Wednesday, November 19, 2008

The U.S. Auto Industry and the Ripple Effect

Yesterday I posted this video on my Facebook page. As I just replied to a friend who commented on the video, I had not wanted to see another bailout for fat-cats who abuse the privilege of earning their living through our Capitalist system, by their tendency towards greed and corrupt and deceitful activities. Ideologically, they are the most likely segment of our society to condemn socialism. Yet they want us to take care of their gold-plated machine. "Let the 'little guy' compensate for our lack of management and foresight," is like saying "Let them eat cake."

But after watching this video, I think that bailiing out the U.S. auto industry may be a necessary evil. So many jobs will be lost by people who do NOT live gold-plated lives. Countless families will suffer in more ways than we can anticipate.

What do YOU think?

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