Comments on: The Auto Bailout: What’s Behind the Wheel? http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/ Fri, 10 Feb 2012 22:29:33 +0000 hourly 1 http://wordpress.org/?v=3.3 By: The Smalleys, Georgi http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9443 The Smalleys, Georgi Thu, 20 Nov 2008 00:12:32 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9443 I sold every bit of my furniture and, until about a month ago, slept on the floor (4 mos. total). I don't eat out more than once a week at lunch time, and it's usually a $2.50 veg taco at Willy's. I keep my heat at 65degrees and don't go out to nightclubs, movies, or any entertainment that costs money. I don't have anyone over because there is no place to sit,except on the floor. Last year, I took in 40 dogs from various people who had abandoned them due to being "inconvenienced". And then I see the CEO's of these auto companies flying in to meetings at $20k a pop?!!! I bet they haven't sold all of their furniture, or ANY of it, for that matter. WHY in the world should 'I' bail THEM out? Let the CEO's all get together and bail each other out! They won't do it, because they're used to a lifestyle they won't give up. Well, I'm tired of making sure every gets to have the lifestyle of luxury to which they're accustomed while I live like a refugee. I'm mad and getting madder. If they get bailed out, I say we arrange a boycott of their cars. I sold every bit of my furniture and, until about a month ago, slept on the floor (4 mos. total). I don't eat out more than once a week at lunch time, and it's usually a $2.50 veg taco at Willy's. I keep my heat at 65degrees and don't go out to nightclubs, movies, or any entertainment that costs money. I don't have anyone over because there is no place to sit,except on the floor. Last year, I took in 40 dogs from various people who had abandoned them due to being "inconvenienced".

And then I see the CEO's of these auto companies flying in to meetings at $20k a pop?!!!

I bet they haven't sold all of their furniture, or ANY of it, for that matter.

WHY in the world should 'I' bail THEM out? Let the CEO's all get together and bail each other out!

They won't do it, because they're used to a lifestyle they won't give up. Well, I'm tired of making sure every gets to have the lifestyle of luxury to which they're accustomed while I live like a refugee.

I'm mad and getting madder. If they get bailed out, I say we arrange a boycott of their cars.

]]> By: Joseph Hare http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9374 Joseph Hare Wed, 19 Nov 2008 09:25:36 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9374 'The 15% Solution" One possible approach to dealing with the auto crisis -- The federal government could give any one who buys a fuel efficient car from the Big 3 a 15% instant rebate back on the selling price. This program could have an 18 month time limit. The total of the rebate dollars might then constitute a loan the auto makers would have to pay back. If effective, this solution would immediately jump start US auto makers by giving them a huge advantage over the competition while they work on the remaining legacy issues. Auto makers would stay employed and no money would go directly to the car makers. The feds might also think about underwriting an extended car warranty program for this period. Again, the total dollars to do so, could constitute a loan to the auto makers. If the dollars don't proof out, the concept still might we worth exploring. Joseph Hare Hingham, MA. More..... A quick direct "15%" instant government rebate (say averaging around $3,000) from the Dept of Treasury paid to consumer with purchase of a US auto maker lower mileage car might make these cars especially attractive, The problem with the fed using IRS tax return deductions is you only get indirect value (a lower tax payment) and but once a year (April 15).... and higher wage earners get more real dollar benefit. I thinkt this rebate program would get consumer attention/visibility. Hey, If you could buy a Camry priced today at $20,000 for $20,000 versus a Malibu priced today for $20,000 for $17,000 (plus get a10 year warranty), which would you buy? Such a program, if it worked, would give auto makers an instant dramatic jump start while they work on getting more cars that would sell (without rebate program) developed and while they deal with worker legacy issues. Giving a bailout just keeps them from going bankrupt while they try to get a higher % of americans to buy their cars. They have not suceeded in doing that over the last 20 years. Assuming Americans were motivated to buy fuel efficient Gm-Ford-Chrysler cars, the biggest stumbling blocks might be that the auto makers could not retool fast enough to produce enough low mpg cars to get profitable, that they could not get rid of their gas guzzlers, and that the union entitlement are still choking them.. 'The 15% Solution"

One possible approach to dealing with the auto crisis — The federal government could give any one who buys a fuel efficient car from the Big 3 a 15% instant rebate back on the selling price. This program could have an 18 month time limit.

The total of the rebate dollars might then constitute a loan the auto makers would have to pay back.

If effective, this solution would immediately jump start US auto makers by giving them a huge advantage over the competition while they work on the remaining legacy issues. Auto makers would stay employed and no money would go directly to the car makers.

The feds might also think about underwriting an extended car warranty program for this period. Again, the total dollars to do so, could constitute a loan to the auto makers.

If the dollars don't proof out, the concept still might we worth exploring.

Joseph Hare

Hingham, MA.

More…..

