Letters

Letters 09-26-2016

Welcome To 1984 The Democrat Party, the government education complex, private corporations and foundations, the news media and the allpervasive sports and entertainment industry have incrementally repressed the foundational right of We the People to publicly debate open borders, forced immigration, sanctuary cities and the calamitous destruction of innate gender norms...

Grow Up, Kachadurian Apparently Tom Kachadurian has great words; too bad they make little sense. His Sept. 19 editorial highlights his prevalent beliefs that only Hillary and the Dems are engaged in namecalling and polarizing actions. Huh? What rock does he live under up on Old Mission...

Facts MatterThomas Kachadurian’s “In the Basket” opinion deliberately chooses to twist what Clinton said. He chooses to argue that her basket lumped all into the clearly despicable categories of the racist, sexist, homophobic , etc. segments of the alt right...

Turn Off Fox, Kachadurian I read Thomas Kachadurian’s opinion letter in last week’s issue. It seemed this opinion was the product of someone who offered nothing but what anyone could hear 24/7/365 on Fox News; a one-sided slime job that has been done better by Fox than this writer every day of the year...

Let’s Fix This Political Process Enough! We have been embroiled in the current election cycle for…well, over a year, or is it almost two? What is the benefit of this insanity? Exorbitant amounts of money are spent, candidates are under the microscope day and night, the media – now in action 24/7 – focuses on anything and everything anyone does, and then analyzes until the next event, and on it goes...

Can’t Cut Taxes 

We are in a different place today. The slogan, “Making America Great Again” begs the questions, “great for whom?” and “when was it great?” I have claimed my generation has lived in a bubble since WWII, which has offered a prosperity for a majority of the people. The bubble has burst over the last few decades. The jobs which provided a good living for people without a college degree are vanishing. Unions, which looked out for the welfare of employees, have been shrinking. Businesses have sought to produce goods where labor is not expensive...

Wrong About Clinton In response to Thomas Kachadurian’s column, I have to take issue with many of his points. First, his remarks about Ms. Clinton’s statement regarding Trump supporters was misleading. She was referring to a large segment of his supporters, not all. And the sad fact is that her statement was not a “smug notion.” Rather, it was the sad truth, as witnessed by the large turnout of new voters in the primaries and the ugly incidents at so many of his rallies...

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

 
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