Posted on 11/18/2008 9:08:55 PM PST by MittFan08
IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It wont go overnight, but its demise will be virtually guaranteed.
Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.
(Excerpt) Read more at nytimes.com ...
Great article by Mitt and much agreed.
Mark my words: Mitt Romney’s hacks have pretty much completed their takeover of the Republican Party, and the big supposedly “conservative” institutions that surround it.
Amazing when you realize his most unhinged sycophants were from his religion. You’d think it was a wake-up call that he has no use for anything or anyone that doesn’t expand his power or inflate his galactic-sized ego and megalomania. He doesn’t give a damn about the issues. It’s all about him.
"Any man who asks for greater authority
does not deserve to have it"
Naah. We’ve got a lot more folks wide awake on this guy’s schtick. We took him down once, and I’m damn proud about that, and we’ll do it again if necessary.
You know, I might wish Mitt had been more conservative on my issues, but frankly it probably wasn't possible to do that and be an effective governor in Mass. But Alaska is arguably the most conservative state in the Union. And there is simply no excuse for Sarah cow-tauing to Dems here--other than personal aggrandizing--and to kiss-up to our liberal media. I've met Sarah and have a number of friends in the legislature. I have a good idea of her capabilities. I wasn't the least bit surprised when she came out for amnesty. wereyou? (Are you for amnesty?) It was perfectly in character. And perfectly without thought or reflection. Sarah is a national joke for a reason. We need to get real around here and Sarah isn't real.
Nope. He was proposing more state support for basic research and development in automotive engineering.
Supporting basic research in science and engineering is a legimitate role for the state under most any conservative political philosophy.
Not possible for Slick Willard to be a Conservative Governor, huh ? Yet even-more-Dem Rhode Island has one. Ole Slick wasn’t interested in being a Conservative, and he wasn’t much interested in being Governor. He was biding his time until he could be President. Our version of an empty-suited False (RINO) Messiah.
And, of course, you can throw in some nice potshots at Gov. Palin. You have the stench of one of Slick Willard’s paid agents.
I’m not for amnesty - but I also don’t think you can round everyone up in one foul swoop and dump them off. They should come in the right way and pay taxes etc. if they want to still come in given that stipulation. I think that part of the reason she had to go along w/ certian things was cuz she was not the lead on the ticket so I will reserve judgement. I guess I’m just curious as to why her approval rating was above 80% if she is just that dumb? This was before she was tapped to be VP so it wasn’t that long ago either.
Actually, that's not true. Chapter 11 is all about restructuring troubled companies that are still valuable as going concerns so that they can emerge and operate on a profitable basis.
Are you an anarchist?
Facilitating orderly renegotiation of contracts in troubled companies is one the few legitimate roles for the state under just about any conservative political philosophy. Normally this is done by bankruptcy courts, organs of the state, but in especially large cases of restructuring there is no reason why a president can't help to act as a mediator.
As to the taxpayer money he promised, it was supposed to go to basic R&D, which again is a legitimate use of taxpayer money under just about any conservative political philosophy.
It's not an accident that government funding for basic scientific and engineering research tends to be higher under Republican administrations.
Well,it's starting--or it actually stated when FR went head over heels for McCain. We have to have amnesty even though the enforcement and attrition seems to work. We are all liberals now. Even FR.
You want to know how to get 80 percent approval (which is a fiction, btw) 1) be a Republican, 2) kiss up to Dems and their program, 3) kiss up to the liberal media, and 4) be a babe. It worked for Sarah in Alaska. No need for any complicated policy wonkishness. I expect without the Dems and media on her bandwagon, her ratings here are way down now. I wouldn't be surprised if she didn't run for re-election.
No one is perfectly “Pure.” I like Palin and I think she’d be a good Pres. That being said, I think the most purely Conservative (mind you not perfectly pure) Republicans in the country right now come from S.C in Demint (I don’t think he’d run for the presidency) and Gov. Sanford (who might).
The only way to save the domestic auto industry is to put it through Chapter 11.
You seem to be under the mistaken impression that bankruptcy means the end of a company. That's not true. The whole point of Chapter 11 is to restructure a company and free it from its debt and other liability burden so that it can emerge as a profitable going concern.
There's no way the US auto makers can start operating on a profitable basis until their union contracts are scrapped, their pension obligations canceled, their debt is converted to equity, and their unproductive assets sold off so that they can focus on those parts of their business that actually will be able to generate positive returns. The only way any of this can happen is with Chapter 11.
Okey-dokey then.
Don’t say I didn’t warn you...
Nonsense. The way to save the domestic auto industry
is to:
1) encourage and support,
and bail out if necessary, entrepreneurs doing R&D
who make state of the art technologies for new types
of alternative energy cars, conveyance devices, and
energy storage.
2) lower taxes for anyone who uses American workers,
so as to bring off shore companies back, and to help
jump start #1.
FACT: Toyota builds cars in America and is not looking
for a bailout, is it?
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