Auto bailout? Hell no! Here’s why.
First, it was 16 degrees in Ft. Wayne this morning a good 10-15 degrees below normal. Dec is already well on the way to breaking record lows – as did Sep – Oct – Nov – for the last 10-12 years.
So what does that have to do with bailouts for the big three? Gee, I’m glad you asked. With temperatures plunging ever lower, we’re going to need all of the CO2 we can get to warm things up. That means all the large gas guzzling CO2 belching SUVs Detroit can pump out in the near term – until we shift into another warming pattern in the next 15-20 years. If Detroit takes the money, Washington, already a thorn in the automakers side, will be the nanny to the industry. Like everything Washington touches, the American automobile industry will be much worse off in very short order.
If you doubt this consider these two humorous asides,
Quote of the day from a fund manager: "This is worse than a divorce... I've lost half of my net worth and I still have my wife.."
The bailout, a different perspective:
Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a whore house and selling booze?
The next point is that gas is falling through the floor. An American commitment to develop its own resources will hasten and deepen the fall. This is perfect storm to warm things back up here on the mothership – Earth. Detroit needs to produce the kind of cars it excelled at and we need the CO2 to warm things back up. Now we get the good news that gas prices are going to cooperate as well.
A bailout will ruin everything the auto industry, the economy but most of all the bailout will cause a worldwide cooling trend certain to destroy the planet.
Save the world! No bailout!
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