12 December 2008

U.S. Auto Bailout

So, the Bill that was in the U.S. Senate that was proposing the Big-3 auto maker bailout has bombed. Why? Partly because the automakers refused to slash their costs: namely, the ridiculously high wages paid to employees.



They deserve to go bankrupt. Call me short-sighted. Tell me that the collapse of the auto industry will mean the collapse of the economy.

Oh well. We'll get through it. Why support an unsustainable society? Because we're AFRAID of what will happen when we stop feeding the gluttonous beast that is an over-paid bunch of consumers who discard things when they aren't broken? Because they can afford it?

Maybe we need to re-think our values.

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