Government and The Big Three

Are you amazed that our government is focusing so much time on, The Big Three. Why aren't they looking at fixing the larger issues, like credit with banks and or foreclosures with the housing market. Or even the unemployment that has hit historic highs.

Yes the auto industry has its issues just like everyone else, they have to get smaller and leaner. They need to bring more green products to market, so that consumers have a broader product offering. Does the government realize that, The Big Three and the UAW have been right sizing the ship for a couple of years now. It amazes me that the government steps into a situation they really have know clue about. I will state on this blog today, our government will do more damage than good for our industry and they will take down one of the automakers as well as some of its suppliers. This will result in the loses of jobs, plant closings and several other unrelated auto industry loses. Our government will bring Michigan even further into the economic toilet.

What should be done, well our government should turn the focus to the banks and the credit situation. With all the billions they have received they should be in a position to started extending credit to the consumer and the other industries, like the auto industry. The banks also need to be right sized and have CEO's take an exit. If our government can honor warranty coverage to the tax pay public for there vehicles, they can close down AIG and honor all there polices. Also, instead of giving the banks anymore money try putting that money on people that have kept there mortgage current. Pay off current mortgages and that would put money into our economy now! Let the banks deal with all the bad mortgages that they put out there. Once you have people spending money and feeling good about there own house they will boost the economy enough to get the manufacturing base going and that means jobs.

Do the right thing government and keep your hands in the right place. This is not a difficult situation to fix, and you didn't have to spend all the money that you have. That is another blog! Well only time will tell on the economy, I hope it gets better but I see more job loses for Michigan and our industry. I hope I am wrong, but I don't think so!