Letter To My Congressmen

Dear Senator,

I understand there will be a vote any day on the Big 3 bailout. As my Senator, I request that you reject this bailout as nothing more than rewarding failure. The management failed to negotiate profitable deals with unions and develop cars people actually wanted to buy. Unions failed by holding companies hostage in good times and running them into the ground in bad times. Government failed as it pushed ridiculous CAFE standards on carmakers that did nothing to curb gasoline consumption.

The entire domestic auto business, as it relates to the Big 3, is a failure and the money thrown at this problem will do nothing to get consumers to buy their products. Let them go bankrupt. There will be investors willing to buy the assets in bankruptcy and produce cars and trucks in these very same plants. Yes the unions will have to make huge concessions and I am sure new owners will change the management teams. This is a good thing and the only thing that will save Detroit.

Just as Pittsburg rebuilt itself after the bust in steel 20 years ago, Detroit will find it’s way too. Reject the bailout and focus on cutting government spending and waste. If the Big 3’s business plans were so good, investors would be buying bonds today. Government is no wiser than the markets and will certainly lose it all for the taxpayers.

Respectfully yours,

XXXXXXX