What is going to be the effect of the government (which is us) and the unions controlling the auto industry? Every American knows someone working in the auto industry. If you drive a car you know someone working in the auto industry. If you own a mutual fund or retirement fund you most likely own stock in auto. Every local community depends on the auto industry. There are dealers serving every community in America. It takes management and sales skill of the highest level to operate an auto business. It makes no difference if it is a new car dealership, a used car dealership, a repair shop or as a supplier. It takes skill and capital to operate them all. If the government (us) owns the auto industry that means we must come up with the capital to operate the businesses. How does the government raise capital? TAXES, or by printing FUNNY MONEY! We are going to have to pay more taxes to operate the auto industry. Since the US auto industry has been unprofitable for decades due to excessive government regulation, labor demands and poor management, how is more of the same going to change anything? It won't! The fact is with government and labor managing auto, there is only one way to go and that is down. And that means we will have to pay more for autos and more in taxes. Already the government has subverted the Constitution by assuming this control, minimizing the private capital positions in Chrysler and GM and arbitrarily closing thousands of private dealers and confiscating their inventories. Every American has a stake in this in some way. Your families and friends are losing jobs and businesses as a result of this idiocy. Local communities are losing tax revenues and services. There is a snowball affect to all this and we have just seen a minute beginning of what is going to happen. And, as I discussed in my book, The Stimulus Tragedy, these companies need to be broken up and liquidated through the normal channels of bankruptcy. That has not happened and now the American taxpayer is hooked into a hopeless spiral of doom in this situation. There is now no way out for the American taxpayer as long as this administration and this misguided group of career, entrenched politicians are in power. Every American is going to pay! We will pay more for autos, be forced to drive autos we don't want and pay more in taxes to support an industry the government can't manage. And this is just auto! The same thing is happening is banks, insurance, corporate pay and now health care. When will the people of America wake up and stop this insanity?
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