Don't Support the Auto Company Bailouts!
Well, voters have spoken, and the Republicans have lost the presidency and more seats in the House and Senate! The economic recession and stock market fall sealed the fate of McCain and Palin. Ironically, the progress in Iraq worked to Republican disadvantage; it made the economy an even greater issue. No one truly expected Obama to withdraw from Iraq too quickly, and his position on taking it to terrorists in Afghanistan helped him show enough strength to prevail.
Now, it’s clear that conservative talk radio is not enough! Too many in America have forgotten the principles that make America Great. I hope, in your retirement, that you join us in doing a better job of educating America on what we stand for. Newt Gingrich said of Reagan, “He wasn’t just a great communicator. He was a great educator.” In short, he explained in stories and examples why Republican principles were important. With our citizens today, they have a short attention span, a constant need to be entertained and an inability to look at anything in depth. We must take that on by using the Internet and public forums to do a better job of selling what truly makes America great. At my YouTube channel, DrTerryP, I have started to collect a series of short videos on the principles that define us as Republicans. Too many believe their optimism comes from bigger government they’ve stopped believing in themselves. We will never be great waiting in line for bailouts from Washington! But your actions make me question your commitment to free markets.
This letter may be too late to make a difference, but I am absolutely AGAINST any bailout of the American auto industry. They have a failed model and inflated costs, and they deserve to fail. Let them file for bankruptcy like the airlines. They will come out with lower employee costs and focus on adding value where they can succeed. You are supporting taking our tax money earned by our hard work and success to support their failure! That is not Republican thinking, Mr. President. Trust capitalism and money will move to what adds value instead of sending good money after bad companies! Let the Democrats take responsibility for these stupid stimulus packages, if they want!
The stimulus packages and bailouts have done only one thing—they have made companies and citizens get in line for more money! They’re competing for how awful things are instead of getting busy finding their own way to success. Do you no longer believe in self-reliance? Or do you just believe it is OK for us fools who do all the work and pay the taxes to support these bailouts!
In Support of Conservative Principles,
Terry L. Paulson, PhD