CATAGORIES: BIG STUPID FAT IDIOTS, BONERS, CRIME, FAILURE TO USE BRAINS, GENERAL NONSENSE, I hate it when this happens, IMAGE MANIPULATION, MONEY, NEWS TO GET PISSED AT, ODD THINGS FOR SALE, REASONS TO BUY DUCT TAPE, SCARY STUFF, SPERM, WTF — Spazticus @ 11:53 am

I got into a not so heated argument over the bailout of the auto industry last night. Our lovely media has put all the blame on the automakers but that just isn’t true and they are ignoring the economic implications. Instead they focus on planes. Before we go any farther I am not saying there is no blame for the auto industry. I just want to point out it’s not just their fault and what it would do to our economy. Now there are a few key things people just don’t think about.

Fact 1: If the government had not screwed up the financial markets guess what? GM Ford and Chrysler could borrow the money from banks. Even dealerships could borrow and would be able to weather the storm but no one can get a loan. Detroit’s fault…I think not.

Fact 2: Our government mandated E-85 production with no real studies on the impact. Well we got a taste of that this summer with corn going bananas. Add to that GM put most of their research into these flex fuel engines and why…they have the most government fleet contracts. They didn’t outright tell GM to do that but they did strongly suggest it thus diverting research for hybrid cars.

Just a side note E-85 is not the way to go. Many people told the government that but what the hell do they care corn lobbyists are more important than people.

Fact 3: The cost of not bailing them out is far greater. Almost over night at least 1.5 million people would be asking for unemployment. Pension funds that hold unsecured debit would be hurt and more foreclosures. That’s just what I could think of in under 1 second. Oh and did I mention we would go into a depression. I could keep going but I think I have made my point and will stop.

Now I would prefer we did not have to bail them out but we the people hired these idiots in Washington that got us in this mess. We are the true bosses of this country so we unfortunately have to clean up our employees mess…again.

Please forgive an grammar and spelling errors as I just don’t have the time to please the grammar Nazi’s today.