Our Day Will Come

Explains Martin Meenagh:

The New York Times and others have been involved in a bit of anti-Detroit mischief these past few days. Neoliberal and neoconservative ideologues everywhere are suddenly touting the collapse of British Leyland and the failure of government attempts to revive it in the 1970s as conclusive evidence that state intervention in the auto industry can never work.

The usual suspects are in play. Often, they were amongst the loudest supporting the rise in the US debt ceiling to nearly twelve trillion, the seven hundred billion bail-out of their coked-up gilded pals, and the four hundred billion British bail-out.

I have just two questions:

If the banking bail-out was right, why is helping a functioning industry that has in the past loaned billions to the US government, and which is mired in a cyclical downturn, possibly with incentives towards clean-car technology, wrong?

Why is a productive US sector being compared with a basket-case Britain that was suffering from poisonous industrial relations, stagflation, and economic decline by people who are otherwise hyper-Americans?

Seek and ye shall find. The name of the game at the minute is to hold hedge funds and banks together by all means possible, to spread panic about the coming deflation, and to characterise as mad any attempt to bring a little calm and sanity to the situation.

Well, all those who just wanted jobs in return for working hard, a level playing field, a decent society, a proper education, the chance to raise a family and worship their God, and a future not spent in hock to those who lie, cheat, and twist whilst pretending to be electorally representative need only remember one thing. Soon, comical parodies of the left will be replaced by the genuine determination of men and women from across the political spectrum who have had enough of this sort of thing.

Our Day Will Come.