tag:blogger.com,1999:blog-5905181885778117365.post569672323283871934..comments2023-09-30T09:41:52.224-07:00Comments on The Well Spoken Negro's Salon: Shut Up and BailUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5905181885778117365.post-7036770222510503352008-12-23T01:25:00.000-08:002008-12-23T01:25:00.000-08:00Well, they got their money. A couple short thought...Well, they got their money. A couple short thoughts on the difference between the financial industry and the auto industry. <BR/><BR/>1) Sequencing. People are getting bailout fatigue. Not fair, but true. The further back in the line, the harder to get relief. <BR/><BR/>2) Politics. Money for the Big 3 means money for the unions. The financial industry spreads their support around, but the unions have one target—Republicans. Why should Republicans lift a finger to help a group of people that will turn around and try to defeat them? By the way, walk down 16th St past the union headquarters and notice how nice the buildings are, and how the unions have even upgraded the SIDEWALKS in front of the buildings to brick from cement. <BR/><BR/>3) Quality. Everyone thinks they understand the auto industry since they drive a car (present company excluded). I don’t think this is fair, since I’m sure there are aspects to the industry that I don’t understand. But how many people our age drive an American car? When I rent a car, the only time I drive American, It just feels badly made, compared to my Japanese car. The plastic is cheap, the door rattles, etc. Their problem isn’t financing, its quality. <BR/><BR/>Two final thoughts. <BR/><BR/>One, it is hard to tell what is American and what is not. Are cars built in America, by Americans, but for foreign car companies, less American than cars made by Detroit built in Mexico, by Mexicans? <BR/><BR/>Two, most folks agree that the financial industry is not just another industry, but the backbone of the economy. It is the necessary component that allows all the other industries to function. I don’t like the bailouts of Wall Street, its frustrating and embarrassing, but it is qualitatively different than bailing out the auto industry, or the airline industry, etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5905181885778117365.post-63947340591929583972008-12-13T09:04:00.000-08:002008-12-13T09:04:00.000-08:00Excellent. Would be perfect for vous.Excellent. Would be perfect for vous.Fionahttps://www.blogger.com/profile/13621216725935523487noreply@blogger.comtag:blogger.com,1999:blog-5905181885778117365.post-2121294833995292782008-12-12T18:26:00.000-08:002008-12-12T18:26:00.000-08:00I got it, and I am going to go for it.I got it, and I am going to go for it.hscfreehttps://www.blogger.com/profile/15248588351369527519noreply@blogger.comtag:blogger.com,1999:blog-5905181885778117365.post-33568162413119952222008-12-12T17:58:00.000-08:002008-12-12T17:58:00.000-08:00Interesting points. And on a completely un-related...Interesting points. <BR/><BR/>And on a completely un-related topic, did Miriam forward you an email from me? I sent her a link for you and forgot to ask her if she got it. Our email...doesn't always go through.Fionahttps://www.blogger.com/profile/13621216725935523487noreply@blogger.com