What’s This Rescue All About? By John Parks At Isnare.com Ezine Articles

The rescue of America’s Automakers has been a controversial issue with the American public, these bailouts have really put the American publics feet to the fire. The need to save American jobs and to keep families from being thrown into financial distress has been a main concern. While at the same time public money should not be used to support bad management decisions. The American public refuses to reward poor business practices on the part of American Automakers.

Looking at the list of bailouts for the year 2008 is scary. If the leaders of the financial world do not get a handle on this runaway train of financial gluttony we are going to be in big trouble. Admittedly it is difficult to go from steak to ramen noodles but there are days when this might be necessary, and if the rest of working America can sacrifice so can our financial elite. It is so much easier to work with a man when he doesn’t mind getting in there and pushing too.

General Motors will receive $4.0 billion on December 29, 2008, and another $5.4 billion on January 16, 2009. An additional $4.0 billion is scheduled to be released on February 17, 2009 Congress will have the final say so. There are a number of terms that go along with getting this bailout money. One being the government debt takes top priority as much as the law allows, the perk of the corporate jet must go, not to mention a few other non-essentials. It was not required that management be changed, although the red light is flashing. Well, we will have to wait and see how that turns out.

The economy was obviously encouraged by the agreed bailout. The stock market took a positive Q from the Automakers Rescue at least for a moment and it is also clear that to leave the auto makers in a bad way would place more American families in jeopardy. It is certainly obvious that the economy is in tough shape and there will be some job loses and only time will tell if this bailout will work. The public must start to purchase these products; with the economy being in a down turn no one knows when this is likely to happen.

The desire for the unions to cut wages is going to be a touch and go situation. It is difficult to ask average working people to take pay cuts when the wealthier segments have made so much and government is bailing them out, and they still have their money and their jobs. Ford is the only automaker that is willing to swim for it, and will probably benefit from the bailout, but you don’t mind helping a man who is willing to help himself.

Picture your child tearing up a toy and you just go right back and buy him another, at some point you must stop buying and let him go without. The Automakers must realize although jobs and livelihoods hinge upon what they produce they must do it responsibly or pay the consequences, as the old saying goes,” the good suffer with the bad.”

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