"'My fear is that you're going to take this money and continue the same stupid decisions you've made for 25 years," said Rep. Michael Capuano, D-Mass."
Well said, Rep. Capuano. You can check out the rest of the story courtesy of the AP via Yahoo. The $700B bailout is unprecendented, don't get me wrong. Am I saying our economy should spiral into massive unemployment and the collapse of an "iconic American industry" as it's labeled in the above article? Well, I'm not thrilled about millions losing their jobs but I am also not confident that the American auto industry has any clue about how to move forward, and the fact of the matter is I can't support any argument that implies an inkling of sustainability as it applies to US automobile culture.
What did the chief execs of the Big 3 have to say to Congress? "In testimony, they said their problem was that credit was unavailable, and not that they were manufacturing products that consumers had turned their backs on." In testimony, eh? That means under oath, doesn't it? Because that statement sounds like an outright lie to me. How do you think SUV sales have trended in 2008?
Seriously, you high-paid yokels, had you not flown a middle finger in everyone's faces by hopping your private jets to D.C. there might be some sympathy afloat. But now all the American people have to chew on is the dismal potential of millions of lost jobs. Your case is built on an economic threat. But you know what -- those jobs aren't sustainable or secure anyway because they're part of an industry that once forged its own path with no regard for the environment, alternative transportation, renewable energy, workers' rights, etc. Your industry is now lost in the woods it sought so zealously to raze and pave into freeways and drive-thrus.
What's next? Bailouts for pharmaceutical companies who can no longer push their exorbitantly priced placebos due to tightening insurance policies?
I like to think of this as a "come to jesus" time, folks. A reality check, if you will. A lot of fat cats who've been siphoning off mind-raped consumers are feeling the pain of poor planning and no consideration for sustainability. We all have a stake in this because we all support this consumer machine masquerading as a free and independent nation. It's time for all of us to share in the collective formation of a truer, more humble vision of reality.