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Eliminate the negative
Latch on to the affirmative
Don’t mess with Mister In-between.”
— Johnny Mercer, Harold Arlen
Lending America’s main manufacturing sector taxpayer money seems to have divided America; it should not.
The old GM practiced “preparation is promise; prevention is profit.” Stockholders came second. The later GM reversed that and seems lost.
When GM’s Rick Wagoner came begging to Washington, he failed to offer promise. If these guys were the managers they are paid to be, the “business plans” Congress had to request would have been on the table.
The American auto sector produces billions of tax dollars from thousands of interdependent jobs. Add Jim R. Miller’s astute observation — America needs major manufacturing for defense.
Failure of these firms will deepen unemployment, null warranties and deprive government of billions in tax revenue. Auto assist-loans are plainly self-serving. But the real question is, “Will consumers change?”
Would we have embraced small, fuel-efficient cars three years ago? And now?
“Eliminate the negative,” means changing our tastes, otherwise bailout fails.
“Latching on to the affirmative” also means embracing an oil-less transportation infrastructure, not carsnat any cost! No messing with “Mister In-between!”
Finally, non-union Toyota workers higher wages notwithstanding, the United Auto Workers refusal to accept wage concessions is and was criminal.
And Congressman Tim Walz, Sen. Norm Coleman and others will regret allowing automakers to twist in the wind, while bailed-out bankers party and spend bonuses on foreign vehicles and overseas vacations.
Commit economic suicide for political reasons? How stupid can we be?
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