Posted in Democratic Party, Election, Energy, Financial Crisis, Freedom, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Public Concerns, Republic, Revolution, Senate, Social Security & Medicare, Stock Market, TARP, The Federal Reserve, The Matrix, U.S. Government, congress, economy, pork barrel, taxation on Dec 23rd, 2008 3 Comments »
In regard to the auto bailout, comedian Jay Leno probably had the best line. He said, “Don’t you love watching congressmen lecture auto executives on how to run their business? I mean, you got people that put us a trillion dollars in debt lecturing people who put us a billion dollars in debt?” The trillion dollar figure, of course, is only a reference to the current projected federal deficit. It could get far larger.
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Posted in Democratic Party, Election, Financial Crisis, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Republic, Revolution, TARP, U.S. Government, congress, economy, taxation on Nov 18th, 2008 No Comments »
November 18th, 2008, Fairfax, VA –In a letter sent to top Congressional leadership today, ALG president Bill Wilson strongly urged Congress to reject the controversial taxpayer bailout for the U.S. automotive industry, specifically citing “union excesses” as a primary cause of the automotive collapse.
House Speaker Nancy Pelosi, House Republican Leader John Boehner, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, and President-Elect Barack Obama all received the letter regarding the potential bailout which Wilson has condemned as “a betrayal of the American taxpayer.”
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Posted in Democratic Party, Election, Energy, Financial Crisis, Global Warming and Climate Change, Income Taxes, Lobbyists / Special Interests, Republic, Senate, TARP, U.S. Government, congress, economy, taxation on Nov 17th, 2008 No Comments »
“Democrats are suggesting, however, an even more ambitious reason to nationalize [the auto industry]. Once the government owns Detroit, it can remake it.
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Posted in Democratic Party, Election, Financial Crisis, Freedom, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Republic, Senate, Stock Market, The Federal Reserve, U.S. Government, congress, economy, taxation on Nov 17th, 2008 1 Comment »
The whole reason the industry is failing is because of the obscene union contracts and legacy costs that inflate the cost of the vehicles, making them uncompetitive compared to foreign competition. Just simply doing business outside of Michigan could make the cars more affordable for consumers. Certainly scaling back is in order. All of the above can be addressed with a bankruptcy, and those arguing against bankruptcy are simply shills for Big Labor.
To answer the question, a sustainable auto industry will be one that is not so hampered by the cost of labor. It will be one that does not overproduce. It will be one that is profitable.
And it will be one that is not dependent upon federal welfare to stay afloat.
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