I've been a consistent, albeit reluctant, supporter of the auto industry bailouts. There are a variety of reasons, some of which include being able to compete with the market for foreign vehicles, the fear of mass unemployment of auto industry workers in America, things like that. For or against the bailouts, one would have to admit that there are positive results... though that won't stop some people from continuing to deny this fact.
I've heard people screaming that this was all done for the unions, that the unions now own the companies. Well, whatever the case be now, it seems to be working... and this coming from someone who doesn't always like unions, someone who supports the Employee Rights Act, much thanks to my own negative experiences with a union.
Yes, I was pissed about the bailouts being necessary. I still remember when the execs spent several thousands to board their private jets and stay in luxury accommodations in Washington to go ask congress for a bailout. Yeah, I was pissed... and while I'm not certain it wasn't counter-productive for congress to send them back home and tell them to come back via more humble means, I'm sure it's what many were thinking. Very simply, if you are running low on money, save it where you can. It's common sense for most of us.
Myself being in the market for a new car hopefully in the near future, I was actually inclined toward a Ford Mustang. After all, who doesn't love those cars? I've often said that my dream car was a '65 Mustang. For a time, the bailouts kind of cemented that with me, as Ford was the only company who didn't take one. I also liked that they were bringing back the muscle car look. While Mustangs to my knowledge have always been a muscle car, they kind of lost the look for awhile, I think.
But, I saw that other American car manufacturers were also stepping up their game. I loved the Dodge Charger, then in researching that, I learned about my more contemporary dream car, the Dodge Challenger. Are you getting this, Dodge? BLACK. DODGE. CHALLENGER. Dammit. Ah well, to each their own. It's all good ol' American muscle.
The point is that good things have come from those auto industry bailouts. A lot of people like to pin it all on Obama, naming it an example of his socialist agenda. Let's not forget though that it was George "Dubya" Bush that got the ball rolling on these, and he said he'd do it again. Looking at the seeming success of these bailouts, it's almost like watching that once-irresponsible kid finally graduating college with a good degree. Let's hope this apparent success continues.
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