DrMyers’s Blog

November 16, 2008

Which Big Three Should We Save?

This week, I had the pleasure to be back in Texas, after spending the best three months of my life.  I had the pleasure to work in Fort, Myers Florida, with the Obama campaign.  It was indeed, an honor to serve them and to serve our President-Elect.  Whereas, many organizations aided and supported us in reaching our goal, no one supported us more the Ray Troy and the DEC.  Around the state we heard of stories about the DEC and how they supported the other offices (all was good), but Lee County is fortunate to have a great foundation set and to build upon.  My only advice to this organization is…don’t mess it up!

Speaking of support, this week we’ve heard quite a bit about the bail-out.  Hundreds of billions of dollars were requested by the reserve, and was granted, to save the failing banks due to unpaid mortgages (which I learned harshly effected Lee County Florida) and mismanagement of funds.  

Then on Television, we heard Secretary Paulson state that he would not apologize for changing the way he would use the funds that were grated to him straight from the pockets of the American People.  Although shocking, we were not surprised.  It appears that those people living on Main street, have not put much stock on the promises stated by the American government.  

Now, as I watch “Meet the Press”, I see that the Big Three wants to be aided and bailed out.  In case you did not know, the Big Three consists of:  GM, Ford and Chrysler (Which wants to be saved a second time).  Mind you, the Big 3 aren’t the only people seeking aid and help.  Millions of Americans are also crying out to their government for help, and to be “Bailed Out”, but for some reason their voices don’t posses the same lung power as Ford!  

The argument in Favor in helping the Auto Industry (which makes good sense, but can definitely be tested) is that the government has bailed out the Airline Industry when it was in bad shape.  I must state that comparing the Big 3 and the Airline industry is like comparing apples to grapefruit!  While other automakers were creating more economy friendly cars ( take a look at Toyota), Expeditions and Hummers still rolled off the assembly lines.  I must ask in “Main street” vernacular, what moron makes a Suburban when gas is over four dollars a gallon?  GM, and now, because of their poor management, dozens of retired workers depending on their pensions, are looking perhaps at the pension checks for the last time.

Perhaps, for this generation, we have never seen a business that seems pretty common, go out of business.  But I must ask, when was the last time you bought a Packard?  You may wonder, what the hell is a Packard?  Well, Packard was an American luxury automobile marque built by the Packard Motor Car Company of Detroit Michigan and later by the Studebaker-Packard Corporation of South-Bend, Indiana. The first Packard automobiles were produced in 1899 and the last in 1958.  Different styles were attempted to save this line of “Luxury Cars”, but eventually, it too came to an end.  Were people negatively by their downfall?  Yes!  Did people get other jobs?  Yes!  If the management teams, and the strategic think tanks had been more proactive and good at their jobs would the Packard still be on the market?  Yes!  

What am I getting at?  The Big 3 that we should focus on is Main street.  Main street is also made of three components.  Seniors, Working Class, and Students.  A majority of people who fall into these categories, do not make much, but just enough (that was up to about a month ago).  If we can get Main street bailed out, America will be just fine, and the BIg 3 in Detroit will be more than just fine…they will stay in business!

I say, if the auto-industry is saved, it would be a good thing only for the people who did their jobs well, and are now depending on a company that they retired from after 30 years of work, for food and shelter.  And, if the American Government decides to “Bail-Out” the big three, every CEO of the Big 3 Corporations, should be fired immediately!

Hey Washington, Bail out Mainstreet, and I bet America would be a lot better!

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