It MAY have been Lee Iococca who once opined that "As goes General Motors, so goes the nation," though I believe he was quoting someone else.  That may have once been true.  It is no longer.  The American automobile "Big Three" of Ford, GM and Chrysler have been moribund for some years now.  Slow to respond to changes in the marketplace, they've kept on making large trucks, SUV's and other gas guzzlers long after the general public has started demanding more fuel-efficient cars.  This has become especially apparent in recent months as OPEC turned the screws on us.

 

I obtained a copy of the U.S. Constitution from The Heritage Foundation's website a few years ago and I've studied it diligently over the past couple of years.  I can find no provision anywhere that permits the U.S. Government to spend taxpayers' money to "bail out" ANY privately-held company that's in financial trouble, most often because of simply bad business decisions.  A case could possibly be made that one or two companies may be in financial trouble because of all the mandates and regulatory burdens placed on them by government edict or simply bad laws.  But, it appears that this bail-out movement is designed mostly to "bail out" the union pension funds that the unions have squandered supporting the union officers and their sycophants in the U.S. Congress and various State Legislatures.  On second thought, maybe it wasn't "squandered" after all.  Particularly if their Congressional buddies bail them out....again.  They'd probably think of it as an "investment"...just as socialists think that taxes are "investments."

 

There is NO business in the United States that's so vital that taxpayers should be robbed of their hard-earned money to "rescue" it.  Not even the "Big 3".  Repeated and continual revenue losses by ANY industry ought to be a clarion call to that industry that their business model is badly flawed and needs fixing if they intend to remain in business.  Instead, we see one of two years of losses in the billion-dollar range "punished" by the CEO and his immediate underlings given tens of millions of dollars in "bonuses."  "Bonuses" for WHAT, one might ask?  Driving the company towards bankruptcy?  We've seen the same thing happen just in the past month with the bail-out money already distributed to the banking industry.  The CEO's and boards of directors who approved these bonuses should be making gravel out of big rocks in Leavenworth. 

 

Democrats have spent the last two years of the campaign talking down the economy and insisting that America has lost its greatness.  It's becoming a self-fulfilling prophesy, of course.  Speaker Pelosi and Senator Reid spoke today on the status of the auto industry bail-out.  As soon as they finished, the Dow dropped about 450 points!  We are fast approaching a point where the Dow will have lost 50% of its value just since September!  Fear-mongering on the part of Democrats has brought us to this state of affairs and still the country elected them to run the government.  Amazing!   (Not to mention scarey as the very Devil that we are infested with enough utterly stupid people who believe that socialism is the "wave of the future" in the face of ample evidence that everywhere it's been tried it's been an abject failure.

 

Stock up on ammo, folks.  You may need it to stave off the hordes of hungry, desperate people that the coming few years are bound to unleash.