|OPINION AND COMMENT By Bob Weaver|
It mostly happened while you were sleeping.
The financial collapse of the big three automakers is the end-game of America's financial wizards and Washington politicians, their economic plan to globalize the US economy.
We have been told it is good for America.
Virtually everything that American workers and industry once produced, has gone abroad.
We are now a consumer country.
The political outrage by Congress, having long been on board with with the Big Three and big oil, is mostly to save face.
The reality question should be: Why aren't we letting the auto industry go down like everything else?
For some reason, wishful thinking American's want to believe that the middle-class, once mostly composed of blue-collar workers, still has a chance.
That part of the American dream, decent wages, good benefits with retirement programs - gone, gone, gone.
The fast track, free trade, the globalized market, has been snowballing since Ronald Regan became president, supported by both Democrats and Republicans.
Most Americans have already been flattened by the globalized economy, with multi-millions of jobs gone to cheap foreign labor.
Now we're in what is likely America's wost downturn since the Great Depression.
Politicians are a little scared now, worried that reality will set in, although southern Republicans are not mincing their positions.
They are sorrowfully blaming American workers, their confidence bolstered by numerous foreign auto plants in their states, having received $3 billion dollars from the feds to locate in the USA, in addition to millions of taxpayer breaks issued by the states.