sunil94062

Reasons to Bail Out GM

A bail-out using public money is probably only justified for unexpected calamities - Katrina, California Fires or earthquakes and the like;

Planting money into failed private enterprise on the premise that they are too big to fail or define our country is the same as saying that we must preserve our 1800's characteristis just because they are 'nice' to have, or are presumed 'better' as are "wise old men"- nice to have.

It is, and shoulod be, foreign to most inquiring minds, to presume that house cleaning is bad. As an analog - is it "good" to keep a gangerene infected arm, because we must have two arms? How silly is that? It is not nice to get gangarene in the first place, but if one is sadly afflicted with that wound, then one does what is medically expedient - let go of the arm to save the body.

The making of a car is not that novel anymore. Many folks know how to make a car. And many do. Right here in the US. Cars that people want and do buy.

I ask: should we be really Democartic, fair and perhaps "nice" and also send bail out money to those others that make cars here in the US and are not asking for a bail-out - pari-pasu? after all they make cars too, but woe, just don't happen to be in Detroit. How rational would that be most would ask? One reason we won't be doing that is because it is morally hazardous.

I therefore ask - If we must NOT reward merit (by sending them a prorata share of this $50B) then pray why do we reward mediocrity? Seems absurd to me, any other way. I would always endorse the meritorious - the winner.


My heart goes for Detroit and its citizens. But in this economy or society, only merit shoud be rewarded. A somewhat leaderless people of Detroit gave their work lives to their respective automotive companies but just for that election, they are NOT now the wards of society at large.

Bummer, is all that comes to mind. Andy Rooney style.

These Detriot auto workers, truly should have left the employ of GM, Ford or Chrsyler, years ago, seeing the picture on the wall.

America has to be about fairness, reasonableness and equity for all. Even rules for all. Opportunity for all. And, Yes by golly, Homes for all Health care for all, Pensions for all and why not, some Vacations for all. But these are all NOT entitlements. We all have to strive, struggle, risk, engineer, innovate, win, and then and only then deserve the joys of these services and products. That is the American 'character' worth saving and always emulating.

The brass at GM, Ford and Chrysler have amply shown that they are poor stewards of their shareholders monies. They, by their own doing have come to to the logical but unfortunate end of their good fortune.

To my mind we the "Tax Payer" should not now take them as "prisioners" and support, or worse encourage their bad stewardship. I truly am sorry for Detroit but applauding of Tenessee and of even here in Califonia where they design and make many fine cars, like the Prius as an example. Our roads show many of them!

Bye Bye GM, Ford and Chrysler.