United Liberty
Automakers Bailout
Wed, 11/19/2008 - 6:59am | posted by United Liberty Staff
Campaign for Liberty and Freedom Works are both calling for help in stopping the bailout of U S automakers using funds from TARP.
From John Tate, Executive Director of Campaign for Liberty- After the Paulson $700 billion bailout package passed in early October, we knew it was only a matter of time before Congress moved to use your money yet again to bail out a struggling industry. Now, a vote to give funds to the “Big 3” auto manufactures, GM, Ford, and Chrysler, is likely to come up in the Senate tomorrow. Call your Senators today and ask them to oppose bailing out the auto industry, whether with funds from TARP, revisions of previous loans, or any new grants. To find the information for your Senators, click on our “States” page and look for your state. Phone numbers and links to contact forms can be found near the bottom of each state’s page. We have included recommended letters at the end of this email to send your Senator. The ultimate fate of the auto industry bailout remains uncertain, and it is crucial that we contact our Senators today and urge them to stick to the Constitution and free market principles.
Chairman of Freedom Works, Dick Armey, adds-
Since the 1970s, Detroit’s Big Three auto makers have failed to keep
up in the competitive auto industry. High labor costs and inflexible
work rules, as well as a failure to overcome negative consumer sentiments have combined to bring the Detroit-based auto manufacturers to their knees. Now they are begging the federal government for a bailout to the tune of $75 billion!Take Action Now and send a message to Congress and the president that taxpayers should not have to pay for decades of bad business decisions by the Big Three auto makers.
Ten years ago the Big Three posted a combined profit of over $16 billion dollars. But management failed to wisely invest these profits.
The Big Three are heavily weighed down by irresponsible labor costs.
The problem in the auto industry is caused by unrealistic union
contracts written decades ago. These contracts did not give the industry the flexibility it needed to respond to market changes and burdened the industry with legacy costs. But if Speaker Pelosi and Senator Reid have their way, the taxpayers are going to get stuck with the costs of Big Labor’s demands!General Motors is leading the call for the $75 billion taxpayer bailout, speeding up the $25 billion loan program to develop fuel-efficient vehicles, $25 billion in general support to keep the companies operating, and $25 billion to bailout promises to union benefits.
A GM-funded grassroots campaign is even threatening us with blackmail. They are saying, “We can loose $25 billion now, or lose $156 billion later.” They want to make their problems our problems. They claim “domestic auto production would fall to zero” — as if suppliers and other profitable manufacturers would not adjust.
It is time to draw the line in the sand when it comes to federal bailouts. So far, the forgotten man, the middle class U.S. taxpayer, has had to bail out Wall Street, AIG, Fannie Mae and Freddie Mac. We are sick and tired of having to pay for the recklessness of others, and we are not going to take it any more.
Take Action Now and let the politicians know how you feel about this latest government bailout. The Senate vote is likely this week and if we speak loudly with one voice on this issue, perhaps we can put an end to the madness.
this is not a normal circumstance, I am a finance manager at a chevrolet dealership and Ii believe in free market just like most of you who view this page do. When I started as a sales rep, I always tried to be number one and those around me that didn’t make it well that was there fault they didn’t work hard enough. but when you talk about letting a company like general motors go under you are not looking at the whole picture maybe none of your families are in the automotive industry but in some way or another you would be effected by this, why would you want the last legacy we have in this country to go under, who was it that helped us durring war (gm). I think we should look at the big picture the automakers are looking for a loan not a hand out they will pay it back unlike the seven hundred billion you and I will pay back.
Mr. Tate,
I would rather receive spam that loads flesh eating viruses on my computer instead of reading this garbage. I’m going to step out on a limb here and predict you don’t live in the Midwest….or the northeast…maybe the southeast….heck probably not the northwest either. I’ll guess you either live in Hawaii or in the tip of Antarctica…..under a rock. How dare you for trying to sway vulnerable citizens opinion with this amateur propaganda. So who is your letter actually against? If it’s intended to oppose only the government you should still be ashamed. Mr.Tate, there are two kinds of people in this world. Those who think before they speak and those who speak before they think. You sir, unfortunately, fall into the latter.
What really gets me though is that I was a Ron Paul supporter. His views were refreshing and he had a unique platform with clever ideas. Damn, was I wrong! Maybe it’s the conspiracy theorist in me that pulled me towards Mr. Paul’s beliefs and campaign. Ron Paul has built a swarm of support with his, “Hey just say the opposite of my opponents and I will appeal to half of the population”. Basically, you were trying to win support from a vulnerable mass of our country. Yes, our government has made questionable and idiotic decisions in the past. Thanks for stating the obvious. Naturally, half of the U.S population will be in the mood to hear something that’s a complete 180 from what the mainstream Republicans and Democrats say.
Mr. Tate, could you please ask Ron Paul for the $10 I spent many months ago for a Ron Paul for president yard sign? Where does a gynecologist from Texas get the gall to even speak about, let alone against, something he knows little about that could have cataclysmic circumstances for this country? Do us all a favor and think before you speak.
Regards,
Joe Brown
Whatever automaker wants to be on top and remains for the 21st century, they hath to create energy efficient cars that are so attractive. For exaple, looking at the new mustang shape nowadays, just imagine if they were energy efficient and they look so attractive on the outside; so many people will demand that car. So I guess, it’s a war between car manufacturer’s to see who’s going to make this car in the first place?
Who’s going to remain in the future?
Sincerely,
Michael
there will always be a reason for any financial assistance given to these companies… well, the fact that some automakers are dealing with such alternatives to fuel-dependent cars, then there’s nothing wrong on expecting that they can make it. Ford, Benz (mercedes benz parts) and the other promises to make it.
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