The U.S. government bailing out GM, Ford, and Chrysler would be exactly like them bailing out the tobacco and cigarette manufacturers. For years these companies have been manufacturing products which caused great damage to society and the environment. The only reason that GM is not making a 50 mile per gallon car like the
Toyota Prius is greed.America has rapidly moved away from market driven capitalism to socialism. But it is a socialism for the rich and powerful. Not a socialism for the poor or middle-class.
I absolutely do feel bad for the guy who worked for GM for 25 years and now is going to lose his job and his cushy benefit package.
I feel equally sorry for the other people who have lost their jobs, houses, and marriages because greedy companies have moved their manufacturing operations overseas. Just so that profits will increase slightly this quarter. And the multi-millionaire CEO will get a bigger bonus.
I feel sorry for people (like me) who loyally worked hard for 25 years, only to lose their jobs and their health insurance after the greedy owners of the small privately held company they worked for bail out and sell the company to other greedy bastards.
Losing one’s health insurance is especially a bitch when one has malignant cancer. This is not the American Dream.
Before the government bails out GM and Ford they need to come through and deliver on universal health care.
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