Every business has competition. It's what drives innovation, capitalism, and job creation. Look at the smartphone market for example. The growth of Google's Android phones forces Apple to continue improving their iPhone. This logic should apply to all businesses, unless you're Senate Majority Leader Harry Reid. When talking about the auto bailout, Reid argues that it was necessary to bailout General Motors (GM) and Chrysler in order for Ford to survive, who didn't take any bailout money and has been thriving. Under this logic, Apple or the government would need to bailout Google to be successful. We've said it before and we'll say it again: Harry Reid is mentally unstable.
"Isn't it a good thing today in America that we have an automobile manufacturing sector? If it had been up to them (Republicans), GM would be gone. If it were up to them, Ford would be gone. Chrysler would definitely be gone. We decided that they need help, just like in New York City needed help 25-years ago."
First off, Reid is wrong. Ford didn't take any bailout money and has been kicking butt. Reid claims that without the bailout, the United States wouldn't have an auto industry. He believes and argues that Ford would have collapsed if the government didn't bail out the competition. And liberals believe is a rational argument.
Talk about a distorted view of reality. If GM and Chrysler went under, Ford would have been positioned as the only U.S. auto producer. That's a dream from a positioning standpoint in the mind of any marketer. Ford still has foreign competition, further making Reid's argument moronic.
Bailing out GM and Chrysler was a terrible idea. It cost taxpayers $60 billion only to hear months later that they would declare bankruptcy. You can't fault Harry Reid, though. He's a socialist, so he sees nothing wrong with redistributing money to failing companies. Granted, relying on a bailout doesn't provide any incentive for success, liberals believe that spending someone else's money is the way to prosperity. Because we all know how well that system worked for Mao's China and the Soviet Union. Just ask the over 100 million dead as the result of Communism.
Chuck Justice is the editor-in-chief for Habledash.