A quick direct "15%" instant government rebate (say averaging around $3,000) from the Dept of Treasury paid to consumer with purchase of a US auto maker lower mileage car might make these cars especially attractive,

The problem with the fed using IRS tax return deductions is you only get indirect value (a lower tax payment) and but once a year (April 15)…. and higher wage earners get more real dollar benefit.

I thinkt this rebate program would get consumer attention/visibility. Hey, If you could buy a Camry priced today at $20,000 for $20,000 versus a Malibu priced today for $20,000 for $17,000 (plus get a10 year warranty), which would you buy?

Such a program, if it worked, would give auto makers an instant dramatic jump start while they work on getting

more cars that would sell (without rebate program) developed and while they deal with worker legacy issues.

Giving a bailout just keeps them from going bankrupt while they try to get a higher % of americans to buy their cars. They have not suceeded in doing that over the last 20 years. Assuming Americans were motivated to buy fuel efficient Gm-Ford-Chrysler cars, the biggest stumbling blocks might be that the auto makers could not retool fast enough to produce enough low mpg cars to get profitable, that they could not get rid of their gas guzzlers, and that the union entitlement are still choking them..

]]> By: New Green Economy, N http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9185 New Green Economy, N Mon, 17 Nov 2008 12:23:00 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9185 The U.S. Government should be supporting the new "GREEN ECONOMY", such as companies like BG Automotive. For USD $25 Billion, BG could put 1.5 million Electric Cars on the road while creating jobs, saving U.S. consumers USD $2.5 Billion/yr on gasoline, and also reducing CO2 emissions by 7.5 million net tons per year. First legitimate electric car coming to the market. Safe, reliable and affordable. Check it out............ Article: <a href="http://planetgreen.discovery.com/tech-transport/electric-c100-vehicle.html" rel="nofollow">http://planetgreen.discovery.com/tech-transport/e...</a> Video-You Tube: <a href="http://www.youtube.com/watch?v=hog9wpZCg8U" rel="nofollow">http://www.youtube.com/watch?v=hog9wpZCg8U</a> BeGreen Advocate The U.S. Government should be supporting the new "GREEN ECONOMY", such as companies like BG Automotive.

For USD $25 Billion, BG could put 1.5 million Electric Cars on the road while creating jobs, saving U.S. consumers USD $2.5 Billion/yr on gasoline, and also reducing CO2 emissions by 7.5 million net tons per year.

First legitimate electric car coming to the market.

Safe, reliable and affordable.

Check it out…………

Article:
http://planetgreen.discovery.com/tech-transport/e…

Video-You Tube:

http://www.youtube.com/watch?v=hog9wpZCg8U

BeGreen Advocate

]]> By: Read This http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9105 Read This Sat, 15 Nov 2008 08:10:32 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-9105 Chrysler just announced (this week) $30 million for executive retention bonuses while lobbying in Washington for $25 Billion of our hard earned money. Chrysler just announced (this week) $30 million for executive retention bonuses while lobbying in Washington for $25 Billion of our hard earned money.

]]> By: Access Your Auto » TheAutoBailout: What s Behind the Wheel? http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6070 Access Your Auto » TheAutoBailout: What s Behind the Wheel? Sat, 27 Sep 2008 06:25:40 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6070 [...] TheAutoBailout: What s Behind the Wheel? [...] [...] TheAutoBailout: What s Behind the Wheel? [...]

]]> By: Betting On Autos » Battery-Powered Tesla Sedan Will Be Made In USA http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6066 Betting On Autos » Battery-Powered Tesla Sedan Will Be Made In USA Sat, 27 Sep 2008 05:24:57 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6066 [...] TheAutoBailout: What s Behind the Wheel? [...] [...] TheAutoBailout: What s Behind the Wheel? [...]

]]> By: Detroit: Mazda Taiki Concept http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6058 Detroit: Mazda Taiki Concept Sat, 27 Sep 2008 02:37:42 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6058 [...] The Auto Bailout: What’s Behind the Wheel? [...] [...] The Auto Bailout: What’s Behind the Wheel? [...]

]]> By: getalifeagain http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6069 getalifeagain Sat, 27 Sep 2008 02:13:01 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6069 The bailout is really a loan. And if the Big 3 were to fail it would have dire circumstances for the economy. Millions rely on them. Retirees, workers, and indirectly millions of people in related industries. The bailout is really a loan. And if the Big 3 were to fail it would have dire circumstances for the economy. Millions rely on them. Retirees, workers, and indirectly millions of people in related industries.

]]> By: Did you know that Detroit is on the bailout boat too? « Lumineux http://blog.heritage.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6033 Did you know that Detroit is on the bailout boat too? « Lumineux Fri, 26 Sep 2008 19:46:03 +0000 http://www.foundry.org/2008/09/26/the-auto-bailout-what%e2%80%99s-behind-the-wheel/#comment-6033 [...] The Auto Bailout: What’s Behind the Wheel? [...] [...] The Auto Bailout: What’s Behind the Wheel? [...]

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