Sunday, June 14, 2009

GM's bailout? Who wants a new car?



GM thinks that their bankruptcy will make them more powerful and stronger, but is the Obama administration going to bail them out? GM thinks so.

House Minority leader John Boehner (R-Ohio) said ,“Every time the president makes a so-called tough decision, it’s the American middle class that gets hit the hardest.”

People have said that the Obama administration has done too much recently- from passing the stimulus plan to taking on health care, education, and the environment. Recently the administration bailed out AIG, which ultimately backfired on the tax payer. AIG’s top executives ran away with the bailout money and quit the firm. Could GM be following in AIG’s footsteps?

Unionizing America

What does it mean to be an America? Maybe money has something to do with the definition of “ American”, but I’ve always thought that America was about a meritocracy. To unionize America would contradict America’s beliefs. A meritocracy gives you the opportunity to establish yourself as a person, a group, a company. Your hard work and ethics ultimately give you your character and essentially what it means to be human.

If we all had a bail out for every obstacle that comes into our life, would we grow as people?


My friend once said that it’s not money that we are chasing after. ( Wait a minute, it’s not? I think all of my friends in their 20’s and maybe some in their 30’s have been living on clouds- we’ve all been duped.) She says that really it’s about the blue ribbon, and feeling that we’ve made it- working our way up to our own success. That’s the true feeling of self-establishment and to be an American.


All I know is that if GM gets a bailout, then I deserve a free new car.

1 comment:

Anonymous said...

so just read this... love it

and believe it or not my wonderful kaye lin... your reference to the unions is a more of a republican argument than a democratic one (just saying ;D)

also thought you'd enjoy this passage as it fits perfectly with this post...

"Did you ever see a grown man when he's trying for a secret society- or a rising family whose name is up at some club? They'll jump when they hear the sound of the word. The idea that to make a man work you've got to hold gold in front of his eyes is a growth, not an axiom. We've done that for so long that we've forgotten there's another way. We've made a world where that's necessary. "Let me tell you "-Amory became emphatic- " if there were ten men insured against either wealth or starvation, and offered a green ribbon for five hours' work a day and a blue ribbon for ten hours' work a day, nine out of ten of them would be trying for the blue ribbon. That competitive instinct only wants a badge. If the size of their house is the badge they;ll sweat their heads off for that. If it's only a blue ribbon I damn near believe they'll work just as hard. They have in other ages.

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However the brains and abilities of men differ, their stomachs are essentially the same.

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One thing I know. If living isn't a seeking for the grail it may be a damned amusing game."

- This Side of Paradise, F.S.Fitzgerald