Opposition to New Bailouts (An Open Letter to Congress)
November 18, 2008 by Tim Snodgrass
Dear Congressmen:
I am writing to urge you to vote no on the proposed bailout of the auto industry.
Prior to the initial bailout being past we heard the following statements:
“…There is the possibility that there will be no economy on Monday.”
-Henry Paulson
“..If we don’t get it solved next week, I may have to go back to delivering papers.”
-Warren Buffet
Despite promises of transparency, no golden parachutes for executives, infusions of money to revitalize the credit markets, we have received none of these things. In fact the bailout appears to be one of the most expensive scams ever pulled on the American people. Now we want to bailout the auto manufactures? They continued to resist new fuel standards, and safety standards. In some cases they covered known safety defects, and have used their power to destroy smaller, more advanced and efficient newcomers like the Tucker that could have revolutionized the industry.
Are these companies too big to fail? I would suggest that perhaps they are too big to succeed.
If these companies truly have something to contribute to our country, they will find the way to reinvent themselves. Or they will die and make way for smaller more nimble companies like Tesla motors.
Bailing these companies out is the multi billion dollar equivalent to repeatedly buying an expensive new cell phone for a careless child. Having learned that there are no consequences for the behavior, the will continue to repeat it, and drain the resources of this country.
I am very aware of the consequences that the death of one of these giants could have. I would suggest however that bailing them out will be like handing an alcoholic a bottle of alcohol to help them, and us, avoid the immediate pain of having them face facts. The answer to this nations problems lies not in supporting unsustainable industry, but by encouraging smaller industries that are innovative and efficient.
Please vote no on the bail out (amendment of existing bail out) of the auto manufacturers and focus on the long term good of the country.
Sincerely,
Tim Snodgrass
Any ideas or comments we should add prior to sending?
Tim,
I think your comments are right on … Maybe we should make reading The Fountainhead and Atlas Shrugged required of all citizens … They may begin to understand that the only real engine that drives our country is rational minds making rational decisions … ANY company or industry that consciously destroys itself should simply be allowed to die .. Others will rise and take its place …
I have heard so many people talking about this that I am sure it comes as no surprise to say that the best way to find jobs in a recession is to investigate jobs on employer websites:
-employers do not use recruiters in recessions because they cost money
-job boards are flooded with applicants
People just do not look for jobs on employer websites. There are thousands of employer websites in most cities and many of the job sit on there for months without applications.
This is where most of the jobs are and I found this far more effective than other means.
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Very few people realize that most employers post their job on their own sites and not on job boards like Monster, CareerBuilder, etc. because these sites charge employers up to $500 to post a single job. In my experience (I am getting more interviews that I ever have), your chances of getting interviews and hired are much better when you are applying to jobs that are not advertised that no one knows about.
I have gotten a ton of interviews through the [url=http://www.hound.com]Hound site[/url]. If you are looking for a job I would highly recommend using [url=http://www.hound.com]Hound[/url] . What most people do not realize is that most jobs are found on employer websites and not job boards. [url=http://www.hound.com]Hound[/url] puts all of the jobs it finds from employer websiste (every Fortune 500, Inc. 500 and other company it can locate) on its site.
When you start seeing sites advertise themselves a lot that should be a warning sign of sorts because that means that lots of people will start going and applying to the jobs. I really trust [url=http://www.hound.com]Hound[/url] because it does not advertise. You can find the site at http://www.hound.com
Thank you both for your comments
Gary - If we want a healthy free market system, that is exactly what we need to. I believe that the free market as a role to play, but it’s participants need to be socialy responsible, and they have to compete on a fair playing field. I think some of the larger corporate entities in our system want to have their cake and eat it to. In the long run however, that compromises the system like a cut that goes unbandaged and leaves the body open to infection.
Eratrialt - This is wonderful advice for those who find themselves suffering the brunt of this crisis. Thank you for sharing it.