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Thursday, November 20, 2008

Michael Moore on the auto bailout


I don't always agree with him but think that he makes some valid points. The ripple effect of a collapse would just add to the current problems so Congress needs to get creative about this. Do we push Detroit to build infrastructure? Maybe not a bad idea. Do we force them to build environmentally friendly cars regardless of what their co-dependent Congressman Dingell wants? Of course. Do they need to clean house in the management ranks? Without a doubt. Management and the GOP won't be happy until the executive team is rewarded for failure and the unions are cut to the bone without benefits and with slightly above minimum wage. It's an interesting theory but then who is going to be able to buy anything when there's no more middle class? Take a trip to the Third World and see how such economic policy works in real life.

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