$97.4 billion. That's what the Auto industry has received to date from you and I.
What next?
Why not the auto parts manufacturers?
The White House, last Thursday, announced that they were going to give auto parts makers $5 billion because they haven't been paid by the industries receiving taxpayer money. Well that's not fair. We better make the playing field even. Take from the fiscally responsible you and I, and give to the squanders.
Well what about other car manufacturers, mainly European ones where socialism is rampant? Certainly BMW, Mercedes Benz and SAAB must be feeling the crunch as well. In last year's fourth quarter, BMW's net profit fell 89%. Daimler said it's February sales were down 25% from this time last year. SAAB, who "hasn’t had a profit in almost two decades and will be unprofitable in 2009," laid off workers and even filed for bankruptcy last month.
But what are our European Socialist counterparts doing compared to President Obama and our Democrat controlled Congress? Apparently the enterprise minister, Maud Olofsson, said '"The Swedish state is not prepared to own car factories. "' Germany's Economy Minister, Karl-Theodor zu Guttenberg, said "I personally think nothing of a direct stake of the state."
Wait, I'm getting confused here. Which statements are the European leaders making? Their giving the auto industry $97 billion and the leader of the free market is letting major manufacturers fail due to market forces, right? No. European nations are letting industries fail and the U.S. is providing taxpayer money. When did Obama start subscribing to socialist ideology? Oh yeah, that's right, most of his mentors were openly or overtly engaged in communism.
Friday, March 27, 2009
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