How USA Works

The government signed into law (whether dems or repubs in power, it does not matter)  a deal giving car dealers more credit.  For what, who knows, because it will not increase the sales of cars.  It just means that the big auto makers, now owned by the government, will make cars on credit to dealers, who eventually will go bankrupt, the cars sold at auction, and your auto will have a lower resale value.

If the government had let Chrysler fail in 1979, those 100,000 or so employees would have been out of work for a while... and GM and Ford. trembling in their boots, would have begun designing competitive cars.  Of the 100,000 unemployed, 100 would have started auto companies, or which maybe 5 would still be in business today, but one of them would be the best in the world.  Instead, all three USA auto makers are bankrupt, and on life support at taxpayers expense.

The auto industry is too big to fail because it is so tied up with special deals.  Think of the patents on auto parts awned in consortium by the big three.  Government safety regs require that these parts be in cars sold in USA...  so foreign companies must pay huge percentage of the price of a car to USA automakers to sell here.  And USA still cannot compete.

The proper thing to do is to let Ford, GM, Chryslers and everyone else go bankrupt.  Burn all stockholders and bondholders, and open source all of the patents. It would be only 3 to 4 years before USA was number one again.  But a prerequisite would be businessmen and politicians who love freedom, and we have too little of either in USA today.  We are dominated by big business, with Microsoft, Boeing, Archer Daniel Midlands, Buffett and Munger no more than welfare queens.

And because of this our education, ou medicine, our housing, our entertainment it is all going third world.  The Ford Transit is a huge success (made in Turkey with your bailout dollars); banking service is horrible since "we don't care, we don't have to...", ice cream is whipped to be lighter and put in smaller containers to give you less for same price... the degradation is endless.  But it is what you voted for, when you voted for McCain or OBama, both supporting war, bailouts, constraining freedom.  We'll continue to shrink.

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