Saturday, November 08, 2008
The whole idea of an automakers bailout is straight garbage, especially if it comes without a requirement to lower auto-emissions. Obviously, job loss is damaging, but there are reasons why industries collapse in catastrophic times. I believe firmly in the idea that America needs a second New Deal, which means the actual creation of new jobs, to get people through these times: Put the manufacturing industry to work on improved public transit and infrastructure, things that can run on alternative fuels, something to actually move forward from a collapsed automobile industry into a world where streets don't need to be perennially repaved to create larger roads to accommodate larger cars and greater congestion. That this is the first real thing Democrats have pushed since Tuesday's election combines with the fact that gay-marriage-banning initiatives were largely pushed through by the same African-Americans that got Obama elected to really take the edge off a lot of the feelings of progress that led to ecstatic street freak-outs.