Wednesday, June 10, 2009

Could the Right Wing Media Finally Have it Right?

Granted, when the right wing, especially lunatics such as Hugh Hewitt threaten to do anything, it's all too easy to automatically dismiss them for being on the wrong side. After all, if they were consistently on the right side of issues they wouldn't be a fragmented minority almost surely doomed to get even smaller by next year's midterms.

However, the GM bailout isn't about party lines and dismissing the conservative media's anti-nationalization position on the matter automatically puts their opponents in the uncomfortable position of defending their own indefensible positions: Why would you continue buying vehicles from a company that made the beastly, gas-sucking Hummer? Why should we have bailed out a major automaker that had wound up putting thousands of assembly line workers and dealers out of work, anyway? Why would you want to subsidize a corporation that took the easy way out by filing for bankruptcy and was given permission by the Obama administration to replace the employee pension plan with next to worthless company stock (and in violation of federal law)?

It could be the conservative media's position is rooted in typical ignorance and "the sky is falling" alarmism but their tack could very well be the right one to take and perhaps even liberals and Green voters on the other side of the political spectrum may join in this proposed boycott.

Perhaps it's too early to tell since the Bush-era bailouts went into effect but the forming consensus is that bailouts do not work for several reasons: We have bailed out insurance giants like AIG and they paid out over $200,000,000 in bonuses after getting a whopping $180 billion and spent $440,000 on a retreat and was about to do the same thing until someone blew the whistle.

We've given out billions more to failing banks that then sat on the money like a territorial leprechaun sitting atop a pot of gold and refused to make loans even to qualified homeowners, even when it was apparent that much of the reason for the bank bailouts was to free up equity and other forms of liquidity for John Q. Homeowner.

And the TARP extension to the major automakers has only resulted in bankruptcy, federal receivorship, worthless employee pension funds and tens of thousands of automakers and dealers out of work.

Bailouts, plain and simple, do not help homeowners keep their houses any more than they help factory workers and car dealers keep their jobs.

So perhaps the progressive Buy American! mantra has a lot less punch these days and ought to take a back seat to what the right wing media is proposing: Teaching these corrupt, remorselessly greedy execuphiles not only in GM but in every corporation that the American people are fed up with their irresponsible arrogance and incompetence and that we ultimately have the power to put them out of business.


At June 10, 2009 at 11:39 AM, Anonymous Anonymous said...

sure, except for the totally hypocrital part about conservatives/republicans getting on anyone's case for being arrogant and incompetent. "pot, meet kettle", anyone?

At June 10, 2009 at 11:51 AM, Blogger jurassicpork said...

Yeah, I can't fault you for that. Touche. And we liberals can be just as arrogant and incompetent as anyone else. There's plenty of blame to go around.

We don't have to agree on specific catalysts or reasons for the boycott to be on the same side as the right wing media. Think of it as being forced to ride in the flatbed of a broken-down jalopy driven by a half-blind lunatic because it'll get you a few more miles down the road where you have to be. That's how I look at it.

At June 10, 2009 at 12:03 PM, Anonymous Anonymous said...

i don't like to think of it as arrogant, just that we're smarter, by definition. and/or process of elimination.
oh wait, maybe that is arrogant. oops.

At June 10, 2009 at 2:18 PM, Anonymous Anonymous said...

Different anon, here.

How about boycotting the banks and jailing the thieving financiers who got us into this mess?

Oh, that's right. We can't do that. No choice involved.

At June 10, 2009 at 3:12 PM, Anonymous Anonymous said...

JP, the problem is in your last sentence. Americans surrendered their power a long time ago. Said power is now pretty much limited to channel surfing and "yes, I want fries with that". People do and think what the TeeVee tells them to do and think (bow to Howard Beale). w and his crew played a massive game of "chicken" with the nation and found no boundaries as to how far we can be pushed. They destroyed the country and now their goal is how to convince the world that Obama and "the libs" did it.

At June 10, 2009 at 3:31 PM, Blogger jurassicpork said...

Up to a point, even considering the economy, we still have purchasing power, which is the real power. That is, until gov't stepped in and essentially supplanted our purchasing power with bailout bucks to keep the huge executive bonuses and retreats rolling in.

But we still exert a lot of power at the checkout register, in showrooms and at our computers. Spock's Brain showed us years ago how effective a carefully-choreographed guerilla strategy can be when going after sponsors of KSFO. You want to hit 'em where it hurts the most? Hit 'em in the wallet.

Because nothing Howard Beale said in his day is totally irrelevant, yet.


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