Imagine a United States where we stop making things? And why is it less valuable to make money by making things than to make money by moving money around on paper?
Taylor Marsh asks the same question in her post ECONOMY: Blue Collar v. White Collar Bailouts. In one section she asks: "... if you shower before work you got your bailout money easily. If you shower after work you had to beg for it."
I think that CEO's of both the banking and automotive industry must be held accountable for their actions. And none of the CEO's or senior management should personally profit from taxpayer bailouts.
And finally, I do think it could be the straw that breaks the camel's back of our economy if the automotive industry fails. Congress has a lot of work to do over the holidays.
2 comments:
It sure feels like a class issue.
I say save the car industry. There are so few manufacturing jobs in this country. We no longer make anything, even 49% of our own weapons are from overseas.
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