Thursday, November 20, 2008
Being Green in the Credit Crunch of the Housing Bubble
The issue of the auto industry bailout is credit. Auto makers are not selling cars simply because the credit industry failed. To put the credit industries' fault upon the auto makers is wrong. The question the federal government must ask is whether the product the auto industry is producing, like the housing bubble, is worth the price of the credit that is being sold. The answer is unequivocally no, and that is the reason why the Democrats are procrastinating voting for a bailout. The financial responsibility of the federal government, in light of the recent economic crisis, predicates lawmakers vet fully the issues surrounding such a financial loan. Because of the results of the recent presidential election, lawmakers are reticent to act upon any future burden of the American taxpayers' dollar. Because of monetary constrictions it is true American auto makers have not championed a course of environmental conservation. The question to be asked is, "Is the survival of the auto industry and its subsidiary employees more important than 'Being Green?' ".