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Wanna’ “Buy” an American Car…Company?

The United Auto Workers union is voicing their support (no surprise) for Barack Obama, while foaming at the mouth with anger at John McCain. It seems that the pro-union Obama is more than happy to take your tax dollars and subsidize the auto industry. Obama hopes to send $25 billion of our tax dollars to Detroit to help struggling domestic auto makers.

This situation begs the question: Why support a failing venture? While it is nice to say that America has some manufacturing jobs, the simple fact is that American car companies are behind the times. The Detroit manufacturers are simply feeling the squeeze of a free market. They are learning that if they continue producing lackluster vehicles, no one will buy them.

It strikes me as strange that while China grows increasingly Capitalistic, and in turn is bringing massive profit into its economy, Washington seems to be heading where China came from. If Obama has his way we will be turning the Detroit automakers into what amounts to a government run company, an undeniably socialist move. Is it not government money that will be keeping them afloat? That said, why pay money to support an industry that will produce cars no one wants to buy? Wouldn’t it be smarter to look to invest in new ideas and look to the future rather than attempting to remain current in a field we were on top of around a century ago? The converse side of all this is McCain, who has embraced rewards for battery development, and a tax credit for consumers who purchase fuel efficient cars. Maybe McCain’s way isn’t perfect, but it’s ironic that the candidate who everyone is calling “too old,” is the one that isn’t living 100 years in the past.

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