Hats off to Corker
Ya know, back during the primary, I was not a fan of Bob Corker. But, recently, he has impressed me. Lately with his big call out of the auto industry. Good for him.
Also, we bailed out the banks. Most of us did not approve. I’m convinced if McCain had come out in opposition to that, he may have squeaked out the election. Instead, he tried to play Obama-light. And, being McCain, he’s never seen anything he thought the government shouldn’t be involved in. So, of course, he supported letting someone else suck the government teat.
Now, we’re looking at bailing out the dinosaurs of industry, auto-makers that have cost structures that cannot be sustained. Most of us do not approve. Think they’ll pass it anyway? A bail out is just a delay unless it comes with some serious pre-conditions, such as not paying unskilled laborers more than three times the national average in wages and benefits.
Up next at the trough looks to be the state of California. And for the same reason, unsustainable employee benefits.
We can’t continue to print money to get us out of tough economic times. If I do that, it’s called counterfeiting.
And I love the news coverage. They say things like congress failed to pass the bill. That’s not a failure.
And I wonder how much bling bling our elected representatives stand to get in campaign contributions from said auto makers? Corker probably won’t get much.