Urinetown and The Vagina Monologues, while we stiff charities and the church!” Crazy.
I suppose we can make a difference if we change our ways, but I don’t see that happening. I think we’ll be lucky if we only end up as messed up as Europe. I think our enemies are going to push us around with ease, our standard of living will plummet, and when the nations of the world have a problem, they won’t come to us any more, for the same reason they don’t try to get help from India or Mexico. We’ll be just another second-rate nation, trying to be heard at the UN.
I think our only hope lies in the individual. Change your ways, let God fix your life and your family, and hope the effect will spread to your community and the rest of America. Or go rent East of Eden and have a look at our future.