Bailouts: GOP Needs to Turn Off the Spigot

Do you want to puke your guts out as you watch the political class standing around at their press conferences playing God and Kingmaker and Business Boy with the money YOU worked hard for and YOU earned and YOU were told to send to Washington?!

Our grand experiment called America began with the very core and noble idea of equal opportunity.  Life, liberty, the PURSUIT of happiness—not a guarantee of success or a job for life or temporary unemployment.

The national bird has been our American eagle—a rugged bird soaring to new heights.  Sadly we’ve kicked her to the curb, or perhaps locked her in a Dollywood preserve, and have tried to gloss up your average roadside turkey vulture.  At first glance she may look regal–almost like an eagle, but closer inspection reveals she’s a scavenger picking at the bones of the taxpayer.  (But it’s all in order to save the taxpayer, right?)

Pandora’s Box has nothing on the bailout.  The line at the buffet is getting long.  And today Senator Bob Corker will be hearing testimony from the Big Three Automakers.  While not stating his position definitively, he’s indicated he’s not too hip on the idea. 

“I can’t see how injecting capital with all the legacy issues that each of these companies has is better than reorganization,” said Sen. Bob Corker, R-Tenn. 

(Terry’s editorial note: Speak english, man.  No wonder the average guy can’t relate to Republicans.  ”Injecting capital” into “legacy issues”…oh, and bring the cahr around, jeeves…)

The $25 billion for the UAW–er, the Automakers–has grown to talk of $50 billion and then who knows…

Corker is pretty darn proud of his role in bringing VW to the state of Tennessee.  Would he be so sad if the Big Three had to file Chapter 11 and restructure with a little pressure relieved from union bosses?  I doubt it.  VW can pick up the slack.  But will he speak up about it? 

You can bet that Senator Shelby will.  

You know companies like Ford have been playing the game of good corporate liberal for quite some time. They could have stayed NEUTRAL on issues like various marriage battles taking place, but they had to stick their noses in it.  Groups like American Family Association has not even asked Ford to pick A SIDE on some of these issues, just to stay OUT and remain NEUTRAL.  But they couldn’t do that.  Nope.

Ford for instance, has given corporate and CEO dollars to liberal causes, such as:

  • Ford Fund pledges $250,000 to the construction of a new Affirmations Lesbian and Gay Community Center in Ferndale, Mich.
  • The organization plans to break ground on the estimated $5.3 million facility in the spring of this year. Spokespeople for Affirmations organization say the new center will be open to the public in early 2006.
  • “Ford is proud to support Affirmations and its partners,” said Ford Motor Company Fund President Sandra Ulsh. “The new center will serve as a cornerstone for the gay, lesbian, bisexual and transgender community in the state of Michigan. It will be a place to build and nurture a more inclusive and respectful society.” The campaign’s top gift of $500,000 came from Allan Gilmour, former vice chairman of Ford Motor Company, and Eric Jirgens head of Eric Charles Designs, of Birmingham, Michigan. As top donors they will also serve as co-chairs for the campaign.

FERNDALE, Mich., Feb. 1 – Ford Motor Company Fund today pledged $250,000 to the Affirmations Lesbian and Gay Community Center. The campaign will finance a new community center in downtown Ferndale, Mich.

Ford’s grant is among the largest donations ever made from a Fortune 500 company to a gay, lesbian, bisexual and transgender (GLBT) organization. This donation represents another part of Ford Fund’s tireless commitment to support organizations that improve opportunities for those who live in the communities where Ford Motor Company does business. The gift, along with similar contributions from other automotive manufacturers, will bolster Affirmations‘ efforts to raise $5.3 million to complete the facility.

Why should I as a taxpayer finance the bailout of their politics and advertising practices?  I’m sorry, I’m just not for it.

For years I’ve heard from Democrats on the TV or radio program their concerns about deficit spending and national debt.  Tax cuts?  How are we going to “pay for them” they constantly asked. Where are they now? Busy in the handout line?

No, IBD has the answer to the auto industry, and it’s worked before and it’s the right thing to do.  From their pages yesterday:

Filing for Chapter 11 protection under bankruptcy law is the normal way a company stays in business when facing an unmanageable financial situation. It keeps creditors at bay while the company reorganizes under court supervision and settles its debts. In recent years it has served as a refuge for major airlines (Delta and United) which, you may notice, continued to fly while in Chapter 11 and, post-bankruptcy, fly today.

