Auto Bailout V.s The Alternative
December 27th, 2009
Auto Bailout V.s The Alternative
Toronto We can all debate the merits of a government bailout for the Big Three Automakers until we are blue in the face but what we sometimes fail to see are the facts that surround that debate. Whether we like it or not our opinions are largely based on water cooler banter and conflicting news reports from multiple news agencies pushing their agendas and leading us to ignore some of the deeper true meanings behind the debate. I will ask you to push aside any bias you may have against American made new amp; used cars and take a look at those facts and try and come to a conclusion based reason and fact.
Fact: We are no longer driving our fathers used cars.
The big three have made great strides towards producing cleaner greener and more fuel efficient vehicles in the last 15 years and are continuing to invest in environmental technologies for our new and used cars.
Used cars that are made in America and Canada provide hundreds of thousands jobs in the auto trader market today.
Fact: The U.S. congress has the greatest deficit in history.
They continue to hold the auto makers feet over the fire while they bailout companies such as AIG to the tune of 150 billion.
These are the same companies that are responsible for the worldwide economic crisis and the automakers cant get 25 billion Loan.
The new and used cars from an auto trader are responsible for millions of dollars being pumped into our economy. Can AIG or any of the others say the same?
Fact: The job tree starts with manufacturing and the Auto Industry
Every 1 job in the auto industry supports 7.5 more jobs in supporting industries
Fact: The auto industry should be found guilty.
Guilty of paying decent wages and benefits to its members
Guilty of employing millions of Canadians and Americans while other companies are outsourcing all their jobs overseas
Guilty of pumping money into the economy
Guilty of being the last great patriotic companies left in North America
CNN Headline News did a short news listing regarding Ford and GM’s contributions to the relief and recovery efforts in New York and Washington during the 9/11 crisis. The findings were as follows…..
1. Ford 10 million to American Red Cross matching employee contributions of the same number plus 10 Excursions to NY Fire Dept. The company also offered ER response team services and office space to displaced government employees.
2. GM 10 million to American Red Cross matching employee contributions of the same number and a fleet of vans SUVs and trucks.
3. Daimler Chrysler 10 million to support of the children and victims of the Sept. 11 attack.
4. Harley Davidson motorcycles 1 million and 30 new motorcycles to the New York Police Dept.
5. Volkswagen Employees and management created a Sept 11 Foundation funded initial with 2 million for the assistance of the children and victims of the WTC.
6. Hyundai 300000 to the American Red Cross.
7. Audi Nothing.
8. BMW Nothing.
9. Daewoo Nothing.
10. Fiat Nothing.
11. Honda Nothing Despite boasting of second best sales month ever in August 2001.
12. Isuzu Nothing.
13. Mitsubishi Nothing.
14. Nissan Nothing.
15. Porsche Nothing Press release with condolences via the Porsche website.
16. Subaru Nothing.
17. Suzuki Nothing.
18. ToyotaNothing despite claims of high sales in July and August 2001. Condolences posted on the website
So next time youre around the water cooler debating the merits of American and Canadian new and used cars to buy or the Big Three bailout program with your colleagues please try and remember that home grown business has multiple benefits that arent always easy to see from the exterior. The Big Three auto makers are the backbone of our countries fiber and economy and assisting them during these turbulent times will have benefits that will last long after AIG has paid out all its executive bonuses.
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