Republicans Taking A Stand Against Detroit Bailout?

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Payprophy of AL 2:09AM April 08, 2010

Ford buys shares in Mazda; Ford sells shares in Mazda.

BMW bought British automaker Rover; BMW sold British automaker Rover.

Daimler-Benz bought Chrysler; Daimler-Benz sold Chrysler.

Wake up, people. Hello! Hello! Do you see a pattern here?

WHY WOULD SUPPOSEDLY INTELLIGENT EXECUTIVES MAKE SUCH DUMB ACQUISITIONS ONLY TO SELL THEM A FEW YEARS LATER?

(Answer: Because they were just following orders)

Jeffrey W. Bowyer of NE 8:46AM November 18, 2008

I say no to bailout and yes to restructure. The UAW has ruined the car industry. I have relatives and friends that make more money being laid off than I do working. They absolutely get 90% of their wages when they are laid off. If you get their wages in line with the rest of the American workforce and when you are laid off draw unemployment like the rest of the work.

The retired force is a joke.

If they could restructure the waste that the union people say they deserve maybe they wouldn't be in trouble

Linda In Indiana of IN 6:53AM November 16, 2008

I think that all these bailouts are a joke. Why should we spend our money to bailout the companies that screwed us and will continue to do so?! The automotive industry does create millions of jobs for people, so I'm more in favor of that one than the lending institutions bailout. I personally think that is a joke.

These are people that lied, stole and cheated their way to get to position they're in now. They told people they could afford houses that were so far from their price-range and then stole their homes when they couldn't make the payments they knew they'd never be able to make in the first place.

We need to let some of these companies go under so that we can weed out the bad ones from the good ones.

If we're truely going to "change", then we need to begin by helping the people. If you dispursed the money that we're spending in this bailout to everyone over the age of 18yrs. and had guidelines, obviously giving families more than singles, everyone would be able to pay their bills and start spending again, thereby relieving everyone's economic crunch.

I definately think we need to dispurse some of this money into small businesses though.

Amanda of WI 9:02PM November 15, 2008

Imagine one solution that would revitalize Detroit and the larger economy, create

thousands of new jobs, largely eliminate the need for foreign oil, drastically reduce

green house gases, and greatly improve the U.S. transportation infrastructure. This

sounds too good to be true, but all that’s lacking is political willpower. We have

the ability to solve many of our problems in one fell swoop, what we need is the

political leadership to make it happen.

How can such progress be achieved? It can by realized by constructing networks of

Personal Rapid Transit (PRT) systems in major cities in the U.S. PRT is a public

transportation concept that offers on-demand, non-stop transportation, using small,

independent vehicles on a network of specially-built guideways (source Wikipedia).

The guideways would be built throughout a city, and are sufficiently small to have

stations within office buildings. A passenger would walk to a PRT station and enter

a waiting vehicle. The passenger would select the destination (much like using a

GPS in current autos) and sit down for a relaxing trip. The vehicle would be automatically

driven and routed to the passenger’s destination. The electric vehicles use no oil,

have no pollution. PRT systems have been studied in the U.S. and throughout the

world for decades. A pilot project (ULTra) is currently under construction at London

Heathrow Airport and will be operational in 2009. Two other PRT systems have been

planned: one in Masdar City, Abu Dhabi, UAE with a completion date of 2011; another

in Daventry, Northamptonshire, UK with a completion date of 2012.

Instead of bailing out Detroit with millions of dollars to produce products that

fail to be competitive, Detroit would be retooled to build vehicles for PRT systems.

They would be building vehicles for the future. The construction of the guideways

throughout the U.S. would create thousands of new jobs. The operation and maintenance

of the PRT systems would likewise create many new jobs. Electric power for the PRT

systems would be provided by new wind, solar, nuclear, or clean-coal power plants

– more jobs. The dependence on foreign oil would be drastically reduced as millions

of cars would be removed from the roadways. The savings in foreign oil expenditures

would be billions of dollars per year. Pollution would also be greatly reduced by

removing the cars. Of course the transportation infrastructure would be significantly

upgraded.

All that’s needed is for a major political leader to enthusiastically champion the

building of PRT. Imagine defining a mission statement as JFK did for the moon landing.

A statement such as “Our goal is to transport most employees in a clean, safe, personal

vehicle to and from work in half the current traveling time and at one-tenth the

current cost, and to do so by our country’s 250 birthday.”

Harry Webb of CA 1:10PM November 15, 2008

Don't Republicans always favor breaks for big business? On this they sound more like Democrats.

HillbillyBill of TN 6:54AM November 14, 2008

Republicans started acting like Republicans

Larry of CA 6:56PM November 13, 2008

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Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

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