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Sunday, May 31, 2009

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Mac

Just remember, the President is cleaning up Bush's mess. We are here today due to the bad economic decisions of the previous administration.

Parker Gor

We do not need Chrysler or GM, they need to go away because of their corrupt practices, bribes of elected officials to create situations that only benefit them and their "ownership" by the oil companies. There are 35 electric car companies that the US, British and Italian governments have been forcing to stall or go out of business since last year. These companies can more than save the auto industry, yet the politicians have been ordered by the lobby groups for oil and detroit to not give them their money, a task that would take 3 weeks in the worst case scenario. When they handed detroit bags of money without even asking any questions, almost overnight, and they have made the new car companies wait endlessly until they die from lack of funds, you KNOW they are trying to kill them off, ie: Tesla, Zap, Bright, Apterra, Venture Vehicles, Eco Vehicles, etc.

Parker Gor

KB

Mac: Just remember: Obama is President now, not Bush. He has to take responsibility for his own policies.

Miranda

I love the closing line on this one, but I wish it weren't true.

George Mason

Concentrating on the union contracts misses the central issue in the collapse of Chrysler and GM. That is CAFE standards that have forced American car makers to build cars they can't make money on. American car companies can make money building cars Americans want, SUV's, Pick-ups, MiniVans, and larger sedans (even working under current union contracts). Under CAFE for every SUV they build they have to build a small car or two they cannot make money on (labor costs aren't much different for a small car vs. a SUV). Now Obama, in a frightening display of economic incompetence, is going to kill off any chance of the American car companies recovering by increasing the CAFE. Hybrids are nice but the average American car buyer can't afford them. Short term Obama will burnish his green credentials and keep the UAW contributions coming in while he drives us slowly into poverty. By the way Bush had nothing to do with CAFE or union contracts, the drivers in this mess

Ron

People like Mac will blame W forever. Tell me Mac, how do you think that Bush caused the collapse of the US auto industry? Ready to put any blame on the unions?

Mac

Yes, I do blame the previous Administration. See, I did not conveniently forget the prior 8 years to Obama coming into the White House with all the hyper tax cuts while we had a war to fight and pay for.

Ron

And that has what to do with the auto industry? And do you actually know what happened to government revenues despite the "hyper" tax cuts?

redwing

Hey Mac

The hyper tax cuts actually increased revenue to the federal government. Why is it that you liberals can't get this through your head. Even JFK recognized that cutting taxes will increase revenue to the treasurery.

Mac

Yah, keep telling yourself that...increased revenue has to be backed up with decreased spending. The previous Administration did not do that now did they? Funny thing Redwing, you conveniently focused on one part of that issue, but, we all know that was not the complete picture and Bush supported the increased spending, ok...so I rest my case. LOL

KB

Mac: Your complaints about Bush make sense only from a conservative point of view, and indeed many conservatives think Bush was a disaster. The only difference in Obama's policy is the enormous magnitude of the deficits he is planning on. From about a half a trillion a year to almost two trillion, what you would you be saying about Bush if he had done as much?

Mac

All that I am saying is that our current President is doing his best to clean-up 8 years of economic incompetance that began with a surplus and ended in the hugest deficit in our history. Our President is facing the largest economic disaster of any prior Administration. It's not a simple task that you can solve on a political blog.

KB

Obama is planning making the deficit much larger, by factors of two to four, than "any prior Administration." How is that "cleaning up" eight years of economic incompetence?

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