|God Bless You, Jon Tester. Automotive Hearings, and Further Thoughts.
||[Dec. 4th, 2008|09:30 pm]
Your point about wishing to have Wall Street in the same hearings as GM, Ford, and Chrysler is point accurate for wishes. I think you shared this sentiment with most of the American commoners. Your anger was duly noted.
Also, some of the panel agreed that there is no choice for the American automotive industry to just file for bankruptcy and eventually make it out of that reorganization, like Tennessee or Alabama's government representatives would like you, the American people, to believe. Remember, Tennessee and Alabama are representatives working for Asian and European automobile companies, not so much for the regular people in those states. Their unspoken contempt is as follows:
What's the point in playing the game if you can't win it? This is their wrath, spoken in the tongue of Silly Southern Gentlemen. Dear gentlemen, next time you compare an auto plant to a warehouse filled with relatively useless toys and electronics, let us know, and we'll compare whatever you care about to a flaming bag of shit. I'm sure you'll hoot and holler more than these Detroit executives, and it won't be in gentile terms. Douchebags.
And, I knew it. 25 billion, 34 billion, 84 billion, 7.7 jablomillion, doesn't matter. 700 billion became 750 billion and will end up in the trillions. What is going on today isn't about helping GM, Ford, and Chrysler. It is several representatives of the private sector (and sometimes the people) deliberating over whether or not to close up shop on significant percentages of future American GDP. Nevermind the fact that other countries are pledging funds to keep "Detroit 3" global manufacturing plants and jobs in their country from closing.
Some of the representatives have been increasingly concerned with taxpayers as of late. Suddenly, unlike Jon Tester's more earnest and broad scope of ire, these politicians seem to script their anger at the "Detroit 3." I practically hear them scream, "We're enraged that taxpayers money is being abused! We're angry that the taxpayers have already suffered enough! Their investments turned to dust, and now rich old American Auto wants a handout! The dollar isn't worth anything anymore! The taxpayers should not bear any more cost! This is an outrage! I AM ENRAGED!" Thank God the most enraged government representatives probably have their finances secured in Euros.
Hat tip to the Pennsylvania representative who understood how fucking awful it was going through Big Steel Failure, and how it wasn't wise to wish to want to go through that again with the hundreds of thousands of auto-related jobs their state currently holds. Pennsylvania has no luck in choosing support of industries, but at least it's not stupid enough to want to deal with mass poverty and chaos again.
Citigroup, 300 billion. GM, 18 billion, hell no? If you play favorites, unfortunately, states start competing against each other for bailout money and state livelihood, and in the end, you start into proceedings of civil war, and we already tried that once, and Atlanta doesn't need to get burned down again. America doesn't have the luxury of isolation like it did in 1861, either, so amid the chaos, there'd probably be other countries trying to divvy up our land loot. It's mind blowing enough that I listened to Congress debate as to whether or not they wanted to play board of directors in some 'oversight committee' over GM, Ford, and Chrysler's board of directors. Board of directors ... to their board of directors. Or, a single honcho to the honchos, as the gentlemen from NY stated. I can't see where the capitalism clearly is in that, not anymore, but whatever. Actually, this is very socio-capitalist, and it's starting to represent how closely other governments work with other industries within their country. And if you felt it, then here's your confirmation ... yes, they are making up the rules of capitalism as they go along.
Other random ideas without a place ... UAW lucked out with Gettelfinger as their executive. He looked like the wisest, most defense-savvy one of the bunch. Handling Big Government was no problem for him. That is because he defends himself against the "Detroit 3" constantly. What's one more entity to argue with in this bridge loan party? Gettelfinger's probably slick enough to put the four of them at a table and charge a rake per hand of negotiation. All Gettelfinger can seemingly hope to accomplish is to make sure that the regular folks in the auto industry aren't given the most blame for this mess. People on the common level have received similar scapegoating since the start of civilization, ever since the first people at the top with money and power started making incorrect choices. I may not care much for unions, but I understand their design and the reason why they manifested, and in times like these, those people are lucky to have the unions.
Also, I'm not fucking pleased at all with the scrapping of Saturn. That's another route out of this mess that GM didn't take, along with the EV-1. In the 1990s, GM's board treated both like red-headed stepchildren when they saw how much more money they could make selling big-ass SUVs to the world. Instead of diverting more money to the future, they chose divert all their funds to maximize profit. They are clearly paying for it now. There isn't anything much in the line of good news to cite from that period of time with exception to the fact that GM, Ford, and Chrysler can definitely produce quality state-of-the-art economy vehicles. If they had Saturns and EV-1s, they can do it again, and do it better. These people are not clueless on how to build an electric automobile.
Outside point to consider:
I think I've seen enough of what a mostly-financial, highly-service-based economy can do for America. I think I've seen enough of how regular people will survive if Social Security is privatized. And, I'm dead sure that if the USA fails to manufacture anything of global significance, then its people will then know what great suffering is. In wake of financial alchemy and its failure, the United States can't expect to open its doors to all world competitors without a trade balance, rely on the world making everything for it, and in exchange, offer very little service value. If the US continues down this path, it will eventually get divvied up by foreign creditors. The wealth of America as an outstanding debtor can only last so long. The country itself expanded on manufacturing, not service. There can only be one. Let that 'one' be ... us.
Who controls the past, controls the future. Who controls the present, controls the past. Who controls the past, controls the future! Who cares who's at the controls, if the worthless country is you?