PoliticalChatter

Saxby Chambliss stopped the Democrat slaughter winning the running off in
Georgia. People are making a big issue over how the Republicans still hold the filibuster power in the Senate; no they don’t. Does anyone really believe the likes of Olivia Snowe and even John McCain are going to be willing to filibuster any important piece of the legislation? No, they won’t. What they will be doing is taking their normal moderate stance and looking for a compromise. The other drama is the Minnesota Senate race that just keeps going. Norm Coleman is trying to hold of Al Franken, who appears headed to the Senate. Something must be done about these election counts that just keep going and going and going. Any recount that has virtually no deadline is ripe for corruption and you can bet this one has plenty of it. Set a date, hold it firm and get the process over, period.  

Now onto better things; the continued fight over the auto industry bailout. The process continues to move forward and eventually they will get the deal. Proponents have declared that the auto industry is crucial to the economy; really? 

 If two stores open on the corner and each get 100 shoppers a day, they hold equal importance to the corner’s economy. If over time one store offers a better, cheaper product and increases their market share of the corner economy by 100 more shoppers a day, that store has a growing importance to the economy. While the other store, once important, is becoming less so simply because their customer base, thus revenue are in decline.  

That is the
United States auto industry, yes they hold a market share but it is declining, thus they are in economic trouble. In other words their importance to the economy is growing smaller by the day if it weren’t there would be no talk of a bailout. Bankruptcy and consequently, realignment would make them stronger in the long run and bring the American auto industry back to life, but that would mean cuts for the UAW, which is in essence the purpose of the bailout, to save the UAW at the cost of the free market and eventually the auto industry.  

Trackback URI | Comments RSS