Showing posts with label bankrupt. Show all posts
Showing posts with label bankrupt. Show all posts

Wednesday, December 10, 2008

The Auto Bailout is Strike Against Liberty

A Car Czar? Are you kidding me? Our government is actually holding the auto industry for ransom. They are telling them that if they want bailout money, they will have to let the government run them basically. Talk about nationalizing an entire industry.

This car czar as they call it, would get to approve or deny anything over $25 million in spending. That's right. The CEO's and Board of Directors would have to ask a government appointed official for permission before they spent a dime more than $25 million on anything.

Now understand this, it can cost a few billion dollars to develop a brand new vehcle. Yes you read that right. Billion. Developing cars to the specs and regulations that the government has mandated to begin with is not cheap. So if the car company wants to develop a new car, they will have to get the permission of the government first.

Now lets break this down. Car companies usually do extensive research in to what they think the public wants and is willing to buy. Obviously the big 3 US auto makers have been getting poor research of late for some kinds of cars and trucks but they still do their own research and in effect, the market pretty much dictates what Detroit makes.

This car czar will not have that information nor will he have to nor will he care. He can basically tell a car company you will have to develop and make this kind of car even if the public doesn't want to buy it. Now isn't that the reason Detroit is in trouble now? They are making too many cars that the buying public does not want to buy?

How about the fact that if the car czar doesn't like the restructuring of the car company, he can revoke their loans and funding and force the company into bankruptcy. How much power are we willing to give one person? Do you understand how many jobs are on the line? We are talking a few million between all three manufacturers. The auto industry employs millions of people and when a major car company has a sniffle, then the rest of the industry could catch a cold. Now you let these companies catch a cold and you got the makings of a flew epidemic in our nation. And Congress wants one man to see to the health of all of this? An unelected man at that.

Plus the fact that Nancy and the gang wanted to make all these loans conditional. The big three would have to drop their court battles over CA and other states emissions standards and such. So you see, the very people who brought us this financial debacle now wish to hold the country and its many private businesses hostage for their own gain.

Oh, don't worry, Nancy and the gang have their eye on the foreign car companies in our country too. They can't figure it out yet but they want to force those companies to somehow increase their labor cost to equal that of the Detroit three. Instead of looking for ways to help Detroit lower their cost, they want to raise the cost for others. There goes the incentive for innovation.

Congress is reaching far outside the limits of the Constitution and it affects me and you directly. You thought that the government would never be able to tell you what to drive didn't you? Well don't look now but our government is poised to be able to do just that. The main point is, will you want to pay for and drive what some in Congress want you to? I know I sure as hell don't and no I don't own an SUV.

But damn it all, this is the USA! If I want one and can afford one, I should be able to get one. Period.

Monday, November 3, 2008

Messiah to BANKRUPT an entire industry

Obama has said, in his own words, that his plans would bankrupt our coal industry. It would also skyrocket our electric and energy cost.



This is just outrageous. Why is all of this stuff just coming out now? Why has all of this stuff been hidden from us? I have a theory.

The main stream media has been in the tank for Obama since before Barack even hinted at running for President. I remember some in the media talking about how clean, how articulate, how smart this guy was and they dreamed of him running for president.

He was primed and pumped by the media to run. So he did run and the media protected him from day one. They gave him cover. The media did not vet this guy out. They refused to investigate his past and his beliefs. The media even refused to release information they have that is negative about Obama.

But now some of this stuff is starting to leak out. Why is this? Not to long ago we had Charlie Rose on his PBS show interviewing Dan Rather and they were both saying they did not "know anything about him (Obama)" How is this possible?

The press is beginning to distance themselves from this guy. They now understand, too late, that this guy is dangerous. But the main stream media cannot take him out now. They would look like the idiots they really are. We have had the middle and the right and even some on the left warn us about this guy but the media did not listen.

Now some of his policy preferences are coming to light and the press is getting nervous. Not to mention some of their own have been silenced by Obama. The press is starting to run from Obama. But in order to keep their credibility (what little they have left) they cannot turn on Obama now. After all they are responsible for putting him there.

So once this guy gets into office, they could find out that they made a horrible mistake. That even their own freedom to print and report what they want could be in danger. They understand that they also have to live in this nation no matter what else happens. They will end up paying the high taxes. They will end up having to pay those sky high energy cost.

And if energy cost rise, that means less of them with jobs. Now they are on the ropes and the media is looking for a way out. They are looking for a skapegoat. But they have only themselves to blame.

Now Barack will bankrupt a major US industry. We will pay sky high energy cost. Our taxes will rocket to the stratosphere. Our economy will tank and if you think this light recession is bad, wait until we get Jimmy Carter inflation and unemployment back. Then you will know pain. And so will those in the media. In fact some are quietly saying that an Obama recession would be worse than a Carter recession.

Is this what we really what we want for our nation?

By the way, you may ask when did Obama say these things? Back in January of 2008. JANUARY 2008. And we are just now hearing about it. And you don't think the main stream media is not in the tank for Obama? You better grow up fast. You have only a few hours.

Hey, freedom is not free but it doesn't have to come at the cost of an entire industry and Americans having to pay sky high electric rates.

Think about it folks.