Why $25 billion won’t help carmakers
November 30, 2008
The $25 billion in taxpayer dollars granted (not a loan, but a gift) to US carmakers is not actually intended to keep these companies afloat. Rather, this is a payoff to labor unions for their unwavering support of the Democratic Party and its near-total sweep of Congress and the White House. The $25 billion, and the next $25 billion and whatever follows is largely earmarked for union workers, their health benefits and their pensions. And, it keeps union bosses flush with money from dues and ‘management fees’ derived from handling medical benefits and pensions investments. Very little of that taxpayer money will be used to develop new transportation technologies or enhance current vehicle technologies. And no, it won’t be used to develop high-mileage vehicles.
Because nearly everyone in America suffers from long-term memory loss, it’s important to understand what’s going on in Detroit and the impact this is going to have on the rest of the country. Two years ago, GM was able to shift its pension and benefits liabilities to the United Auto Workers, which gladly accepted this enormous responsibility. Ford and Chrysler will follow. Why? Because the UAW knew that if Democrats were in power, it would have no problem shifting these liabilities to the federal government and have all Americans chip in to cover their operating expenses and salaries. They’ve succeeded. Their plan has been executed to perfection. Now, it’s just a matter of cashing the checks from Washington.
In case this doesn’t make any sense to the reader, one must understand the perverted logic behind it all. It’s quite chilling. Union bosses actually don’t give a damn about the carmakers or the workers they claim to represent. They care about themselves and the union organization. They are perfectly willing to put the carmakers out of business and screw their own members out of pensions and benefits as long as the union continues to flourish. They can run the pensions into the ground, knowing that the Obama administration and a Democrat-controlled Congress will continue to bail them out until the cows come home. Sound familiar? It’s similar to what the parasites on Wall Street did — run their businesses irresponsibly, knowing that the government would be forced to make them whole at the taxpayer’s expense. It’s called moral hazard, a term everyone in America should get really familiar with. Look it up on wikipedia.org

Date: November 19, 2008 @ 3:51 pm
While I don’t think that “clean coal” is a viable long term (or even short term) solution, we do need to take advantage of every energy solution we have available, oil and nuclear included. These kinds of things shouldn’t be national issues anyways, if state X wants to drill for oil, let them do it. If state Y doesn’t, that’s their problem. The left is just looking to control people and scare the populus, open up the markets, let the states do what they want, and all will be good.