Letters

Letters 02-08-2016

Less Ageism, Please The January 4 issue of this publication proved to me that there are some sensible voices of reason in our community regarding all things “inter-generational.” I offer a word of thanks to Elizabeth Myers. I too have worked hard for what I’ve earned throughout my years in the various positions I’ve held. While I too cannot speak for each millennial, brash generalizations about a lack of work ethic don’t sit well with me...Joe Connolly, Traverse City

Now That’s an Escalation I just read the letter from Greg and his defense of the AR15. The letter started with great information but then out of nowhere his opinion went off the rails. “The government wants total gun control and then confiscation; then the elimination of all Constitutional rights.” Wait... what?! To quote the great Ron Burgundy, “Well, that escalated quickly!”

Healthy Eating and Exercise for Children Healthy foods and exercise are important for children of all ages. It is important for children because it empowers them to do their best at school and be able to do their homework and study...

Mascots and Harsh Native American Truths The letter from the Choctaw lady deserves an answer. I have had a gutful of the whining about the fate of the American Indian. The American Indians were the losers in an imperial expansion; as such, they have, overall, fared much better than a lot of such losers throughout history. Everything the lady complains about in the way of what was done by the nasty, evil Whites was being done by Indians to other Indians long before Europeans arrived...

Snyder Must Go I believe it’s time. It’s time for Governor Snyder to go. The FBI, U.S. Postal Inspection Service and the EPA Criminal Investigation Division are now investigating the Flint water crisis that poisoned thousands of people. Governor Snyder signed the legislation that established the Emergency Manager law. Since its inception it has proven to be a dismal failure...

Erosion of Public Trust Let’s look at how we’ve been experiencing global warming. Between 1979 and 2013, increases in temperature and wind speeds along with more rain-free days have combined to stretch fire seasons worldwide by 20 percent. In the U.S., the fire seasons are 78 days longer than in the 1970s...

Home · Articles · News · Features · The auto industry‘s last...
. . . .

The auto industry‘s last stand

George Foster - November 24th, 2008
Let me get this straight.
President Bush and some legislators don’t want to loan the failing U.S. auto industry $25 billion to help it back on its feet? Not so long ago, the president was one of the first to plead with Americans taxpayers to fork over $700 billion to the banking industry with little accountability required by these Wall Street executives.
The administration is also quick to question the patriotism of any American who balks at his plans for funding the Iraq occupation. Conservative estimates ring up that conflict at $12 billion PER MONTH, $16 billion if you add in the Afghanistan War. Even though Americans were assured at the outset of the Baghdad invasion that Iraqi oil revenues would fund the war, U.S. taxpayers will pay (gulp) many trillions of dollars before our recent Middle East adventures are completed.
We are all suffering from bailout fatigue and I dispute the notion that we have an obligation to save failing companies and industries (we don’t). You have to admit, though, the auto industry may be the exception. No one is sure if the loan will solve the automakers’ problems, but it is worth a shot.
The $25 billion is a drop in the bucket compared to the way we’ve been burning money on bailouts. The proposed auto industry funding would be less than 4% of the money already set aside for Wall Street.
It must be disclosed that I am forever indebted to General Motors, where my father was employed for 44 years in Flint. Dad was always a blue-collar guy, but we never had to worry about how we would pay for our next meal or having a roof over our heads. Thanks to the UAW, G.M.’s fringe benefits plan has provided my parents with a comfortable retirement. G.M. also supplied me with several summer jobs, helping to fund my college education.
Yet, there is no room for sentimentality or partisanship in this crisis. Though General Motors has lost market share, it still sells more autos in this country than any other manufacturer. Respected industry reviews indicate that G.M., Ford, and Chrysler (the so-called Big Three) are manufacturing many quality cars. For those who complain that the U.S. car companies have focused too much on SUV’s and trucks - dude, gas-guzzlers are exactly what you and I and many American consumers wanted to buy until recently.
If the U.S. auto industry doesn’t survive, job losses would climb into the millions as a result of the ripple effect of the Big Three collapsing. If that happens, well... the resulting anarchy would likely be beyond comprehension.
Instead, we should look at this moment as an opportunity. The reeling auto industry, energy crisis, struggling U.S. economy, and national security concerns are all converging as top priorities, needing immediate attention.
Instead of thwarting U.S. automakers, our government should take the initiative to work with the Big Three to accelerate our conversion to mass transit, electric cars, and alternative forms of energy. Loans to the U.S. auto companies should be accompanied by government contracts to help transition our nation’s transportation system toward greener fuel sources.
In return, unlike the result of the Wall Street bailout, there should be sacrifices required for everyone. First, unreasonable auto executive bonuses and benefits would be eliminated. Vastly increased gas-mileage requirements would also be imposed on auto companies.
Blue-collar workers and the UAW would need to sacrifice some benefits in order to keep car prices competitive with Japanese models. Most importantly, a significant gasoline tax, similar to what many other countries use, would be imposed on consumers to encourage more energy conservation and provide funding for the new infrastructure conversion.
The result of government’s cooperation with the U.S. auto industry has phenomenal possibilities. Becoming less energy dependent on rogue nations such as Venezuela, Iran and Saudi Arabia for crude oil would improve American national security. Many thousands of new manufacturing jobs can be created and U.S. car companies will be saved in the process. Most importantly, Americans would be at the forefront of a monumental change in the world’s auto industry.
Though it is a calculated risk, we should support such a loan to automakers with strings attached. The upside is immeasurable.

 
  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
 
 

 

 
 
 
Close
Close
Close