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The Loans-my View
The Loans-my View
Been watching the news the last couple of mornings, mostly the hearings about the loans the big three auto makers want-no need to survive.
This is kind of close to home to me.
I grew up in a small town just outside of Lansing Michigan and I used to be able to say if you had an Oldsmobile a member of my family made it. These men and women took great pride in the cars they made.
Well Old's closed-a victim of the times. Now they are building world class cars again in Lansing. G.M. built a brand new state of the art Cadillac Factory.
But Lansing still has not recovered to the good old days.
When a factory is closed it is not just the workers on the floor that lose jobs. It is the whole community that suffers economic disaster. From suppliers to truck drivers, to the coffee shop on the corner and the bar the factory rats stop at on the way home.
Now multiply that from just one town to the whole Nation. This is not just about Detroit.
The unions are not the blame-they did what they are supposed to do. They got the best deal they could for the people they represent. A good wage, insurance and good working conditions.
As for management-well they could have been a little smarter. They are building cars that are as good any. They need to do better at getting that message across. But I guess the crystal ball broke- they did not see this economic downfall coming. I guess they listened to those guru’s on wall street.
I guess what I am trying to say is that we need to grant these loans. If we don’t we will move right past a recession and straight into a depression.
A nation wide depression of maybe millions out of work, more people will lose their homes and become homeless. And yes people will die.
Most of us can’t remember the “Great Depressionâ€, I can’t. But I remember my mother and dad telling me about it. It is not an experience I want to go through.
See ya.
posted on Dec 5, 2008 9:35 AM ()
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