The President Invests in Detroit

Although I was not happy with the treatment the Big Three received from Congress, after the bankers were given billions of taxpayer dollars to retire and party on, I do think Detroit is about to become a ghost town. I don't agree with President Bush's auto bail for several reasons, but the top two are simple. First, this is only a band-aid until the next administration is holding the bag. The second reason is simply sad. A band-aid is useless when life support is what's required. The Big Three are already nearly buried in their own product. People have not been buying vehicles because unemployment is up, loan opportunities are down, and gasoline has been outrageous. We can't afford the vehicles that are already assembled, so the American auto industry, for all practical purposes has already died. This loan is to keep the Big Three on life support for the retirees and the other businesses that are dependent upon the auto industry. If there are no workers, then there is no withholding to fund the medical expenses of those already on pensions. Building automobiles is really not the issue on this BailOut, well actually, for the automakers, it's only a loan, and it comes due quickly. By March, the Big Three have to prove themselves viable, or the loan is due in 30 days. We already know there are more 2009 models already made than we need, and we already know, with all the assistance the banks have been given, they aren't interested in making loans. So, when the new models hit the showrooms and nothing moved, then the recession was officially announced and spending got even tighter, now it's the holiday season and people are truly frightened. There are no automobile sales happening. And in case everyone forgot, January and February have always been slow months in the auto sales business. There's no opportunity for viability of the Big Three between now and March. We the people know that, the Big Three know that, and the President should know that!
I have seen servants upon horses, and princes walking as servants upon the earth. Holy Scripture