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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3929 messages, Last post on May 30, 2009 at 6:59 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: tired_old_dave (Nov 22, 2008 12:39 pm)
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Replying to: bpraxis (Nov 22, 2008 11:15 am) |
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Thankyou so much Ga Grice for all of you work and wonderful instructive creativity. I am still laughing from your fantastic post, To jpf re post number 707. My suggestion is not that our manufacturing industry would disappear but would be reallocated to more competent hands in the form of bankruptcy. We have many very successful manufacturing companies such as: 1. Deere and co. 2. Catepiller 3. Cummings 4. Emerson Etc. Etc. Unfortunately we have the second highest corporate tax rate in the world at 39 percent. Combined with various state tax it is the highest. So if we want more manufacturing companies to locate in the US we must be competitive from a tax standpoint. Some former communist countries have corporate tax rates as low as 12.5% So if you and I want to build a manufacturing plant, how can we compete with companies domiciled in Hong Kong, Ireland, Russia, Panama etc? The end game of bailing out or socialism is bankruptcy which would not put us in a position of military strength. One possible solution is FairTax.org which could make the US a Super Nova of prosperity. |
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Replying to: pf_flyer (Nov 19, 2008 12:49 pm) Simple, the management of the big 3 have to approve the contract for the UAW. What you pay your employees is the responsibility of management. If you agree to overpay your employees and give them unreasonable benefits, you can't blame them for you losing money. You agreed to the terms. The buck stops with the CEO which is why they were getting grilled and why Rick Wagoner needs to go. |
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Replying to: manegi (Nov 22, 2008 12:23 pm) Our companies are competing with Countries. Currency manipulation, uneven trade policies and looser labor rules undermine the U.S. You cannot hold American companies to costly standards and then allow other countries to dump product on your market while they set up barriers to U.S. products in their own markets. I don't care that you live in Japan or about the sermons that the U.S. gave. The bottom line is that countries compete with the U.S. because we make it easy for them to undercut our industries. For you to insinuate that the U.S. cannot compete is maddening and just wrong. No company can compete with countries. The U.S. Government needs to grow a set and level the playing field. And don't talk about the U.S. bailing out industry when Japan in #1 when it comes to corporate welfare. Talk about the pot calling the kettle black.
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Replying to: steve_ (Nov 22, 2008 3:03 pm) Maybe your neighbor has the anvil, and your other neighbors... Better Half and I were offered to live in a cooler red state decades ago because of our organic food interests... |
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Just got the early edition of the Fort Worth Star-Telegram and Ed's Column is titled "The Bailout". Not available yet on the paper's website (maybe tomorrow) so the following link is for the last column, which was also linked in a Hummer post. "It's Hammer Time" http://www.star-telegram.com/ed_wallace/story/1040507.html
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Replying to: tired_old_dave (Nov 22, 2008 9:23 pm) Hammer This habit of misinforming us is hardly new. Early this year, all of the so-called experts were being quoted daily saying that the primary cause justifying crude’s ever-higher prices was oil supply problems. But that just didn’t align with facts that anyone could easily find: Oil was plentiful – while demand was falling worldwide. I don't agree with all he says. He does point out some interesting facts that are left out of mainstream reporting. |
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Replying to: tired_old_dave (Nov 22, 2008 12:39 pm) My very first job out of college (going back 20+ years) was doing computer programming for the local Fisher Body plant. Pretty rudimentary stuff compared to the sophistication of robotic car building today. Anyway, we stamped and formed body panels and "T-tops" for the then Monte Carlo, Grand Prix, Camaro/Firebird, and made sunroofs for Cadillacs...as well as sundry little connectors and pieces to bolt the panels to the frames. All those panels were then shipped about 20 minutes away to an assembly plant, which turned out finished Camaros and Firebirds (and to other assembly plants for Montes/Grand Prix and Cadillacs). Those plants are long gone. The idea of quality "Body by Fisher" lost its luster. They're little more than a memory, now.
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Replying to: graphicguy (Nov 23, 2008 8:30 am)
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