It seems to me that there was this big fuss not so long ago that involved an estimated $700 billion dollars being used to bail out the financial sector. Perhaps some of that money has gone toward that purpose. However, it seems that every week, that money is being retasked toward some new purpose with an end result of it never actually being used for any purpose. It is a long established truth that the wheels of government turn slowly, but it seems that these days, the wheels of government are not turning at all.
The latest group to be hit in the greatest financial meltdown since the Great Depression is the automotive industry. The Big Three are asserting that they are on the brink of insolvency and have lobbied congress for 25 billion of the bailout dollars. There is a part of me that rails against allowing this act. The automotive industry has been driving the prices of cars, trucks and SUV's up well beyond the rate of inflation for years now. However, Unlike the financial sector, the majority of whom should have known better and ought to burn in the deepest pits of Hades for their crimes against retirement funds everywhere, the automotive industry employs a great many blue collar workers who are struggling to make those risky mortgage payments the financial sector handed out like candy not so long ago.
No bailout measures are perfect and it is loathesome to imagine rewarding three major corporations for shoddy and short-sighted business practices. However, it far more loathesome to help financial jockeys who gambled away the futures of millions while denying aid to a bunch of hard-working men and women across America. Uncle Same, give the Big Three the money they're asking for and cut blue-collar America a break.
