| QUOTE |
WASHINGTON – Weary Democratic congressional leaders and White House officials agreed in principle Tuesday on a $15 billion bailout of U.S. automakers that would give the government extraordinary power to restructure the failing industry. But the rescue faced snags as Republicans raised deep concerns.
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We knew this was probably coming.
When it comes to airlines, banking and large-scale manufacturing... it's all about saving the infrastructure. There certainly are many justifiable reasons to retain these. But what is it costing us?
My difficulty with it is in where they post whatever profits for the short-term when everything is hunky-dory. Yet how much foresight is put into strategic long range planning and environmental concerns... not to mention the ability to maintain their own operations? Someone said the purpose of a business is to make money. I think one of the core principles should be staying in business to continue making money. You shouldn't want to build up a business just to sell it off or profit from it for a couple of years... not matter how great the return.
While there isn't a T. Boone Pickens (sp?) involved in buying up everything for pennies on the dollar and making a killing selling of the assets... you might have to wonder if that wouldn't be better for everyone involved? Every one thought it was okay while it occurred. Now that all the little companies were gobbled up by the larger ones... there is no one to sell those assets to today. Why?? Probably start up costs? You can not start building 747's or quality automotive vehicles.
Part of me wants to tell automakers to go screw themselves again and forget about everything involved beyond the bottom line. Because it won't surprise me to see this occur again.
