RightWingIt.com

America, come on now, this is no good. Stop playing Soviet. I want to be able to get a mortgage one day, and a car, and not have to pay 20 (or more) points on them either. Oh well, you older folks had to do it under Carter.

A real question. The dollar, its going to get killed by this, or no? Im thinking if they bail out the car cos, it will have a negative effect on the dollar (be worth less compared to other currencies) as they will depreciate it as a tool to sell cars internationally.
Plus who is going to want USDs when America is going the way of Zimbabwe?

They did under the pressure of $5.00 gas and pressure from Congress. The problem is this. The Democrat Administration and probably Democrat Controlled House & Senate (They will appoint Olympia Snow to a Cabinet post to move her seat over to Democrat control) hates all forms of energy other than wind, solar and pedal power.

They will make electric power to power the volt (the big problem in their risky scheme to convert the powering of America) so expensive that consumers will view the volt as the “Electric Hummer” so expensive to buy and drive no one….no one will buy it.

Couple this wik all the other “marketing” decisions they have made have doomed them. Dumping in another 25-50 billion of our money will only change the size of the bankruptcy. I for one even believe that in the end GM probably cannot be saved.

I also suspect that Democrats believe this too but owe the unions so heavily they will take our money to do so. This weeks exercise is only so that they can blame the eventual outcome on the “evil” Republicans. It is the same strategy they employ on every Socialist scheme they promote.

My question for you is this: will we be able to erase the damage the Dems are about to do? How will we un-nationalize everything, from auto to healthcare?

The Federal government could provide some tax incentives to get the public to purchase good mileage vehicles for a short period of time (1-2 years?).

Reduce the corporate tax rates and depreciation schedules to something that will provide quicker investment.

Then where plants that are closed due to consolidation of models use those facilities as business incubators with some state tax credits. GM could still own the the land and buildings for assets, and the facilities are put to work for local employment.

If the UAW is serious about helping its members then they can pay for retraining people to work at the incubators instead of watching movies. I’m sure the people would rather be working and productive anyway, from a pride point of view…

I think there is a way out of this, but it won’t be easy, and it will not be fast, but in the long run it could be profitable.

That’s what the game is about anyway.

And STOP giving away money….

Does anyone seriously believe that GM will use the bailout money to fix the company?

All it means is that the goverment is going to have to make the tough decisions (like cutting costs and that) which private enterprise should have already done.

And, of course, we all know how GOOD the government is at doing that sort of thing…

That is the biggest problem they have. If you cannot sell something perhaps you need to take a deep hard look at why.
And having bloated management, out of control advertising costs and the most uncompetitive labor contracts does not help.

And the REAL irony is that most Obama supporters probably don’t even own American cars!!!

So Obama will have to bail out a company that probably sells most of it’s products to Republicans.

Just say NO to anymore Bail-Outs

I worked at GMAC for five years and you wouldn’t believe how screwed up GM is. Their culture is pretty similar to that of the government. Above a certain management level, anyone who showed common sense, initiative, leadership, etc was hammered down or run out. I had a VP of sales for the whole division who had never been in sales before or in a customer’s office. Too often at GMAC I saw too many things that reminded me of Charles Dickens description of the French Aristocracy in A Tale of Two Cities: Too many people who are grossly not qualified for the jobs they held but were put in those jobs because they had been at GM for so long and they didn’t want to let them go.

Hell, our health care plan was just as good or better than the union’s, so much for union healthcare costs driving them in the ground when they gave better health care plans to the white collar guys at GMAC.

Bailing them out is a waste of time in their current state. All it means is that the goverment is going to have to make the tough decisions (like cutting costs and that) which private enterprise should have already done.

The closest thing I’ve found is the interstate commerce clause, and that doesn’t even come close to the idea of nationalizing industries.

Bottom line is that this whole bailout concept is unconstitutional. Or has the concept of “a living, breathing document” now come to mean “we make things up as we go along”?

Japanese automakers will look for help for their US plants in some form or fashion. Will it take aid to the Japanese plants in southern states to get some blue dog votes for the Detroit/UAW bailout?

Then we get another round by the summertime as gas prices start rising again on top of whatever the bad state of the economy is, not to even mention that people will have learned their promised tax cut is gone at best or has become a tax increase at worse. Who’ll be buying cars come next June/July?

Whatever happened to the business of “we need this $700B NOW for X purpose or the world will end” and then they spend almost none of it on what they said it was needed for? Is there any sort of actual PLAN in anyone’s head any more?

In the mean time I suspect we’ve had borderline folks quit making mortgage payments because they believed Obama and the Dems promises to cut down on foreclosures, so the stuff that used to be bad surely must be getting worse, even while we’ve ignored that to focus 24/7 on Detroit.

When will someone in Washington other than a small fraction of the GOP realize we need to stop the madness?