March 30, 2009 @ 7:48 pm by sean
So much for your hope and change Mr. President. This double standard for the banks and the auto industry is rather disgusting. Keep handing out our hundreds of billions unconditionally for the financial sector and their 165 million in bonuses, and let Michigan go bankrupt because you won’t help the automotive industry with a small percentage of what you’ve been giving AIG alone.
“We cannot make the survival of our auto industry dependent on an unending flow of tax dollars. These companies — and this industry — must ultimately stand on their own, not as wards of the state,” Obama said. The financial sector is getting an unending flow of tax dollars – what’s the difference? The difference, actually, is that the automotive industry is asking for significantly less and an entire city and state are depending on the survival of this industry, an industry that has already lost 400,000 jobs. The money is either going to make the companies more viable (Buick already sells the most reliable cars in the world, the NA Car of the Year was a GM, GM and Ford both compete easily in MPG which is suddenly the most important thing even though American’s still buy the F-150 pickup more than any other vehicle per year in the country, the quality of all the companies equals it’s foreign competitors – which, by the way, have their plants and the land they are built on entirely payed for by governments in the southern states, and these companies have been giving some of the best health care and retirement benifits to the American middle class than any other industry) or it’s going to support the unemployment they will inevitably collect.
Sure, the middle class is who you’re fighting for, isn’t it? So keep giving our billions to the upper class financial sector without asking questions or asking for viability plans while allowing the automotive industry and it’s middle class to flounder and take Michigan, where one in ten people are already unemployed, down with it.
Where’s hope and change I can believe in?