Diego Rivera, 1927, Detroit Institute of Arts.
You probably have heard, as we did this morning via the Post, that the U.S. auto industry is proposing that the Federal government (that would be us, fellow taxpayers) bail them out to the tune of $50 billion. They would use the money to retool and become more competitive by building energy efficient cars. As we have been known to utter: What planet are these people on?
I think we must take what will prove to be a very unpoplar position. Don’t. Just say no. No bail out.
Of course Congress is already saying that they will fund $25 billion, (Nancy Pelosi, (D) California), of the industry’s request. I guess it’s all over but the shouting. So I am shouting: Just Say No!
In an adjacent article this morning, we noted that automobile sales are down in China this month for the first time in years, and down as well all over Europe and in the U.S. High gas prices, perhaps?
If we don’t bail out the U.S. industry, and spend the $50 billion to build green technologies for energy, or transit in our cities and towns, we can replace some of the lost jobs.
Enough with cars, already. Let the U.S. auto industry figure out how to compete on its own nickel. How many trillions of dollars have we wasted building and constantly repairing highways and parking lots, ripping out streetcars, destroying our passenger rail system, ruining our cities and countrysides? The car is over. Enough.