Posted files under ‘bailout’
See Tee Thompson’s Pick: The domino effect of Michigan and “The Big Three”
Do we live in a society that focuses only on instant gratification? Or, are we still strong in forethought? These questions illuminate in my mind as I approach the worst holiday season for most corporate meeting planners in Michigan where sales are down. A lot of meeting planners in the area are having more company’s have potlucks this season for festive fun with employees than hiring planners for holiday parties. This is a residual effect of our economic climate. For most of America that lives outside of Metro Detroit or Michigan, GM, Ford, and Chrysler’s ailing economics and well needed bailout seems optional. For small business owners (including myself), this is no option. A financial guarantee of support is a necessity and a dangerous domino effect to both the automobile industry and the twenty-first century.
When bearing in mind if the bailout is optional, consider this as Kathleen Alessandro of NAWBO Greater Detroit Chapter said, “The automotive industry and Michigan was the forefront to the twentieth century for the country, we went from horses to automobiles. Michigan and the auto industry remain equally vital for the twenty-first century”. I offer this country and lawmakers an epiphany, Michigan along with the automotive industry is a main artery to the heart of our country’s economy. This artery carries oxygen to many industries in the twenty-first century; this includes electrical, printing, manufacturing, exporting, importing, and many other secondary supplier components. If the heart has built up alone the walls of the arteries, it leads to congestive heart failure. At some point the heart stops. We need to be innovative not destructive because we “shot ourselves in the left financial foot” by not passing legislation.
If as a country we can not recognize how the chain reaction of either bailing out or not bailing out ”The Big Three” will command an immediate occurrence, then the default occurrence will forever shift our society as we know it. Securing a plan is urgent! We need to choose to support the bail out of the automotive industry and see the benefits of not allowing our country to have an economic collapse.
It behooves me how the media and lawmakers could remain fixated on the mode of transportation “The Big Three” arrived in, opposed to addressing how to expeditiously address a bi-partisan solution. Now, I am all for having viability and accountability to how the solution is devised. I do not support sensationalism of airplanes versus resolutions to hundreds of thousands of people the immediate problems affects. Likewise, I give high accolades to both Senators Carl Levin and Debbie Stabenow of Michigan, for combating for the progression of this industry, the state, and the cities whose tax infrastructure depends on this. I hope when the lawmakers make a choice for the bailout that the domino effect will be a positive outcome. This bailout can continue to support the local and national charities, organizations and other multi-leveled businesses that drive financial pillars to the U.S.A.
1 comment November 20, 2008
