More Bailout – Why them? Who’s Next?
Round two…
Still not sure why we should even be considering an auto bailout. Everyone seems to think that if we don’t bail them out that the country is asking for trouble. I would contend that if they fell into bankruptcy and had an opportunity to reorganize like any other industry that they would either figure it out or die. In a freemarket we would adjust, find different sources and suppliers… heck we might even create a new industry to deal with the fallout.
As a consumer it is absolutely a true statement that I would hesitate to buy a car from a company that was in bankruptcy. But the fact still remains that I am going to need to buy a car. So maybe I buy one that was built in the Toyota factory down in the south. Why does their have to be a Ford, Chrysler or GM that I buy from? If it is just because they are an American Icon then forget it… times are a changing.
I’ve also heard the argument that parts would be a problem. Come on people you don’t think there would be another company that would step up and provide parts for your Ford or GM car? The parts aftermarket would adjust and who knows it might end up being better in the long run anyway. Maybe they could get some parts that are better engineered so you don’t have to replace them every 50,000 miles.
I still contend that this bailout is a bad idea. If we do it for one, the next thing you know everyone is going to be wanting a handout. Hmm… who can we think of next… Maybe Home Depot and Lowes should get in line or Dupont or Dow lets just see how much money we can give away all in the name of stabilizing an economy. Oh, here’s a good one - eBay. They are an American icon… granted a young one but an icon none the less… Maybe they could go to Congress and ask for a billion or so to figure out how they can get buyers and sellers to come back to their site.
Again I say STOP THE INSANITY!