Bankruptcy protection also frees companies from union contracts. Could this be why it seems to have been taken off the table as an option, at least among Democrats? We can only surmise, but it’s clear that a bankruptcy process would be rough going for the United Auto Workers.

The Big Three’s high labor expenses would no doubt need a trim. During the last round of contract talks in 2007, the average hourly costs were over $70 at all three of the domestic automakers, compared to about $48 for Toyota.

Big Three CEO’s: Will build green cars to keep unions afloat.

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If small business is the cornerstone of the economy, why does the gov only bail out big corporations? Businesses fail everyday. Doors close with the sale of fixtures and merchandise to pay off debt. Why should owners be the only ones at risk? Employees must take responsibility for the success of the company as well if they want to be assured of a job. Consumers make decisions based on many things and perhaps there are still enough of us out there with a moral compass that make our choices based on something other than the glitz and glamour.

Good point. I was thinking the same thing on my way home from union propaganda, er… history class.

My grandfather was a union boss in the 60’s. He did some good. Unfortunately, that good has been replaced by an unworkable, modern-day union scam machine. There’s a reason why unemployment is higher in the Midwest than in the South. It’s called, artificially inflated wages and benefits. This is not a real-world solution to the economy.

If this bailout passes, who’s with me in the first taxpayer revolt in modern history? I guess we can’t complain about tea; how ’bout throwing some cars in a harbour?

In all serioussness, something has got to be done. We cannot all the unholy alliance between the government, unions and marxists to go unchecked.

Ty–

You’re right on. If you go below and read the article from 2004 on Reagan, you’ll see the big difference cited by the authors re: Reagan’s view of government. He didn’t trust it.

He viewed it as a necessary evil, so to speak.

Too many of our GOP have agreed with the Dem premise that government is good and view power shifts merely as taking turns giving out the goodies and playing God with our life, liberty, and property.

Bailouts for the big dogs occur because of one reason, political cash.

Politicians give Detroit billions which buys votes of the unions. The Big 3 get their bonuses and options. The union president and his court keep siphoning off their winnings from the treasury lottery. In turn the Big 3 and unions contribute millions to political war chests to keep the cycle running. Politicians get the most bang for redistributing our bucks with the big dogs.

That’s not to say they won’t try to buy our votes with a “stimulus package” but they know very little cash will come back to them so our bribe is viewed as an expense.

This is why the founders deemed this form of corruption unconstitutional. Every new session of Congress begins with a lie as soon as the politicians raise their right hands and swear under oath to protect and defend the Constitution. They have learned over the years that individual voters are stupid and will keep voting for incumbents like Pavlov’s dogs because those who control the treasury control the elections.

Here’s another problem I see…

Traditionally, the Conservative/Republican party has been the party of the church-going and business (not necessarily big-business). Thanks to McCain/Feingold, I’m under the impression that there is a cap as to how much a business can give. (Correct me if I’m wrong). Also, church’s are not allowed to campaign lest they lose their tax-exempt status.

Unions, on the other hand, can pretty much do anything they want in support of a candidate. They can campaign, send out letters, etc… Additionally, entities like ACORN – which are partially taxpayer-funded are obviously dirty and in the pocket of the libs.

So, the two entities from which we, as Conservatives, draw our strength are hamstrung whereas the leftist entities are allowed to continue to grow more powerful. Add to that the new union tactic of how they’ll soon be allowed to vote (can’t remember the term but I’m speaking of the public vote which is open to intimidation) and there’s really nothing stopping a socialist/marxist takeover of our govt.

I think that we’re done as a nation of free people that hold hope that anyone can attain their goal.

The poor will be getting raises for doing nothing more than breeding, no matter what kind of bad decisions they make. The rich will continue to get rich no matter what kind of bad decisions they make.

See any patterns yet? I see exploitation of the poor coming and it’s coming from the libs. I then see the “haves” exploiting everyone with the govt helping by pointing the gun at us to take “THEIR” money from us in the form of taxes. Hope and Change. Hope and Change.

Seems to fit:

“Suppose you were an idiot. And suppose you were a member of Congress, but then I repeat myself.” – Mark Twain



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