Dear Members of Congress - Invest in America

[firedupdem]

You don't want an economic disaster on your hands. Not when you could have prevented it. And not in times that are already the worst in a generation.

But that's exactly what you'll have — and more — if one of the three Detroit automakers goes belly-up for lack of a government-backed loan. There will be economic hell to pay — not just in Detroit, but all across America, including in your state, in your district.

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Who will buy the rubber, plastics, copper and computer chips that Americans make? Who will need all the tool and die shop workers, mold makers or software engineers who help drive the small-business economy in so many states?

You don't want all this blood on your hands. No one could.

Because the losses from an auto industry failure are about more than dry statistics. Every job associated with the industry is a family, a home, a college education, a cancer treatment or a secure retirement. Every one of those jobs is about someone making a living doing work that's vital to the nation's economic interests.

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Remember, too, that Detroit helped rescue America as the Arsenal of Democracy in World War II and, through GM's no-interest loans, helped jump-start the battered economy after 9/11. Now, when our automakers and autoworkers need a hand up, will America really turn its back?

The Detroit automakers are hemorrhaging cash to stay in business. Two of them are nearly drained, and the third is getting by on a transfusion. They can get well. They have shown how. But first they have to survive. And their survival is in America's best interests.

You can help them. And if you don't, make no mistake: There will be bleeding throughout the land.

http://freep.com/article/20081204/OPINION01/812050321

[firedupdem]

1. kick

posted this last night. Amazing to me that the banks can get a quick bailout but these companies that employ so many around the country can't get a loan?