Thank The Maker: $14B Auto Bail-Out Dies In Senate

And to borrow a Warner Bros. animation phrase, "And that's a GOOD thing Axel!" Whether people want to believe it or not, the Senate denying passage of the $14B auto industry bail-out, was exactly what was needed. Now the have no choice but to utilize the CORRECT course of action. That same course than any one of us would be mandated to follow if our particular businesses were going belly up. It's the course of action, that should have been taken in the first place. And that's to file for Chapter 11 Bankruptcy protection. Had they done this weeks ago, rather than hold their embarrassing "fly-in" to ask for freebies, they'd most likely have their restructuring plans done by now.

So now comes the time, for some serious house cleaning. To rid the balance sheets of all the excessive contractual burdens brought upon by the United Auto Workers Union. And just as importantly, to rid the companies of the exaggerated compensation scales being enjoyed by the upper echelons of industry management. Now they can pretty much strip away all the unnecessary costs. Would any one care to buy a corporate jet? Or four?

Sure, thee are going to be some tough times ahead. For both the auto industry and its entities, like car dealers, parts manufacturers, etc. Of course it's going to hit hard, the families of those employed by the Big-3. And surely, some significant belt-tightening will be undertaken on all fronts in this mess. But they, as well as the rest of America, will eventually get through it. Just as they ALWAYS do. And as always, it will be accomplished under a FREE MARKET system. Not the socialistic crap the Dem's continue to push on us.

No, we do NOT want big brother getting their hands on anymore of the American market system than they already have. Companies rise, companies fall. And no company is "too big" to fail.

Those that were for the bail-outs, (mostly Dem's, but some Rep's,) keep ignoring the obvious problems inherent with hand, erm, I mean bail-outs. And I don't mean the overt problem of the UAW's campaign contributions vanishing since the bail-out was rejected. I'm referring to the load placed upon average taxpaying Americans. According to the UAW, they essentially believe we all need to pay them;

"Republicans, breaking sharply with President George W. Bush as his term draws to a close, refused to back federal aid for Detroit's beleaguered Big Three without a guarantee that the United Auto Workers would agree by the end of next year to wage cuts to bring their pay into line with U.S. plants of Japanese car makers. The UAW refused to do so before its current contract with the automakers expires in 2011."

And there you have it. The UAW believes the rest of America SHOULD BE footing the bill for them for the next two plus years. That's their belief, not mine. But all is not lost in their cause it seems. For some ungodly reason, the White House is considering dipping into the remaining stash of the $700B bail-out, to make this auto-fiasco happen.

So say we do hand the auto industry a wad of cash, along with this nifty newly created position of a "CAR-CZAR." Then what? The UAW gets to keep chugging along as if nothing happened? Siphoning the very life out of yet another industry? Think about this for a moment. Seriously. Do you really want one person, or a small (elite class) of government people making all the decisions about how cars are to be made? Does the phrase, "we can make cars in any color, as long as they're all black" sound familiar? You recall all that wasted government spending? Stuff like $1,400.00 for a hammer. $26,000.00 for a toilet seat nonsense? Do you really want them to be in charge of building cars now? Large items with flammables liquids and electronics in them?

What do you expect the cost of a "government mandated and designed" car to cost, once the auto industry has been nationalized as the banks are now becoming? It might actually be cheaper to own one of those corporate jets.

Ahhh, there it is. I can see it. Your starting to get the picture....