Re: Alabama senators out to kill detroit for foreign owned companies


"SimRacer" <simracer68NO@xxxxxxxxxxxxx> wrote in message
news:rgd3k4l8ghh48s8ujrmu4omf3to0p8eifo@xxxxxxxxxx
On Wed, 10 Dec 2008 12:16:43 -0500, "Raymond O'Hara"
<raymond-ohara@xxxxxxxxxxx> wrote:

Alabama's two seanators are trying to kill off detroit to help the foreign
auto-makers
Alabama has several foreign auto-makers there.
M-B, toyota, hyundai among them
Alabama gave these foreign companies all kinds of sweetheart deals, free
land, tax breaks all with tax payer money
and now they want to kill the domestic comnpetition.

these same assholes voted to give the banks all the money they wanted no
strings attached.

way to go republican assholes. that's putting america first.


Eh. Detroit simply built what most people wanted...which were NOT
small econoboxes with hamster wheels under the hood. Can't lay all of
this on their doorstep alone:

Big gub'mint comes along, after buying into the whole "man-made
climate change" crap and brought about CAFE.

CAFE means a total rework, in most cases, of the direction that car
maker's go with their future designs. These new designs and the
tooling to make them cost money. This future expenditure was a ***
in the armor...but it gets worse...

Unions also cost a lot of money. They've driven labor costs up so in
the US that hardly any company that primarily employs legal US
citizens can meet or exceed their revenue goals. The "union cost"
attached to EVERY SINGLE US built car is upwards of $3000. Are there
unions in Japan or Germany? Not sure, but don't think so myself...If
there aren't, and their cars are "that much better", then wouldn't we
start looking at WHY by examining the DIFFERENCES? Non-union labor is
that big difference IMO.

Then, here in the US, the housing markets stalls. Then backslides.
Then all but crashes...driven by the Community Reinvestment Act that
forces banks to avoid "red lining" by actually going out and purposely
lending money to people very, very unlikely to be able to pay off the
entire loan...And folks, the CRA was brought to you by Jimmy Carter
(D). And propped up in 1992 by Clinton (D) (The Federal Housing
Enterprises Financial Safety and Soundness Act of 1992 - which among
other things says this: "established HUD-imposed housing goals for
financing of affordable housing and housing in central cities and
other rural and underserved areas.") Call it what you will, to me it
sounds like "housing affirmative action". And it was insured by former
federal agencies, that were later then made private corporations, but
had grown so large that if they failed, the federal government was
going to have to intervene. (Fannie and Freddie hold or insure nearly
$6 trillion in home loans - there are about $13 trillion in US home
loans in TOTAL)

Once cracks in the dam were spotted in the system (foreclosure actions
climb steadily from 1995-today), numerous government officials came to
the defense of 2 of the primary offenders FNMA ("Fannie Mae" or
Federal National Mortgage Association) and FHLMC ("Freddie Mac" or
Federal Home Loan Mortgage Corporation). And lessee, the defenders of
them were, among others, Barney Frank (D) and Chris Dodd (D). Frank
even questioned the continued need for the oversight body (OFHEO) as
recently as 2006 - "There's nothing to see here, nothing wrong at
Fannie and Freddie" I think his words were.

Blaming this on republicans is short-sighted and ill-informed IMO.
Detroit didn't cause this *entirely* by themselves, the current
economic state we're in is a big helper in their woes. You want to
blame this on someone, fine, the list is long. But it is hardly made
up entirely of ANY one political party - and isn't entirely to blame
on the "Big 3" either. The housing and credit "crunch", compounded by
rampant speculation driving oil up are what pushed this snowball off
the hill. That unions keep car makers over here on the brink was
simply a coincidence - the timing couldn't have been more perfectly
tragic for the Big 3.

That a few Republican senators are standing up against this simply
means that enough is enough (where to the bailouts end?), and it is
time to return to their core value and belief systems - those that
presumably got them each elected.

And who didn't end up voting for the bailout (no strings attached).
The media had everyone convinced that it had to be done, the same
media that elected our new President. He's apparently perfect, so I
guess we can assume that the bailout will be too.

So, your opinion is noted, but your revisionist history doesn't fly
here. 2 guys from Alabama did not cause the current global economic
woes. They're a great big pimple that's been building up for about 2
decades, under several party's watches...



germany and japan have national health care.
why do you assholes hate people getting health care.

i got sick a few years back and needed several operations.
my bills ran over $100,000, fortunately my government provided insurance
picked up the tab.
because i didn't have that much lying around.

sure take the health costs off the backs of our businesses, support national
healthcare.


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