Thursday, September 11, 2008

My two cents - should the auto companies be bailed out?

We should not bail them out. Not because the economy depends on consumer spending (which means, bailing out hard the working, decent Americans* who in turn pay for the goods to keep companies in business) but because the people these CEOs lobby always tell us to pull ourselves up by our own shoelaces, "survival of the fittest", and so on.

Also, this MSN article, not written by me, makes a point why a 65MPH Ford won't be sold in the US: The pound/dollar ratio is 1.95/1. It's made in the UK, why can it not be made here in the US? It's also said the cost of labor is too high. At least UK citizens can afford it, or can afford other means of transportation as needed.

* Not the drug users, rapists, other felons, but the good ones trying to do their part.

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