Bailout fatigue.

1/31/2009 07:30:00 pm / The truth was spoken by Rich /

See here's the thing I don't get about all the bailouts. I get the fact that we probably need banks. So it's fair enough that they need their monies to correct the greedy bastard pillaging of the bankers - yes that was rhyming slang there - although the Government appear to have gone about it all wrong for a change according to any basic honest to goodness economist's opinion you might read, they still need to do sommat.

It's all the other bailouts that I don't get. If no one's interested in buying stuff, why keep it going? The car industry for example; The Prince of Darkness Mandelson (he's really a Lord??) wants the mostly "foreign" owned car industry to be propped up. Presumably because they employ so many people, which on the face of it sounds reasonable, but it ain't is it when his logic is held up to scrutiny.

The money from car sales does not stay in the UK economy. And although workers get paid and their salaries do remain in our economy, what you're essentially doing by propping up that industry is turning into another Ponzi Scheme. As soon as that money stops or we stop buying cars, then the whole industry collapses.

We don't need more cars in this country. It's a tiny place, there's too many cars anyway. Let's just maintain the old ones. No new cars to be made unless they can at least be run on potato peelings and old newspapers. That's what I always say. Instead of offering up the car manufacturers a couple of billion trillion monies, why not inject that money in re-training the car industry workforce in industries we do need?

I know it's a hassle re-training, but a bailout is just delaying the inevitable no? If no one is buying cars, no one is buying cars. And to be fair, while this may be easy for me to say sat here essentially financially secure in my slippers, who wants to do the same job forever and ever anyway? It may offer security but really now come on...booooooooooring.

What I'm saying people, is it all just seems counter-productive. Mandelson is obviously playing politics here and just wants to appear to be sympathetic to all those people working in this industry, but I'm sure they'd all be far more appreciate it if he'd engage his brain a little and give the bigger picture a little consideration so they all had a rosy future because of the myriad of employment opportunities available to them.

If he had his way all those celebrity types with a fleet of cars would be forced to sell them and replace them with a milk float on account of environmental issues, but it's nonsense, cause the Jeremy Clarksons of the world can only physically drive one car at a time, where as forcing them to sell them potentially puts all those gas guzzling monstrosities on the road at the same time.

Lack of thought see. Lack of everything really except the ability to waste billions and trillions of British monies. If I worked in the car industry I'd be re-training myself as of Monday morning. I'd be on the blower to the skills-centre immediately. I hear under-takers are enjoying a roaring trade at the moment. The end.

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