An email I just sent to my US Senators and Congressman.
Senator/Congressman Murray/Cantwell/McDermott,
I support a government loan to the big three American Auto Companies.
While many of their wounds are self inflicted, the current economic crises has affected them in a way that few companies could survive. While I am a believer in a capitalist economy, an economy where good companies win and bad companies lose, the Big Three should not be forced to close their doors because a significant number of the nation’s financial institutions were run by incompetent fools. While any one of them may deserve to go under in the future, this is not the time.
If one or more of these companies fail, I believe that the loss of jobs in the manufacturing sector, in the midst of the recession, will drag the economy down even further, leading to further job losses and declining incomes. For the most part, the people who will suffer the most will be the ones who had very little to do with the auto industry’s poor decisions and that is profoundly unfair.
Sincerely,
Joe Grindstaff
