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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3958 messages, Last post on Oct 02, 2009 at 4:52 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: kdhspyder (Dec 04, 2008 10:54 pm) Sorry, but blaming this all on Bush won't fly...this entire mess has been brewing for well over a decade, and some of its roots reach back to the Clinton administration. Congress got into the act, too - and both Republicans and Democrats were very happy to support the laws and policies that got us into this mess. The "blame everything on Bush" approach is far too simplistic...this mess has bipartisan roots.
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And that's today's creative writing exercise in the fiction category... |
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Replying to: grbeck (Dec 05, 2008 7:16 am)
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Wasn't it Bush that lead us to the war in Iraq which costs way more per month than any loan or money that the D3 could burn through. Not to mention the waste of American lives. Let's see the latest cost analysis put Iraq at $10B per month.
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Replying to: obyone (Dec 05, 2008 7:32 am) Lets get it back on track and talk about how the Committee pointed out yesterday that they understood that Ford really did not need to be there but were there in support of the competitors.  
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Should we let Dick Shelby vote on the Loans to the big three? His smug appearance in the Senate chambers will be a definite no vote due to the fact he thinks he will gain the most. He has given away hundreds of millions of dollars in free land, tax abatements, and infrastructure to Honda, Hyundai, Mercedes, Toyota. Why would he want to support anything American? He has already "turned redcoat" on Detroit and sold out This is entirely wrong and it shows a distinct lack of understanding on how this country was built from the very beginning. You actually are being un-American in suggesting that he should put the needs of the people of Michigan before his own constituents in AL. It's his sworn duty to protect and defend the Constitution of the US. The basic premise of the Constitution and thus our whole way of government is that it's a confederation of independent states which has delegated limited powers to the Federals. All other rights remain in the hands of the states. His state takes preference over your state. He has to do what serves his state the best. Now this is going to be hard to swallow. Most people in this country and thus most states don't care one whit about Detroit and/or Michigan and/or the D3. A goodly number of them want Detroit to die so that their own businesses get stronger. This is the basic tenet of our business model and it's why we fought the Cold War ... so that the rest of the world would accept they way we do things rather than the communistic way. Let him do his job for his people. If it kills Michigan, well then they bought it on themselves. Where's the Michigan delegation? No I don't live in Ala. I'm a NYer transplanted to NC. I don't have a side in this fight. And NO I say to the hoary phrase that 'what's good for GM is good for the country'. That may have been true 60 yrs ago but we've moved beyond that today. The country is too large and too diverse. GM is a small part of the national economy. |
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Replying to: anythngbutgm (Dec 05, 2008 5:38 am) |
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Replying to: gagrice (Dec 05, 2008 7:08 am) Don't know about Japan, but I don't think that German law outlaws foreign ownership. Nothing would stop you from buying a German business if you wanted to. Chances are that you wouldn't want to because Germany is an extremely expensive place to do business. (Look at the German companies that build factories in Alabama to get away from the high cost of manufacturing at home.) The only exception that comes to mind is Volkswagen, which enjoyed protected status under German law for many years & which is partly owned by the State of Lower Saxony. Anyway, if you're a hard-core free market capitalist like I am, you should be against any laws against foreign ownership. Would you like it if the State of California decreed that you could sell your house only to a native Californian? You'd be spitting mad, & rightfully so, because that would mean a lower price for you. Similarly, I should be free to sell my Ford shares to the highest bidder, no matter what his nationality. We Americans don't know the history of our own country, so we don't know that European money paid for the construction of our railroads in the middle & late 1800s, when the railroad industry was the biggest & most important part of the American economy. We also don't know that British & German investors owned big chunks of corporate America right up until WWI began in 1914. After that, they had to sell their shares to pay for the war. |
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Replying to: anythngbutgm (Dec 05, 2008 5:38 am)
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Replying to: grbeck (Dec 05, 2008 7:16 am) The reason that I typed 'Executive Branch' was not to smear Bush alone, although he deserves a good smearing, but also to extend it to the prior 'Executive Branch' as well. Greenspan was the saint of deregulation and Clinton's best friend for 8 yrs. It was Greenspan and Rubin and Phil Gramm who really started us down this path( Glass-Steagall repeal ) at the behest of their constituents on Wall Street. Congress is not the target here. The last two Executive Branches are.
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