How The Auto Bailout Is Being Driven By An Environmentalist Agenda
I have made my position clear on the auto bailout. It is something that should not happen at all. These companies should fail and go under so that new, healthy and competitive companies can replace them. We need auto manufacturing but we don’t need GM, Chrysler or Ford. By bailing them out, we continue the slow decline of these companies.
What is interesting is how tied together the environmentalist agenda is with the auto bailout. There was an amazingly revealing segment on CNBC last night where Gwen Moore, a Democrat Representative from Minnesota was being quizzed on her position on the bailout. Charlie Gasparino of CNBC kept asking her whether the government will be mandating the Big Three to build cars that will sell so that they can become healthy companies or whether they will be mandating the companies to build “greener” cars to protect the environment.
Moore kept trying to say both, but when it came down to it, she got frustrated and said, “Our planet IS in peril.” This completely revealed her priority in this matter, that by bailing out these companies, the government will not be able to control them, and thus mandate more environmentally friendly cars, no matter what the cost or the desire of the consumer to buy them.
This is what you get when you have politically motivated individuals making business decisions. Basically, the Big Three will be going in a direction determined by political interests not based on what consumers want to buy. What does this mean? These companies will lose more and more money and the government will continue to spend tax dollars keeping them afloat.
You can watch the segment here. Pay attention to the individuals in the debate. Who would you say knows the least about economics and business? Then, who in the panel actually has the power to vote on this legislation? Yikes.
I leave you with an interesting quote from Neal Boortz: Make no mistake, folks. The environmental movement is not about trees, birds and Polar Bears. It is about destroying capitalism. Pay attention.