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Posted December 12, 2008
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Grovetown, Georgia
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Crumbling infrastructure |
Senate deflates tires on Detroit's AutoBail
So it looks like Detroit is now staring down the barrel of a gun held by the Senate. GM now is down to days of budget left before folding under the weight of this Clinton/Bush economy. Chrysler it seems is the bride left at the alter, but the groom was never notified of the event.
Another question looms in the background of this deranged malfunction of mathematics - where are the lobbyists for these mammoth automakers? These companies were at one point the heavy hitters of American might in automaking. They spent billions lobbying congress over the last decade. It seems the addage 'you scratch my back, I'll scratch yours' leaves something to be wanted.
While the failure of these titans of history will leave a mark in Detroit that will not be forgotten anytime in the next 50 years we must remember the following; any loss of manufacturing will be readily replaced by the next big thing. While jobs will be lost - only for a short time - they will again be replaced by another auto manufacturer with the foresight and wisdom not to put all thier money in one pot.
The time has passed for the oil industry. It will suffer under the collapse that these forerunners of marketing, lobbying, and dependance have placed on oil and oil futures. If the next big bailout passed by our system of government, and against the taxpayers better interest, doesn't calm the colic of Detroit, the lack of support by Americans for poor, overpriced products will only make it worse. And by that time the collapse of the economy will have finally taken its due course on poor planning through R&D.
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