Comments on: Big three automakers bid for bailout http://talkradionews.com/2008/11/big-three-automakers-bid-for-bailout/ The Talk Radio News Service is the only information news service dedicated to serving the talk radio community. Sat, 21 Nov 2009 11:03:51 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Margaret http://talkradionews.com/2008/11/big-three-automakers-bid-for-bailout/comment-page-1/#comment-28412 Margaret Thu, 20 Nov 2008 03:15:41 +0000 http://talkradionews.com/?p=21652#comment-28412 This is a difficult situation because regardless of what action is chosen by the government, masses of jobs will be lost. To salvage our economy from this mess, our society (i.e. individual people making individual logical decisions) needs to focus on creating and supporting new companies in technology based markets which will create new jobs and bring money into the national economy. We have let our economy become fragile by assuming that big business could keep big jobs and big money floating around indefinitely, but that easy decision to avoid responsibility has had consequences. Big business has almost consistently tended towards middle management and away from production. We need to stop and ask ourselves what we still make in this country that has value. It's time to stop trying to keep our economy alive by being the managers and marketers for products manufactured and consumed in other countries. Innovation will bring prosperity. This is a difficult situation because regardless of what action is chosen by the government, masses of jobs will be lost. To salvage our economy from this mess, our society (i.e. individual people making individual logical decisions) needs to focus on creating and supporting new companies in technology based markets which will create new jobs and bring money into the national economy.

We have let our economy become fragile by assuming that big business could keep big jobs and big money floating around indefinitely, but that easy decision to avoid responsibility has had consequences. Big business has almost consistently tended towards middle management and away from production.

We need to stop and ask ourselves what we still make in this country that has value. It’s time to stop trying to keep our economy alive by being the managers and marketers for products manufactured and consumed in other countries. Innovation will bring prosperity.

]]> By: Web Smith http://talkradionews.com/2008/11/big-three-automakers-bid-for-bailout/comment-page-1/#comment-28339 Web Smith Wed, 19 Nov 2008 16:45:47 +0000 http://talkradionews.com/?p=21652#comment-28339 What will Tom Schatz be saying when 10 million Americans are put out of work and the unemployment costs to the American taxpayer exceed $200 billion per year? Maybe the taxpayers will line up to slap his face. Look around. 9,000 homes are going into foreclosure, hundreds of companies are closing, and thousands of jobs are being lost every single day. After these armchair automakers gave the banks $1 trillion to loan out, credit card limits are being reduced and no one can get a loan to buy anything, let alone a car. The car makers didn't bring this $14 trillion economy to its knees. The government and the banks did. Now they're doing their best to make it worse. $25 billion is not enough. Would you rather loan automakers $100 billion that you will end up getting back, or would you like to lose an amount climbing from $200 billion? http://ewebsmith.com/gov/autobailout.html What will Tom Schatz be saying when 10 million Americans are put out of work and the unemployment costs to the American taxpayer exceed $200 billion per year? Maybe the taxpayers will line up to slap his face.

Look around. 9,000 homes are going into foreclosure, hundreds of companies are closing, and thousands of jobs are being lost every single day. After these armchair automakers gave the banks $1 trillion to loan out, credit card limits are being reduced and no one can get a loan to buy anything, let alone a car.

The car makers didn’t bring this $14 trillion economy to its knees. The government and the banks did. Now they’re doing their best to make it worse.

$25 billion is not enough. Would you rather loan automakers $100 billion that you will end up getting back, or would you like to lose an amount climbing from $200 billion?

http://ewebsmith.com/gov/autobailout.html

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