The Next Bailout: Detroit

Detroit has had at least fifty years of warnings that its focus on large vehicles was a trip in the wrong direction. Hundreds of studies and dozens of books have been written telling of the coming energy shortage. Statistics on our falling domestic oil production have been readily available. A bail out now will not solve Detroit's problems, but will create a new problem of never-ending car company subsidies.

The big three failed themselves..Once we opened the US car market to the world..Any smart CEO and Union bosses should have anticpated decreased market share in the US..Most logical companies would have invested heavily in over seas market to make up for that loss..Instead the CEO's invested heavily in Large SUV of which we could not sell to the World..Realize most countries have been paying high gas prices for decades!
Our CEO's instead lobbyied congress(Michigan politicians) not to raise mileage standards because it would hurt their industry..What a joke..that is what killed the Big Three..again we could not sell these gas guzzler to the world.. The unions are also to blame...Instead of pushing for being paid overtime for working over 8 hours in a day or double time for working a weekend shift..They should have been using their money and power to hold senior management accountable to increasing market share around the world.. What a bunch of dumm idiots..They ran themselves right into the ground. Unions were good for America..they helped us all out..their biggest down fall is...they didn't change with time..Once they got a good job with benefits...they just kept pushing for more..Unions should now be making management accountable and getting bad CEO's fired...I currently believe the only US car maker who possibly can survive is GM. Chrysler is a joke and Ford's current management is failing miserbly..So to repeat myself..Michigan has itself to blame..The Unions, its politicians and senior management all dismissed the warning signs..Hell, this week asking for more money and pushing congress not to fine for meeting mileage standards.. Hell mileage standards is what brought them to non existence..they are so freaking stupid..

The big three failed themselves..Once we opened the US car market to the world..Any smart CEO and Union bosses should have anticpated decreased market share in the US..Most logical companies would have invested heavily in over seas market to make up for that loss..Instead the CEO's invested heavily in Large SUV of which we could not sell to the World..Realize most countries have been paying high gas prices for decades!
Our CEO's instead lobbyied congress(Michigan politicians) not to raise mileage standards because it would hurt their industry..What a joke..that is what killed the Big Three..again we could not sell these gas guzzler to the world.. The unions are also to blame...Instead of pushing for being paid overtime for working over 8 hours in a day or double time for working a weekend shift..They should have been using their money and power to hold senior management accountable to increasing market share around the world.. What a bunch of dumm idiots..They ran themselves right into the ground. Unions were good for America..they helped us all out..their biggest down fall is...they didn't change with time..Once they got a good job with benefits...they just kept pushing for more..Unions should now be making management accountable and getting bad CEO's fired...I currently believe the only US car maker who possibly can survive is GM. Chrysler is a joke and Ford's current management is failing miserbly..So to repeat myself..Michigan has itself to blame..The Unions, its politicians and senior management all dismissed the warning signs..Hell, this week asking for more money and pushing congress not to fine for meeting mileage standards.. Hell mileage standards is what brought them to non existence..they are so freaking stupid..

We can afford to bail out a bunch of greedy scammers who have brought the financial system to its knees with their gambling losses, but we can not afford to bail out the last bastion of manufacturing that exists in America because their executives were stupid? Detroit was chasing the money from big trucks, bigger SUVs, and the biggest financing profits. They were good at it, but nothing like the Wall Street boys who made ice cream out of *** and sold it all over the world as solid gold. Detroit pays for its stupid and short-sighted mistakes because they put their money where their mouth is. Wall Street puts their mouth where the money is. They love you, they like you, and then they leave you all on the first date. Detroit deserves help from the Government because they are real, they make stuff, and they live with their mistakes. Wall Streeet makes stuff up, calls it investing and then denies reality at every downturn. If I have a choice, my tax money goes to Detroit. Send the tax collectors to Wall Street; where they only tell the truth by accident. Trust Wall Street; the check is in the mail, and they won't bend you over unless you turn your back. Don't trust Detroit with money, they just represent a bunch of middle class sheep waiting to be sheared.

The Automakers cannot be allowed to fail... they are part of an ever dwindling industrial base which is in the national interest to maintain. That is one reason Chrysler was saved so many years ago. Even though people would rather stick their heads in the sand and pretend it doesn't matter, in time of conflict it isn't practical, or perhaps even possible, to buy your defense needs from someone overseas. Would victory in WWII been possible if we'd been forced to buy our equipment instead of produce it ourselves? I think not.

This Government is a disaster. Full of inept people void of any critical thinking. They bend to dieing Businesses cry for help while people live in tenet cities!
Someone needs to tell these clowns that when a Business has run it's corse or demise to let it die. When it dies 10 more pop up to take it's place with fresh new ideas and direction.
We shouldn't be bailing out any business that had the lack of vision and fortitude to survive their own mistakes.
Rewarding stupidness is dumb. And the one thing you can't fix is dumb!
Why should we as tax payers bail out any bank or auto or insurance company??
You think if your in trouble you would get bailed out for your stupidness?
Say you lost a lot on the stock market, is the government going to step in and say, "Tough Luck, Here is some money to get you back on your feet."? So you can invest it dumb again! I think not. So why should we bail out AIG? Bail out the Banks? They stuck money in oil stocks and watched it drop and lost their ars. They stuck their money in bad loans for housing. They were dumb and now they should be dead. Let someone else come in that can do it right and stop saving companies that don't deserve one plum nickle. Fact of Life people Businesses Die! And others are reborn from the ashes. The Government needs to keep our money out of it and stay out of the free market.

After 9/11 America leaned on GM, who offered a variety of financing to keep the economy going and spirits high. Pay it forward?

In the 70;s Toyota, Nissan and Honda were making fuel efficient vehicles; in the 80's Detroit
alctually was producing vehicles that were more efficient. Did Toyota Honda and Nissan stop with their R&D and say "we don't need to move forward with no technology our cars get good gas mileage......No....they did not, the developed hybrids, etc. meanwhile Detroit puts out a few SUB's and Wow everybody runs out and buys them; fine but why did Detroit stop
further R&D Now they lag behind and we are supposed to bail them out---If they had intelligent leadership they would have moved ahead and they wouldn't need a bailout and furthermore, their employees would still have jobs. Any good business person knows youi must reinvest and develop better products; what kind of idiots were running Detroit; unless they knew our tax dollars would bail them out, time after time. In fact per Newsweek, above,
the 10 ten vehicles that are most gas efficient are all made by foreign auto makers. Why is
that???? Surely we do have people wih the engineering skills to develop products to compete with those markets or did Detroit outsource those as well

I cannot think of a single reason to provide welfare to Detroit's big 3. They warnings have been clear since 1970 that Japan was intent on moving into the void left by Europe's failure to provide Americans cars they want. This coupled with the outsourcing of plants (MI FORDECITO HECHO EN MEJICO) and whatever the Canadian equivalent is..

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The bottom line is, in a global economy, everone is expendable. The world doesn't need American manufactured goods...ask China. In 1977 we imported 77% of our vital resources, today it is around 90%. Manufacturing is the engine that drives an economy...without exports we are only trading dollars here at home. A serviced based economy will fail, you have to have foreign money coming into our economy.

americans are pathetic. won't support their own industries, won't build new infrastructure in midst of crumbling nation, and don't have any vision or whereathal to do anything that matters anymore. sure keep the right-wing mentality and just tear down everything to keep things as it is. just like frogs staying in point when being boiled to death. enough already.

Congress needs to go back to working FULL TIME for their pay!! They need to WORK to get this country back on track!!!