thanks for correcting me.....yes, our childern's,
children...will be paying the VIG on that for a long time.....when
I hear some of Pelosi's plans my stomache turns....
As unemplyment grows in this recession, so will the tax receipts
the gov't will receive...what a wasteful last 8 years have been
with relatively low unemployment and low interest rates..
What I also can't figure out is why auto's are too big too
fail?? They've systematically let entire industries such as steel,
garment..etc fail in the name of free trade....meanwhile the US
worker has become more service oriented and complacent..what's next
a "bailout" for silicon valley....US needs new industry...
Autos are the might of American manufacturing. That is what won
WWII we could produce things faster than they could destroy them.
In this envoironment we could let Chrysler go but Ford and GM have
to hang around.
WWII was 70 years ago.....the might is gone...they build an
inferior product at an expensive price....they let airlines go
BK....the let steel mills go BK......the government can't fix
what's wrong with the Auto industry......start builing superior
cars at a cheaper price...and people will buy them.....JMHO
Posted by duke_and_duke on 5th of Nov 2008 at 10:11 am
"start builing superior cars at a cheaper price...and people
will buy them.....JMHO"
or inferior cars
- have read that Ford's European fuel-efficient models would do
well here, but they can't bring them to the US market because they
don't meet Gov't Regulations on Safety - interesting.
the "main" problem with the US car is perception....the resale
value stinks....If I give you a choice of buying two objects @ the
same price ...even if the quality is the same....and I tell you one
will be worth more a lot more than the other in 4 years..which one
will you choose??
The main problem with american car comapnies
is exemplified by GM - they had the best electric car
technoloy in the world and because of good old american hubris they
fought the CARB because they weren't going to be told what to do by
governement "gal damnit". So what did they do. They sold the
lithium battery patent to TEXACO who sat on it for years (good 'ol
efficent capitalism at work! - they never consire against the
consumer!) before the inventor Stanford R. Ovshinsky could come up
with a new version and this time keep it himself (see his company
symbol:ENER).
GM literally destroyed their market advantage by crushing every
one of their EV1's and destroying their R&D and selling it to
companies who would sit on it and not bring it to market (on
purpose!)
GM like all the US manufacturers self destructed because of a
corpoate culture that has existed in this country since the
depression. It is a short sighted bonus driven profits above all
else view that creates junk.
Only wwII and the mass employment need of the war change that
corupt culture.
But our industrial base was eroding in the 1960's anyway before
any jobs were sent overseas. The steel industry was in shambles,
car manufacturers where under assult from imports, we switched from
being the worlds creditor to being the world's debtor and that's
why Nixon took us off the gold standard.
Only wwII and the mass employment need of the war change that
corupt culture.
American corporate culture needs to be revisited if our economy
is to be rebuilt.Most EV1 engineers went to Telsa Motors - Check it
out. They are building an amazing car.
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thanks for correcting me.....yes, our
Secret Budget Deficit
Posted by dylan398 on 5th of Nov 2008 at 08:51 am
thanks for correcting me.....yes, our childern's, children...will be paying the VIG on that for a long time.....when I hear some of Pelosi's plans my stomache turns....
As unemplyment grows in this recession, so will the tax receipts the gov't will receive...what a wasteful last 8 years have been with relatively low unemployment and low interest rates..
What I also can't figure out is why auto's are too big too fail?? They've systematically let entire industries such as steel, garment..etc fail in the name of free trade....meanwhile the US worker has become more service oriented and complacent..what's next a "bailout" for silicon valley....US needs new industry...
dylan: Autos are the might of
Posted by paige386 on 5th of Nov 2008 at 09:20 am
dylan:
Autos are the might of American manufacturing. That is what won WWII we could produce things faster than they could destroy them. In this envoironment we could let Chrysler go but Ford and GM have to hang around.
WWII was 70 years ago.....the
Posted by dylan398 on 5th of Nov 2008 at 09:44 am
WWII was 70 years ago.....the might is gone...they build an inferior product at an expensive price....they let airlines go BK....the let steel mills go BK......the government can't fix what's wrong with the Auto industry......start builing superior cars at a cheaper price...and people will buy them.....JMHO
"start builing superior cars at
Posted by duke_and_duke on 5th of Nov 2008 at 10:11 am
"start builing superior cars at a cheaper price...and people will buy them.....JMHO"
or inferior cars
- have read that Ford's European fuel-efficient models would do well here, but they can't bring them to the US market because they don't meet Gov't Regulations on Safety - interesting.
the "main" problem with the
Posted by dylan398 on 5th of Nov 2008 at 10:14 am
the "main" problem with the US car is perception....the resale value stinks....If I give you a choice of buying two objects @ the same price ...even if the quality is the same....and I tell you one will be worth more a lot more than the other in 4 years..which one will you choose??
ener
Posted by harold on 5th of Nov 2008 at 11:35 am
The main problem with american car comapnies is exemplified by GM - they had the best electric car technoloy in the world and because of good old american hubris they fought the CARB because they weren't going to be told what to do by governement "gal damnit". So what did they do. They sold the lithium battery patent to TEXACO who sat on it for years (good 'ol efficent capitalism at work! - they never consire against the consumer!) before the inventor Stanford R. Ovshinsky could come up with a new version and this time keep it himself (see his company symbol:ENER).
GM literally destroyed their market advantage by crushing every one of their EV1's and destroying their R&D and selling it to companies who would sit on it and not bring it to market (on purpose!)
GM like all the US manufacturers self destructed because of a corpoate culture that has existed in this country since the depression. It is a short sighted bonus driven profits above all else view that creates junk.
Only wwII and the mass employment need of the war change that corupt culture.
But our industrial base was eroding in the 1960's anyway before any jobs were sent overseas. The steel industry was in shambles, car manufacturers where under assult from imports, we switched from being the worlds creditor to being the world's debtor and that's why Nixon took us off the gold standard.
Only wwII and the mass employment need of the war change that corupt culture.
American corporate culture needs to be revisited if our economy is to be rebuilt.Most EV1 engineers went to Telsa Motors - Check it out. They are building an amazing car.