Posted tagged ‘Auto Industry’

Carriage Manufacturers to Request Part of $700K Bailout

December 19, 2008

Horse related industries fight for survival against Henry Ford’s Model T automobile. Request a portion of $700K bailout money.

Ashland County, WI — Citing rising competition from the new Model T horseless carriage, carriage and wagon manufacturer and Wisconsin state senator AW Sanborn has petitioned Congress for an appropriation of the $700 thousand bailout.

Hardline opponents of the wagon bailout brand the horse-powered transportation industry as a “relic of a former time.”

“Hank Ford is doing a major disservice to the transportation industry,” said Sen. Sanborn in a press conference from his Ashland county estate. “Think of the repercussions from the failure of our business. This will not just affect buggy manufacturers like myself, but an entire support industry.”

Lincoln McSweeney of the Ashland Co. Farrier’s Union agrees. “Think of all the people that will be out of work if this newfangled Tin Lizzy catches on. Farriers are reliant on horses for our business. So are teamsters, blacksmiths, wainwrights, and tack makers. If you’re out plowing a field and need a new terret, good luck finding it if we’re out of business!”

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Ridiculous? No more so than today’s bailout of the auto industry in Detroit. You could choose almost any obsolete technology or business method from the past 100 years and make the same case for a financial bailout that was made to justify the auto industry bailout.

The fact that such bailouts were not made in the past – and the nation survived – should be all the reason anyone needs to see that bailing out the Detroit automakers was unnecessary and wrong. It was extortion pure and simple – “give us the money or terrible things will happen to you!”.

Two New Peter Schiff Videos

December 4, 2008

Peter Schiff Schools Mainstream Econohacks on Great Depression
A compilation of clips with Peter Schiff telling the truth about what caused the Great Depression.


 Peter Schiff On Automobile Corporatism December 2nd 2008 Bloomberg