Not Detroit

If Detroit insists on getting my money to bail it out, then my remedy is that when I search for my next car, I will not buy their more expensive vehicles. I drive a Dodge Caravan today. No, I will purposefully find its competition and buy that instead.

Entice me to buy from you with what you offer, but I don't do business with thieves who take what I have without my permission.

by Brett Rogers, 11/16/2008 10:48:26 AM
Permalink

These bailouts are rewarding people for bad management. They need to fail to learn. They need to go bankrupt, reorganize with more competent leadership, renegotiated labor contracts and continue from there. If they can make it work, great. If not, adios. Someone else will make cars.

The people who really need help probably aren't going to get it. The guy who was doing everything right, had a job, made his payments and supported his family but is now out of a job because a whole sector of fools decided to over manipulate the economy. If the government is going to insist on handing money out, hand it out to that guy, not the people who created this mess.

I guess I was never raised to think just because somebody else made more money than me that I was somehow entitled to part of it. It seems a lot of people do. I'm not rich by any stretch of the imagination. If I fail at what I'm doing, I fail. I have to learn what I did wrong and pick myself up. I'm ok with that and think I'm a better person for it. If I wasn't allowed to fail I'd never improve.

Posted by Kelly, 11/17/2008 10:26:00 AM

If I wasn't allowed to fail I'd never improve.

Posted by Brett Rogers (http://www.beatcanvas.com), 11/17/2008 11:26:58 AM

The big 3 are a good example of corporate socialism. Have any doubt where the country will soon be with The One's socialist policies look no further.

Not a penny for the big 3. Let the market work, go to bankruptcy, flush out bad mgmt/bad union leadership and re-organize if you can. If they can't, another company will rise up to fill the void. The need for vehicles won't go away. Along with that, get government under control with sensible energy policies so that the price of gasoline doesn't impact the industry so dramatically again.

So no bailout for the big 3, then stop another cent from the 700 billion crap sandwich from being paid out. The market has already lost trillions, nobody has a clue what to actually do (see Paulon's reversal on using it for TARP), so let it correct itself. Its going to be painful no matter what, its time to take our medicine. To make the pain more palatable, how about some public thrashings of those who led us here? Raines, Johnson, Gorelick, Frank, Dodd, time for accountability.

Posted by Pale Rider, 11/17/2008 1:41:50 PM