Comments on: Detroit automakers’ rescue stalls in Senate

By: Howard in the American Bastille

Howard in the American Bastille — Fri, 21 Nov 2008 01:05:02 +0000

Cars can be made by Chinese slave labor, Federal Reserve Notes can only be made by American elitists who support Global Slavery. Therefore, let the auto manufacturers go overseas or belly up, it does not matter. But bailout, bailout and bailout again those Wall Street demons in business suits.

By: RealityBase

RealityBase — Fri, 21 Nov 2008 00:51:54 +0000

The NWO was pushing the bailout so they can profit/launder on the tax payers dime i.e. Savings and Loan crisis, plus a way to justify globalization of the money supply. Not the same forces at work with the automakers so they’ll probably just let them stumble. The main stream media seems to be setting things up like it’s not going to happen.

By: planning4acrash

planning4acrash — Fri, 21 Nov 2008 00:41:44 +0000

Deano, probably run by Goldman Sachs or China, or, maybe they are one and the same?!

By: Deano

Deano — Thu, 20 Nov 2008 23:16:21 +0000

Didnt most of the airlines declare bankruptacy and their still standing?

By: planning4acrash

planning4acrash — Thu, 20 Nov 2008 22:18:55 +0000

I meant to add, bailout money will get to them via Goldman Sach’s once they’ve shorted them, via equity swap, newspeak (read 1984 by Orwell) for hostile takeover. I’ll coin a phrase, its: Nationalisation via Public-Private Partnership, aka Mussolini style Corporate Fascism or Corporatism.

By: planning4acrash

planning4acrash — Thu, 20 Nov 2008 22:10:12 +0000

This, from Bob Chapman’s “The International Forecaster” to put the auto industry chaos in context: http://www.theinternationalfor.....stroyed_It

“The Plunge Protection Team has allowed (other countries) to artificially devalue their currencies to achieve unfair trade advantages so the Fed can hide the inflation it has caused through profligate growth of the money supply from the US sheople. The Chinese, Japanese and EU trade surpluses have also been created and fostered by the free trade, globalism, off-shoring, outsourcing, and both legal and illegal immigration agendas which have brought our auto industries to their knees and have sent our manufacturing industry and our good-paying jobs overseas.”

By: Alex ( not Jones)

Alex ( not Jones) — Thu, 20 Nov 2008 21:52:04 +0000

A bankruptcy of the Big 3 doesn’t mean they will have to stop making cars, in fact bankruptcy could be a blessing to them. They will have a chance to reorganize shed off the worst of the dead weight both management and union, and shoot all the MBA’s that got them into this mess to begin with.

Follow up with some strategic lawsuits against former managers and board members to get some of the billions in unearned bonus money back, and the Big 3 can be right back making great cars – which they really do if you look at them without prejudice.

By: Elliott

Elliott — Thu, 20 Nov 2008 19:37:36 +0000

There seems to be an overwhelming amount of negative coverage or opposing positions for this bail-out. Quite the opposite of the media coverage for the wall-street bailout. I realize that there are some minor differences between the two bail outs but the purpose is identical, stabilize the economy. Can anyone explain why the huge, but equally biased, difference in positions taken for these government interventions? Is it simply the owners of our media outlets stood to benefit more from the wall street bailout? I know this type of discussion is “conspiracy” oriented but there does seem to be a unanimous response to this automotive crisis. Let them fail, they say.
When you look at just the taxpayers cost for a failure of this industry; in terms of lost tax revenue, increased cost to the pension guarantee program and the absorption of all of the current and retires into public healthcare systems, failing to act does not seem like a very responsible choice.
In the case of Sen. Shelby, Alabama’s growth in state income since 1991 has come largely from the addition of foreign automotive companies investment. Although the size of that investment and the contribution of these foreign companies remain tiny compared to the domestic industry across the United States, at least I can understand his opposition to any assistance.
There is a tremendous effort to smear the domestic automakers with no effort from the media to correct the facts. Statements about fuel economy and product quality as well as concessions made by unions and corporation downsizing can all by verified if the media wanted to. The problem is the facts would support the claims made by the automotive companies. That is why no effort is made to correct the misstatements made.
It seems to me that all of this is very short sighted unless you take into account that the failure, even stretched across all of the associated industries supporting the big 3, will not really affect the media or Sen. Shelby.
After you clear you mind of the arguments about private jets and working for a $1 a year, which are meaningless to the question facing our elected leaders, you are left then with the clear choice of clinging to the idealism of “market Darwinism” or “free market capitalism” vs. pragmatic realism. Never mind the fact that “free market capitalism” is the reason we find ourselves here to begin with. Definition: Free market capitalism is market capitalism free of government involvement including regulation.
So before we ask the question about sticking to a philosophy that has led us to the brink of another depression (for the second time in 100 years), let me ask again: Why can we bail out wall street but it is unacceptable to bail out an industry?