Web Letters: Breaking Down the Auto Bailout

Mr. Greider says: "President Obama has taken an important step toward changing this system with his recent proposals for taxing US multinationals more aggressively." My response is that it makes no sense to handicap American companies dealing in foreign areas.

A good example is Sherwin-Williams, which manufactures here, but exports and runs paint stores in Latin America and Canada. Another one is Orbit International, making backup power supplies here, with worldwide wide sales.

Are those what we want to punish?

John D. Froelich

Upper Darby, PA

I agree that we should not support a bailout that supports building cars in foreign countries for import into the United States. We have an automobile manufacturing capability in the United States at Ford, Toyota, Honda, Volkswagen and other plants that can meet most of our needs without government bailouts.

Billy Workman

San Antonio, TX

And this article is from someone who no doubt voted for Obama. (Tsk, tsk.) Well, baby, you get what you pay for. The Obama administration didn't "stumble into" anything. This has been the plan all along. The question is, what were you thinking was going to happen? Obama doesn't give a shit about the American taxpayer.

So I wonder what the rank-and-file auto workers think of this new plan that will result in no new jobs for American workers. I wonder if they know the really big plan: redistribution of wealth. If you know anything about global economics, you must realize that our American workers have lived in fantasyland. No workers produce less and are paid more, anywhere in the world.

That's all gone now, thanks to Obama. The steel industry is gone. The coal industry is gone. The auto industry is gone. These industries will be back when the wages are pennies per hour and there are no benefits, just like the rest of the world.

As to the pretense of taxing the multinationals, what good is that when the taxpayers of the nation are subsidizing them anyway?

Obama has taken no important steps, although every step taken since he assumed office has been significant and deliberate, aimed directly at the reduction of wealth in the American household.

Steve Bradley

Lakewood, CO