automotive bailout i say nay

As stated in my classmate's blog about the bailouts we have a problem. Everyone is looking to Obama to solve their problems. Why do these car companies and money investors get special treatment, and when does the throwing money around to fix a problem stop. Every time I turn on the news I hear about Obama's new proposal that will cost us even more money yet he is planning on cutting taxes. Has he forgotten about the deficit? And to answer your question the reason that the car companies are in trouble is because unlike foreign companies we have to worry about unions. In the American car companies you can come right out of high school and make more than $100,000 a year with outstanding benefits. Now I went hunting with some high up business men this weekend, most of whom own their own businesses, and they explained how this could be fixed. First the automotive companies must file for bankruptcy. Then when the bankruptcy judge is determining which contracts the company can retain, he voids the contract with the unions. This then makes the cost of cars go down which makes the price go down, which in turn more people buy the cars, and poof no more problem. We are so caught up in the little guy we have given him too much power. So you can complain about high price of cars and what the government is doing but it is you, the people who want the government to do everything for them, that are creating this problem.