Contact your U.S. Senator ASAP and tell them NO to the U.S. auto bailout. The auto bailout has already passed in the House.
American taxpayers are told that we should support the auto industry bailout with our tax dollars. Why the hell should we? The Big 3 are investing more (new investments) in other countries than in the U.S. And how was NAFTA good for us? Congress also wants a federal automaker czar to oversee the auto companies. Sounds like communism to me!
Does this make sense to you? Your tax dollars will be used to bailout POORLY managed companies. Why should incompetence be rewarded with OUR tax dollars? I bet that no part of the bailout includes firing the current CEO's and replacing them! The executives still get to keep their massive bonuses at the end of this deal is my guess. This bailout sounds more and more like the Wall Street bailout - benefiting only a select few!
Why should AMERICAN tax dollars be used to bailout companies which are investing more in foreign countries than here at home?
One example - Ford is asking for a bailout with AMERICAN tax dollars when they are cutting 30,000 jobs in America, while hiring over 150,000 more workers in Mexico. Ford wants a bailout with AMERICAN tax dollars and they announced in 2006 a 9.2 BILLION dollar investment in Mexico. Thus, 15% or 1 in 7 of all unemployed people in Mexico will soon become employed by Ford. This is 3 Billion of the 9.2 Billion.
Are we bailing out the Ford Motor Company which spent close to a Billion dollars to purchase a Romanian car company in 2007? Didn't Ford Motor Company just spend 500 million dollars to expand one of their plants in Thailand? Isn't this the Ford Motor Company that recently invested roughly 28 million dollars in a new research and engineering center in China? And 375 million dollars in Turkey?
As Dave Gibson wrote "Ford should ask Mexico for a handout"
So do you REALLY think that this bailout will help Americans? Perhaps you should take a look at the future as presented by Congresswoman Marcy Kaptur. While watching this ask yourself who this bailout is REALLY benefiting and whether or not NAFTA has hurt the American worker.
So what is Ron Paul's take on the auto bailout?
WAKE UP AMERICANS! You and your children will be forced to pay taxes on a rising national debt. Contact your U.S. Senator IMMEDIATELY and tell them NO on the U.S. auto bailout! There are reports that the U.S. Senate will be an uphill battle for the U.S. auto bailout.