Wow.

posted by The Vidiot @ 7:44 AM Permalink

The lame-duck republicans managed to block the auto industry bailout. I did not think that would happen. I assumed that some sort of lame-assed compromise would be reached and everyone would be disappointed... just like always.

I had mixed feelings about the bailout. On one hand, I figured, let the f-ckers fail. They f-cked up. They made really bad decisions. They did a piss-poor job of keeping up with the technology. They're dinosaurs. They should be extinct. On the other hand though, there's all the people -- the employees, the suppliers, and the distributers -- that will lose their jobs.

What happens now? Well, short term, the market will probably tank today. I don't think that even the plunge protection team will be able to save today. Long term, who knows. A LOT of folks will be out of a job. If I had any advice to give, it would be for those workers to pull together, democratically come up with a newer and better business plan than those lame-assed corpororate monkeys, take over the factories and do it themselves. Kind of like they're doing in Argentina. That's the only way I see out of this mess; having the workers own the means of production.

May you live in interesting times...

Labels: automakers, bailouts, Economy