Hi. We need the auto industry so we can become energy independent. The new goals for cars are obvious and include being fuel flexible and more efficient. In fact, Obama's wrote a letter to the auto industry outlining what goals he thought they should strive to achieve two years ago. So... We DO know what we want from our cars, regardless of whether or not we are engineers.
Also, what is your alternative for what these folks will do for work? They will have to be retrained. If they are retrained it will be to work in jobs creating energy independence, like building the cars of the future, which they already can do, so... let's get started already!
Isn't that, taken to it's extreme logical conclusion, what is being discussed regarding our 401k plans?
The government will take them over, choose the manner in which the funds will be "invested" and when we are permitted to retire, they will give us what they believe they are worth......which will be the equivalent of a spider......
Are you sure David isn't an advisor to the Obama transition team?
As was demonstrated conclusively in 1978, in the course of a six month total bank strike in Ireland, money supply is the sum of whatever will be accepted in settlement of transactions. Credit is what you are offered for settling transactions on the basis of your expectations. Meaningful measureas of both these totals are therefore elusive. (These facts are also the principal reason why the elastic in the link between expansion of the monetray base and rises in the general level of prices is so amply and variably stretchable; something we should be very thankful for given the moneys that the world's central banks have pumped in recently).
If accepted, the spider drawing is part of money supply. If not, not.
There are two great op-eds in the Times about why saving the auto-industry is a must:
Some highlights:
1. 1 in every 10 jobs in this country are supported by the auto-industry. This isn't a rust-best problem, this is a national problem. Let this industry fail, and you will likely see a domino effect that threatens to destroy this country's financial security.
2. We need fuel efficient and flexible cars to achieve energy independence. If this country attaches rules to its buyout, we can start solving our energy problems today.
There will surely be cascading effects in the economy if the Big Three go bankrupt. But one of out every ten jobs is directly tied to this industry? No way. A Taxpayer investment in the big three will just prolong the inevitable. It would be better for them to go bankrupt, restructure, and who knows, maybe even become profitable again.
Bankruptcy will allow them to get out of their union contracts which are killing them. When they can't sell cars they can no longer pay pensions for a guy that used to turn a screw 10 years ago for $45 an hour. Those days are gone.
Hi. We need the auto industry so we can become energy independent. The new goals for cars are obvious and include being fuel flexible and more efficient. In fact, Obama's wrote a letter to the auto industry outlining what goals he thought they should strive to achieve two years ago. So... We DO know what we want from our cars, regardless of whether or not we are engineers.
Also, what is your alternative for what these folks will do for work? They will have to be retrained. If they are retrained it will be to work in jobs creating energy independence, like building the cars of the future, which they already can do, so... let's get started already!
Isn't that, taken to it's extreme logical conclusion, what is being discussed regarding our 401k plans?
The government will take them over, choose the manner in which the funds will be "invested" and when we are permitted to retire, they will give us what they believe they are worth......which will be the equivalent of a spider......
Are you sure David isn't an advisor to the Obama transition team?
As was demonstrated conclusively in 1978, in the course of a six month total bank strike in Ireland, money supply is the sum of whatever will be accepted in settlement of transactions. Credit is what you are offered for settling transactions on the basis of your expectations. Meaningful measureas of both these totals are therefore elusive. (These facts are also the principal reason why the elastic in the link between expansion of the monetray base and rises in the general level of prices is so amply and variably stretchable; something we should be very thankful for given the moneys that the world's central banks have pumped in recently).
If accepted, the spider drawing is part of money supply. If not, not.
There are two great op-eds in the Times about why saving the auto-industry is a must:
Some highlights:
1. 1 in every 10 jobs in this country are supported by the auto-industry. This isn't a rust-best problem, this is a national problem. Let this industry fail, and you will likely see a domino effect that threatens to destroy this country's financial security.
2. We need fuel efficient and flexible cars to achieve energy independence. If this country attaches rules to its buyout, we can start solving our energy problems today.
http://www.nytimes.com/2008/11/15/opinion/15herbert.html?ref=opinion
http://www.nytimes.com/2008/11/15/opinion/15sat1.html?ref=opinion
Teh spider Drawring is funney!!!! hee hee!
There will surely be cascading effects in the economy if the Big Three go bankrupt. But one of out every ten jobs is directly tied to this industry? No way. A Taxpayer investment in the big three will just prolong the inevitable. It would be better for them to go bankrupt, restructure, and who knows, maybe even become profitable again.
I meant prolong the inevitable; excuse the inadequate HTML skills!
Bankruptcy will allow them to get out of their union contracts which are killing them. When they can't sell cars they can no longer pay pensions for a guy that used to turn a screw 10 years ago for $45 an hour. Those days are gone.