I write on sports, politics or whatever I'm thinking about at the time. My posts indicate what I'm thinking about, not necessarily what I actually think, but I do try to make them accurate and informative.
Friday, December 12, 2008
I can't believe I just read that!
Read this article to the end. Now, perhaps I'm wrong, but the way I read this, Mr. Zakaria is saying that the U.S. automaker isn't competitive, has no intentions to change its ways and will never be competitive. He says we should support the bailout, not because it will save the industry, but because it will save 200K jobs in the short term which will eventually be lost anyway, but hopefully at a more opportune time for the economy! Now, assuming I read that correctly, No Fracking Way (as Starbuck would say). So, while the automakers have been trying to pull the wool over our eyes, our legislators have been too? No wonder so many people are against this bailout. While I'd hate to see 200K people lose their jobs (I don't really think they will), the reasons given in this article for supporting the bailout are just wrongheaded, in my opinion. Really?! We should bail them out so that they can go bankrupt or out of business (which is supposedly inevitable) at a later, more opportune time? If you really think they are destined for this regardless of what the government does, then there is no "opportune" time to do it. I guess what this article shows me is that Mr. Zakaria (a foreign affairs analyst) knows nothing about economics.
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