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The Auto Executives Bailout Doesn’t Benefit the American Public at All.

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The auto company bailout isn’t about keeping money in the American economy, or protecting the American people. The auto company bailout is, in reality, an auto executives bailout.

At the height of the auto industry in the United States, it was one of the largest employers in much of the country.

Automobile manufacturing jobs filled a valuable niche, providing work for many citizens who were high school graduates but for whom college wasn’t an option.

Automotive manufacturing jobs accounted for the sole industry in some towns, employing thousands of people in some towns and small cities and accounting for the majority of income in those economies.

When auto manufacturers began sending jobs overseas, those American citizens suffered. Gone was the ready source of jobs for people with high school educations, leaving thousands of people without secondary education to try to find new jobs in much lower-paying brackets.

As thousands of people in communities lost jobs due to manufacturing plants relocating overseas, the economies of those towns suffered, leading to a rapid decline in property values and a glut of homes on the market.

The few retail and restaurant jobs left in the communities barely provide a living for a few hundred people, and the thousands of people who used to be in auto manufacturing were left without jobs or prospects.

The auto company bailout isn’t bailing out the American people; it’s an auto executives bailout bill.

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Who Gets the Money in an Auto Bailout?

With more and more automotive jobs moving overseas, very few American people are actually employed in the automotive industry anymore.

Less than three million American jobs now depend on the auto manufacturing industry; not quite 1% of the total population of the United States.

Most of these people aren’t involved in automotive manufacturing at all; they’re sales and executives staffers who run the administrative side of the business in the United States.

Many of these people are college-educated individuals for whom there are many other job opportunities.

An auto company bailout doesn’t equate to saving the jobs of millions of Americans in Middle America.

It equates to an auto executives bailout; putting money in the pockets of people who are already making too much money off American hard work, and not giving money back to the American people.

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The Auto Bailout Benefits a Select Few

If the money isn’t going to the American public, but is instead benefiting a select few, people might wonder who is getting the benefit of the bailout funds.

The auto executives bailout isn’t about providing for the American people; it’s part of a good old boy’s club to finance already rich individuals.

Those in power tend to support those in power, without regard for the rest of the people for whom money and work doesn’t come easily.

The auto bailout isn’t helping the American people who are paying the bill; it’s putting money directly in the pockets of a few rich people who run the automotive industry.

Less than four months after the multi-billion-dollar auto bailout, General Motors is already filing bankruptcy.

The American people were sold on the auto bailout to prevent a bankruptcy among auto companies.

If they’re filing bankruptcy anyway, what happened to the money?

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