I keep hearing that Chrysler and GM are going to survive albeit as much smaller entities. I keep hearing that America’s big three will survive this economic “downturn”. I keep hearing that Mr. Obama will make sure it’s so. Nonsense. America is down to ONE car manufacturer and that is Ford. If you’re going to buy American, you need to set aside GM and Chrysler as wholly UNAMERICAN. GM and Chrysler are now government entities within the market. They are not American corporations, they are not capitalist endeavors engaged in the risk and reward of business. Until the Obama government is out of GM and Chrysler, these two companies are the antithesis of capitalistic enterprises.
If you want to buy “American” support companies still doing business within the capitalist model. At this point buying Toyota, Honda or Nissan is in essence more in line with “Buying American” than if you bought from either GM or Chrysler. Government is NOT supposed to take over corporations. We have courts and a process called BANKRUPTCY which companies in the straits faced by Chrysler and GM are supposed to utilize to weather such storms, or to fold up and die. We have thrown tens of billions of dollars at both of these auto companies in an attempt to keep them viable. In the end, both Chrysler and GM ended up in bankruptcy anyway. So I ask? What was the POINT?
Congratulations tax payers, we own two worthless companies. Congratulations bond holders, you got robbed. Congratulations union employees, a bunch of you are going to be let go, but hey, your dues have managed to allow your “representatives” to own a stake in these worthless companies as well. I don’t know, is this supposed to be the “feel good” moment?
Forget about helping your fellow American or the economy by buying a Chrysler or a GM car. The temptation will be great when all of the dust settles. It will seem like business as usual, but it won’t be. Business won’t be “as usual” until the US Government is out of the industry. You have to look beyond the little guys where it concerns your next auto purchase. If you believe in capitalism, and further that it has served this country well, then you have to reject GM and Chrysler products. Neither of these companies represents American capitalism. They are now monuments to the Obama dream of a socialist economy in which government is expanded and expanded and expanded. Obama has brought 70,000 people into the government at a median income of $75,000 per year. Was this the hope and change that we were supposed to embrace? Now we can add tens of thousands more to the government payroll under the subheadings of “Chrysler” and “General Motors”. Yeah, a real feel good moment for America and American industry. Give yourselves a pat on the back. Shake your own hand. Job well done.
