The $25 billion bailout (or bridge loan) has been a hot topic lately, both here and on the blogs I read. On a gut level, I am against it, and while impassioned and very sensible arguments for propping up the beleaguered auto industry have been made on all sides--especially by those with family ties to Detroit and the auto industry--I respectfully take it all in and am left with nothing but questions.
I've been thinking about this issue a lot lately, and I think my opposition may be generational and cultural. I want to make clear that my heart goes out to every person, all 2-3 million, who are and might be affected if the auto industry collapses and I know the effects will be far-reaching beyond that. I am not being callous or cynical in the least, and I hope this post is not taken that way. This is an issue that has been weighing on my mind. I am certain I am not alone and would appreciate this post being read in the spirit of self-examination and reflection with which it is intended. It's because I care that I'm trying to figure out why it's so hard for me to support a $25 billion loan.
Like many Americans, my husband and I have discussed this issue daily for weeks, and we are in complete agreement on the matter because of the possibility that perhaps we are a generation away from feeling a connection to the "Made in the USA/American cars are the best" phenomenon. Having been raised on the west coast, we have no immediate connection to the Detroit automotive industry. Even though for years we had a Toyota factory in our back yard, we don't have union workers in our families (though I belonged to a teacher's union for three years).
It may also be cultural. Growing up my parents drove a mix of automobiles, but they were mostly European made because "they're made better." Parents say these things. Also, in my case, because my father is Italian and my mother is Korean-American and was raised in Hawaii, I've grown up with a global view. I've said before, I always felt like a citizen of the world first, American second. We make great things in this country, and great things are made in lots of other countries, too. I was never taught to believe that everything we manufactured here was the best in the world, I was taught to appreciate what the entire world had to offer. And if you know anything about Korean or Italian culture then you know that each of those countries makes the best cars in the world, at least according to my parents.
I don't say any of this to excuse my opposition to the bailout, I say it because I think that this might be why a generation of Americans (many of whom are like me--removed from the realities Detroit and Americans raised with a global perspective) finds it hard to swallow.
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