Have I said lately how much I love Carpe Diem?
Posted by Liberty on December 20, 2008
I’ve linked Professor Mark Perry’s blog, Carpe Diem before…hmmm, trying to link and WordPress’ hyperlink function is not working right now. [Normally, WordPress works great. If you want to start a blog, I highly recommend WordPress. And e-mail me the link. I promise I’ll read, even if you’re a lib or a Husky fan].
Anyhow, go to http://mjperry.blogspot.com/ because his blog today is incisive as usual. He’s excerpted an article from the Wall Street Journal by Andrew B. Wilson on how the Conservative principles espoused by Margaret Thatcher helped to pull Great Britain out of economic difficulties in the 1980’s. [Wow, isn’t that about the time that Ronald Reagan was helping America recover from our Jimmy Carter-induced economic difficulties through free-market capitalism?] Here’s a brief quote from Mr. Wilson’s article:
“By sticking to her policies of lightened regulation, reduced trade barriers, privatization of a raft of publicly owned companies, reduced taxation, and the adoption of laws to prevent abuses of union power, Mrs. Thatcher achieved something few if any of today’s economists have begun to consider. She achieved a genuine, productivity-led recovery that transformed Britain from perennial basket case into the Europe’s most improved and vibrant economy.”
Naturally, I’m a little sad to think that this economic recovery will not be ours, at least not during the next four years. The socialist blueprint has been drawn, and time and time again, the house has fallen. Obama’s going to build his policies on the failed philosophy of socialism, a system counter to all that America was founded on. It will fail us, too. So, I guess I love Carpe Diem today for the information that Professor Perry disseminates, not for helping me feel optimistic.
He also has a post entitled “Ford’s State-of-the-Art Factory in Brazil: A Model for the Big 3’s Survival. But The UAW Hates It.” In it, there are details about an innovative Ford factory in South America. According to Professor Perry,
“It’s not just above-market UAW wages and benefits, along with overly generous lifetime pensions and health care coverage that have all contributed to pushing the Big Three to the brink of bankruptcy. It’s also the outdated work rules, multiple job classifications, and union inflexibility and resistance to greater efficiency that have crippled the Big Three (see the 22 pound, 2,215 page UAW-Ford contract here).Isn’t it sad that U.S. automakers like Ford have to go 5,000 miles away to “the global sandbox” Brazil to try out new production methods, instead of introducing cutting-edge, state-of-the-art technology here in the U.S.? Even if GM and Chrysler reduce wages and benefits to competitive levels as part of the $17.4 billion bailout, they still might not survive in the long run if they are prevented by the UAW from introducing lean, flexible, state-of-the-art technology inside the U.S., like Ford has been able to introduce outside of the U.S.”
This entry was posted on December 20, 2008 at 7:10 pm and is filed under Conservatism, Future of the GOP, Liberalism, Obama, Redistribution of wealth, Ronald Reagan, Union Thuggery. Tagged: Bailout, Margaret Thatcher, Obama, Redistribution of wealth, Ronald Reagan, Socialism, The Big Three. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.