Can Big Automobile's Nationalization Be Stopped?

Another public service announcement from the Hard Starboard Radio Network....

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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.

Thanks for your continued support for lower taxes, less government and more freedom.