Bella Dea wrote:
You act as if it's nobody's fault that Detroit and Michigan are failing. It most certainly is people's fault; people who got fat and rich when times were good and didn't have any foresight at all to diversify for when times get bad.
The people that are suffering are not fat or rich. They are the ones who'll be out of a job and on the street if the autos go under. How are they at fault?
And I forgot my source from the quote above.
Sorry, I forgot my source.
There are a few different responses to this -
First, the people who are 'fat and rich' are the business leaders, real-estate investors, and politicians of Michigan. The auto game was so profitable for so long that these short-sighted fools did nothing to diversify the industrial and commercial base of Detroit and other towns. They made personal fortunes off of the sweat of the region and now are still sitting pretty. You are correct to say that those who are now going to be out of a job and suffering are not responsible for this failure to invest and innovate and diversify.
Secondly, however, each one of those people who is going to be 'suffering' has a personal responsibility
for their own lives. These folks have all known, for a long time, that the Big 3 are failing! It's not as if this is coming as a shock to anyone! Why have they not been looking for jobs elsewhere? Why stay in the same job, even though you know there's a chance that the whole thing will fail, and then bitch when it fails and you are out of a job? If you see your business is failing, and you don't make plans to get a different job, you have nobody to blame when your ass is out on the street in the end.
shares responsibility for this situation, not just those who caused the problems, those who failed to do anything about their personal situations as well.
No bailout, let the chips fall where they may. I doubt that Washington will let that happen though, they're too afraid to do the right thing. Therefore I would demand a reorganization of these companies, a drastic one; and hundreds of thousands will lose their jobs under this as well. There's no happy ending for Detroit in this situation no matter what happens.