Dear Virginia: Why Santa can’t bail out the auto industry
6 comments November 18th, 2008
Dear Virginia:
You’ve asked why can’t Santa bail out the auto industry.
Being such a smart 8-year-old, you already know that Santa has said he’ll bail out the banks.
So let me tell you the difference between the auto industry and the banking industry, and why Santa’s helpers (we call them “legislators”) are having a tough time giving a bag of money to carmakers.
It comes down to what the good little girls and boys in the United States are thinking.
The good little girls and boys can’t put a bad-man face on the banks, like they can with the Big Three automakers. There are just too many banks, all with somebody in charge, that are having trouble. And they don’t know those people like they know the name of Robert Lutz. He’s in charge at General Motors, the big American carmaker, and he used to be a big wig at Chrysler, the littlest of the U.S. carmakers.
Plus, while the good little girls and boys around here know that bank presidents make a lot of money, they know that the tellers and the clerks they see when they go to the bank don’t.
That’s different with the carmakers. Good little girls and boys who know someone who works at a car factory know they make a lot of money compared with what many of their other friends are making.
So, Santa’s helpers can’t very well tell all of us that they’re going to give money to your neighbor, who makes more money than your parents, but your parents aren’t going to get any.
That’s not fair, is it Virginia?

