No matter how you spin it, unions are asking tax payers to pay the wages of their employees.  In other words, they are asking you and me to use our labor to pay for ineffective labor just because union workers need money.  This is called stealing.   

The term “other people’s money” does not mean people receiving money from other people are taking advantage.  Money is labor.  People who invest are investing labor in the form of money.  They are receiving a benefit from the people they invest with.  One invests labor in the form of money and the other invests labor in the form of sweat. 

Bailing out the auto industry is a welfare program.  It would be foolish for the government to give billions of dollars to the auto industry.  When a company loses billions of dollars, management is not running a wise and competitive business.  Auto workers who make over $160,000 a year in wages and benefits, does not match supply and demand.  Why should Americans who earn money give it to a company that does not?  Even worse, why should Americans give money to companies and then let politicians, who know nothing about running a business, tell them what to do?

No one can tell me with a straight face that the auto industry in Detroit is run well or doesn’t over pay employees.  The numbers don’t lie.  You can’t pay people money you don’t have just because unions say they need it.  Need has nothing to do with the value of someones labor.  How will giving these companies money change their efficiency?  A company that loses billions of dollars a year is a poorly run company.  How will giving companies like this change anything in the long run?     

As mentioned in “A God-Made Millionaire”, I would be very cautious of 401K plans.  Money in most of these plans is trapped in company selected mutual funds or other investments.  This money is often not managed.  That is a problem and many are finding that out now.

I don’t hide money under a rock in this manner for a later day.  I just feel like it is not trusting God.

The economy has been artificially stimulated in the past number of years.  People have spent their labor that they have not performed yet.  This is call buying on credit.  The economy is going through an adjustment.  People must work now and for years to come for purchases they have made years ago.  When buying stops to catch up with past purchases, the economy stops.

Lenders are forcing borrowers to work now for what they received in the past.  The borrowers are being cut off which will contract the economy until the future becomes less leveraged.       

One of the points in the book “A God-Made Millionaire”, is that money is labor.  Labor and money is interchangeable. 

General Motors must be allowed to crash.  This country was not founded on socialism.  If GM and the others in the auto industry fail, we can start over without unions and $85 an hour wages.  Why should every United States tax payer pay for such ridiculous wages.  This country was not founded on welfare.  It was founded on hard work and freedom, not free money. 

The plants and equipment will be sitting there for smart management to pick up for pennies on the dollar and run the auto industry right.       

Now that we know who our next President will be, many people might stop making pie and just eat their neighbor’s pie.  This will go on until the neighbors figure out what is going on