Who to Blame?
Just looking at things, it seems pretty safe to say that we're f***ed.
I understand that the American way of life needs to readjust itself, and readjustment is painful. It's like a piece of chewing gum that you blow into a bubble. Quality of life, like the bubble, gets bigger, and bigger until it pops. Then what do you do?
You chew the gum to get the proper consistency to blow another bubble.
Hopefully, whoever is chewing this piece of bubble gum doesn't get tired of the taste and spits it out!
So we bail out Wall Street, but no bailout for the auto industry. Unfortunately for me, I have opinions about this, and unfortunately for my wife, she's gotta hear me spout off on them.
First of all, I am not a fan of the auto companies. I was employed by GM for nearly 4 years, and saw first-hand the elitist snob attitudes that are created and nurtured there. I felt since day one that the company needed to be brought down a peg or two, and took some perverted enjoyment out of seeing Rick Wagoner groveling at the hands of the senate.
Today we wonder where our kids got the attitude of entitlement, and looking back on my time at GM, I saw where it started. The UAW, too, needs to take responsibility, but again, somewhere, we have lost the concept of taking responsibility.
So this morning, we have a lot of self-indulging victims whining that there is no Washington bailout for some of the largest companies in America. I totally see why congress would do this, and why America is so split on this. The auto companies and the UAW made their beds, and they need to sleep in them.
Rick Wagoner spent too much time bilking Americans with his higher margin of earnings trucks and SUVs and not enough time envisioning, developing, and planning for the future.
Now, I often suck at planning for the future. Is that a fault? Yeah, sometimes, but then again, Rick Wagoner is the CEO of the formerly largest company in the world. Is it a fault for him to not plan for the future? HELL YES IT IS.
I can only talk about GM, because I have seen it in action. I have also seen the UAW in action. Everybody here in Michigan knows someone who abused their safety in the union. The union used to be a great thing, but those people - the abusers of the system - have made it a farce.
But again, the UAW found a way to work within the system. The Big 3 had systems that made it easy to abuse.
It seems that the world now needs to readjust. There is a lot of change that needs to happen, and change can be plain ugly.
I can see why congress would vote down the bailout of the auto companies. The thing is, I don't know if they properly thought out the outcome of their decision. It seems that this issue dealt more with emotions instead of cold, hard facts.
Failure of one or more auto companies will put a lot more people out of work. Our social services, such as unemployment insurance is already being pushed to its max. I think there was a middle ground that could have been met, but there were too many people with too much power flexing their muscles and butting heads.
Failure of one or more auto companies will be devastating to our country. Michigan has been in this recession longer than many of our states. In theory, then, it will help us start the move out of recession earlier.
We need to encourage people to think outside the box. Give our dreamers a chance to make it big. We are going to have to rely on visionaries and revisionaries.
It is possible that America will come out of this no longer as the number one country in the world, and we are going to have to prepare for that.
So who is to blame for this? I can't tell you how much I'd love to blame President Bush. However, I think it just might be the natural ebb and flow of economics.
I do think, however, that someone could have helped make this crash a little softer. But I can't blame anyone, unfortunately, because I hadn't given it enough future thought...
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