Watching what is going on in the economy and the stock markets worldwide, I thought it would be appropriate to once again open this blog. Unemployment in the US is the highest its been in years. No one in our national leadership, or should i say management because there are no national leaders, seems to understand that if our jobs are exported the economy will fail.
We're faced with an urgent crucial decision as to whether or not to bail out the Big 3 automakers. Millions could be displaced if the right decisions are not made soon, as Ford, GM and Chrysler are running out of cash. Not only the employees of the automakers will be in the unemployment lines but the millions of people who are the suppliers will be as well. Estimates of more than 2 million people will be affected.
The question is...
Is it right to bail out the automakers and to allow the top management of these companies to benefit from a bail out when its their poor leadership that put them in this mess? Had they built cars that actually attracted customers to buy their products they wouldn't be in this mess. In the late 70s the Japanese surprised the US car makers by taking a significant share of the US market. Has Detroit actually adapted?
Where did all the middle class jobs go in the US, whose being affected and what can you do about it.
About Me
- Concerned Citizen
- Geneva, Illinois, United States
- I'm a concerned citizen about what is happening to the middle class in the United States. Jobs are being exported, retirement accounts are going by the wayside and our Congress and the President want to give citizenship to people who forged documents and/or stole identities. I think it's time we really examine the issues that face this great nation.
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