Do pardon my absence from the blogosphere…

In addition to recently becoming a new mommy again, a basement remodeling project has become a much bigger job than I ever imagined. Every spare moment (which are few and far between, by the way) has been spent painting, moving furniture, picking out flooring, rugs, etc., etc., etc. I’m actually blogging right now while inhaling a salad, as the proposed auto industry bailout is a topic I just can’t ignore.

Giving the auto industry $25 billion would be akin to giving a shopaholic teenager daddy’s new credit card number becuase she ran up so much debt she can no longer afford to feed herself. “I promise I’ll only use your new card for living expenses!” Yeah, right.

Bad management and a heavy-handed union has put the auto industry in the position it’s in today, and throwing more money at them is not going to solve the problem. Placing them in a position where they will have to file bankruptcy, streamline the business, and improve management just might.

Contrary to what the auto execs want you to believe, filing for bankruptcy will not force them to shut down tomorrow. It is in the best interest of those who are owed money by the industry to keep production going – you can’t get blood from a turnip, as they say – and to encourage better business practices to ensure that they are payed their due. Handing the auto execs a check will merely encourage them to keep doing exactly as they are doing now and place them right back where they are now in a decade or so.

Want to make more money? Build cars that people want to buy. Cut labor costs. Stop flying your corporate jet to Congressional hearings. Pick up a Quarter Pounder with Cheese rather than eating in the executive dining room. Coming to the government with your hand out isn’t in the best interest of the auto industry, it’s employees, or the taxpayers.

So, should we bail out the auto industry? Absolutely not. It’s the dumbest idea I’ve heard this week.

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