Thursday, December 11, 2008

Republicans.

Oppose a bailout of automakers.
And McConnell says the government shouldn't intervene in some industries and not others.

Yet, they support the building of $143 million dollar jets, so as to not cost the country jobs
The chairmen and ranking Republicans on both the House and Senate defense appropriations subcommittees recently wrote to Mr. Gates to voice their support for the F-22, cautioning that “the last thing our nation needs is to terminate jobs in this time of such economic uncertainty.”


Why is it that the jobs of building planes that have never been used in combat are more important than the ones building cars that people use every day? Although the Big 3 have seemingly poor business models, these newer cars are a lot more fuel efficient than a number of 10-15 year old cars on the road right now. Additionally, they'd break down a lot less often, and would save people money in towing, repairs, and other maintenance. Why don't we direct some assets to subsidize purchase of some of the current overstock of cars, remove less efficient cars from the road, and put some money into the pockets of automakers this way? Thus, the money is given to the car companies, people have new and better cars, and the money the automakers have can still be used to improve efficiency, while removing undersold product from their balance sheets?

I don't particularly like the idea of bailing out shitty companies, but I also don't like the idea of 3 million+ jobs being lost while defense contractors continue to line their pockets.

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