Thank You Bob Inglis!
December 8, 2008 by Gary Coats
Filed under SC Politics
Bob Inglis - South Carolina's Fourth Congressional District Representative.
I don’t get to say this often, but I would like to give many thanks to Congressman Bob Inglis.
Bob Inglis took steps today to show that he his listening to his constituents.
In an email to people in the district from the congressional office, Inglis shared that he would not be supporting the proposed auto industry rescue package (“bailout”, let’s be real).
He states that the industry needs cultural transformation and not just tinkering to get taxpayer bailout funds.
He goes on to state the following:
The proposed $25 billion auto industry rescue is aimed at a single industry. That industry is vital to America, but so was a robust textile industry. The things that ail the domestic car producers-archaic union work rules and unsustainable salary and benefit packages-don’t ail successful manufacturers like BMW. This crisis calls for all players to see it in their best interest to remake themselves into a wholly different industry and shed legacy costs and thinking. A prepackaged bankruptcy option may be the only way to cleanly break from the past.
If you don’t remember, the government watched that go to the pot with the free trade agreements and such in the early to mid 1990′s. We are lucky to still have Milliken, one of the largest privately held textile companies in the world employing, when I left, over 10,000 people.
I’m glad the Congressman is getting this one right. The airline industry has survived their bankruptcy rumblings (with some government help), the big three can go into bankruptcy and work out their problems too.
