While the three major auto companies look to the government for help, Congress continues to debate if they should authorize a bailout plan to assist them. This is very important to the auto industry, because with out the help from Congress many people will be out of jobs. The economy is already at a all time low and Congress is weighing their decision carefully before they approve anymore funds to anyone.
Many feel that Congress should not bail them out of this situation. On November 17, "columnist" Andrew Ross Sorkin argued against the bailout, stating that taxpayers should not be responsible for paying "salary and health insurance"or for it's downfall. Should Congress step in and help or should it let the United States big three auto industry's go under? Whether Congress decides to help the auto industry or not this is very serious and needs to be dealt with carefully and immediately.
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i belive the dicesion for congress is very itchy one, in a unorthodox word. becuase they can choose to help the people in the jobs, and keep thier jobs, or they can side with the media, and the protestors, and get them off thier back but not having any input at all. i think its a very tricky choice they need to make, but in my opinion the people in tharea of expertise deserve this and the peopel in the media arent the one's losing the one thing thier good at.
ReplyDeleteI always find it interesting when a reporter will leap on the most inflammatory statistic or statement to make a story more dramatic, in this case, the $70 an hour wage figure quoted from the article. Bailing out the auto industry is already a sensitive subject, so misleading statements are unhelpful to readers who are trying to grasp difficult concepts. Trust is an issue as well--write enough sensational articles about a topic, and readers begin to tune out. This particular issue is complex, and the outcome is sure to affect many lives. Media coverage that accurately portrayed the different options open to Congress would be most welcome.
ReplyDeleteThis article intrigues me. Felix Salmon states that the outragous hourly wage of $70 an hour is absolutely false even adding every aspect of benefits including health, labor, pension, and other retiree benefits. "It's closer to $28 an hour", said Felix. I would never challange the matter of them not deserving the money, they work hard for america and the american people and the risk of them getting hurt on the job is higher than the average office job. What i will argue is that our government has spent billions of dollars bailing out other large american companies and it has only shown that it is a waste of time and money. Take AIG bailout scam for example. They begged President Bush to pass a bailout bill to keep one of the largest Insurance corporations in America above water and look what they did with it. Expensive trips, cars, extravagent shopping sprees. The list goes on. My point is yes our economy and the businesses and people in it are struggling but which company do we help that will help our economy as a whole? I don't believe we should bail out another massive industry, let it fix itself. In the mean time our government should try and focus on what can fix this, not who. There's an old saying that comes to mind with this subject, The boy who cried wolf.
ReplyDeleteOur country is slowly being taken over by foreign people because they are willing to work for cheaper than we pay our people to work at these plants. Nothing is American anymore, really. Everything, that we talk about has some foreign interest in it. An example of what I mean is the Japanese putting plants such as a Honda plant here in the US. It takes away from things that are being American made. I agree that we shouldn't have bailed out AIG, but it was necessary to do so that people who work for companies such as American General can keep their jobs. I predict in the next one hundred years, we will once again be run under foreign powers.
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