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Wednesday, November 19, 2008

The Big 3 Auto Bailout

Yahoo News During the House hearing Wednesday, Rep. Brad Sherman, D-Calif., asked the three auto chiefs seated at the witness table before him to raise their hands if they had come to Washington on commercial airliners. No hands went up. Then he asked if any planned to sell their corporate jets. Again, no hands went up. Sherman and Rep. Gary Ackerman, D-N.Y., told the auto executives they were having a hard time justifying to their constituents bailing out companies whose chiefs fly around in expensive private jets. Ackerman said there was "a delicious irony in seeing private jets flying into Washington D.C. and people coming off them with tin cups in their hands." All very funny. The Great Depression did not start overnight. There was a period of time over which the nation unwound. The Wall Street Crash of 1929 immediately rallied, then went into an up-down series we are seeing today also. The people in charge are jokers and fools, and they do not know what to tell their constituents. They cannot tell them that the USA made a decision 50 years or so ago to emphasize automobile transportation, letting railroads wither. Like it or not, the Auto Industry was, and in many respects still is, the Manufacturing paradigm of the USA. The fools that run the Industry and other Industry and the Government allowed more than 60% of manufacturing be relocated overseas. Now is the time to correct it. The White House fears it. The White House fears to do anything. They always did evil, anyway. The Nation is unwinding. Our retirements and that of our parents will be lost.

Our children will work as temps, often in deserted commercial real estate.

Our grandchildren will drive to deserted shopping malls to work in spaces rented from failed stores, empty Penney's, abandoned Sears, millions of empty square feet of space to cramp them into.

They will buy their lunches in convenience stores.

They will nap in the heat of the summer in their cars, essentially living most the day in their old cars made overseas. This nation is dying. It is an archipelago of islands of poverty and despair, the paranoid archipelago.... ...kept together with ghost ships steaming between the langolier gaps of what is left of our lives.

Tell your constituents to face the storm, or face the fire storm. Take your choice.
As time goes on, more and more the skeletal carts of our beliefs fall silent, returning to the emptiness which gave them birth......
From the Grip of Despair... O, Lord, Deliver us!

2 comments:

Reading the Signs said...

Very powerful, Montag!

Montag said...

Thanks...it is very imperfect, but I console myself by observing that the object is very imperfect also.