Topic: Auto Industry Bailout
What about Ford? My thoughts on the myth of the auto industry's imminent collapse.by Joe W.
(libertarian)
Wednesday, December 24, 2008
NEWS FLASH: The American Auto Industry isn't going to go out of business.
Ford is in great financial shape. They did not request a loan from the Treasury and only asked Congress for cash for modernization. The Ford Focus is the number one domestic car in America (I am a proud owner of one), and in 2010 they are bringing their European models to the states (yes, we can finally buy the Ford Fiesta). The Ford Fusion hybrid was just named the most fuel efficient mid-size car sold in America. The myth of the Auto industry's imminent collapse has been busted, but why are so many people worried.
In addition, many foreign auto companies make cars in the US. Most of Toyota's and Honda's cars that are sold in the US are also made in the country, that's a fact. Alabama, Mississippi, and other southern states have factories owned by these Japanese car makers that provide good paying jobs. Also, Volkswagen is opening a factory is Chattanooga, TN. That's right, a German company is going to create jobs in America.
So why is everyone worried?
Well, first off only liberals are worried. They are worried because Detroit, a prime example of how the Democrats liberalism has failed, will go under if GM and Chrysler go under (Ford is based in Dearborn, MI). Detroit is a wasteland created by the Democratic Party and seriously needs to abandon the 1930's mentality that big government programs, welfare dependancy, and a strong union works. It doesn't... hence why most foreign auto-makers chose to build their American plants in the south (the great bastion of religious right conservativism, ironic isn't it). I say GM should file for bankruptcy and Ford should buy Chrysler; liquidating the Chrysler brand-name and merging it into Mercury, while merging Jeep into Dodge as separate entities within the Ford Family. Let capitalism work so our economy can recover.
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The views expressed in this
article are those of Joe W. only and do not represent
the views of Nolan Chart, LLC or its affiliates. Joe W. is
solely responsible for the contents of this article and is not an
employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.
It's been argued that this is not a bailout of the auto companies, but a bailout of the unions. That fits in well with what you are saying about the Democrats failed scheme.
Since Republicans as well as Democrats have been arguing over HOW the bailout should be financed, rather than if a bailout should be done at all, your claim that "only liberals are worried" is bogus. Blaiming Liberal Democrats for the foolish decisions of the corporate executives running the auto manufacturers is nonsense. Are you saying that they are all Liberal Democrats? Unless that is so, your claims are without merit.
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