The Heritage Foundation - Leadership for America

December 2, 2008 detroit news | Digg hot tags writes:

[...] Vote Saving Detroit [...]

December 2, 2008 Steve from Arizona writes:

The only persuasive argument I have heard against bankruptcy is that nobody will buy a car from a bankrupt company. The solution to that is to create a federal program to guarantee the warranties of cars bought from a U.S. automaker in bankruptcy, in the event the company can’t, in fact, reorganize. What could that cost? A few hundred million? A pittance compared to what these companies are asking for.

December 2, 2008 Saving Detroit « Conservative Thoughts and Profundity writes:

[...] Found @ The Heritage Foundry [...]

December 3, 2008 Michael Haltman, Jericho, NY writes:

I agree with you totally. This is from my blog today:

This is what it has come down to. Three of the nations oldest industrial companies seeking a bailout, bridge loan or cash infusion in order to survive. With a potentially crippling trickle down of bankruptcies and job losses that would result, they were initially grilled on their use of private jets to get to the hearings. As if this was the crux of the problem, and had they found an alternate way to get there, all of the actual management mistakes and the economic downturn would miraculously disappear and the companies would be well on their way to profitability.

With that in mind, these corporate leaders, these icons of industry, chose to drive from Detroit to Washington so that the senators and congressmen would now know just how serious they are about taking these companies from the brink back to profitability. Now they know. These politicians have to stop pandering to the folks back home and focus on the problem at hand, without looking for the buzz phrase that will get them the headlines and face time. This stuff is serious business, and should not be used as just a tool to get ammunition for the next re-election cycle.

Mike Haltman
The Political and Financial Markets Commentator
http://politicsandfinance.blogspot.com

December 3, 2008 kent/virginia writes:

The ‘Big Three’ American Auto makers should be allowed to declare chapter 11 bankruptcy and re-structure so they can begin to compete with foreign companies both in America and abroad. Any government bailout is a sellout to Unions. We will just have to do it again in several years–how many bailouts will it take before the Democrats finally face that fact? Their union cronies are making it impossible for U.S. auto makers to compete with foreign auto makers. Let’s clean out the dinosaurs in congress with term limits and re-train top union dinosaurs to contribute something positive to American society.

December 3, 2008 Ed, Leesburg, VA writes:

It’s crunch time. This is one of many future instances I see coming when we will be able to see in the bold light of the YES/NO vote which of our chosen, elected representatives side with the unions and inept management or us, the tax-paying public. My guess is that we will lose — again.

December 3, 2008 mel, colorado springs writes:

So the folks whose companies are producing products need to come up with plans to show Congress and the companies should file for bankruptcy instead of getting loans and lines of credit. How about the plans or bankruptcy filings for those companies are in the financial sector and started all of this mess, instead of outright gifts of more than the auto makers are asking for in loans? And I doubt that those CEOs took comercial air or Amtrak to come ask for their gifts. I guess it’s that the auto makers are just looking to keep some of the remaining middle class employed, not give no-strings gifts to the Treasury’s former coworkers…

December 3, 2008 Bob,Fernandina Beach,FL writes:

After reading the GM proposal I am more than ever convinced that bankruptcy is the ONLY true answer. When all is said and done to suggest that labor contracts would “ostensibly” be addresses between now and 2012, makes this plan unworkable. Unless contracts are null and void NOW we can forget ever coming out of this.

December 3, 2008 Kristina, Gloucester writes:

I would like to disagree with one point about the public not wanting to buy a car from a bankrupt automaker - Remember, the brand is just the window dressing. Take down the frills and the name, the window is still there. The plans for the cars are still on the drawing table to be tweaked, the knowledge of how to build the cars is still in the minds of the workers, and the machines are still in place to build the cars and the supporting parts. When there is a need void, American innovation steps in to fill it, if given the chance. Entrepreneurship will take over and our cars and our nation will be stronger for it. Sometimes you have to break a leg in order for it to heal properly.

December 3, 2008 Matt Cohrs, Jacksonville Florida writes:

I owe an apology to government employees, for the first 43 years of my life I thought they were the least deserving of a paycheck.
The big 3 is a poorly adapted dinosaur hopelessly stuck in thier glory days of the 1950’s. Speaking for myself the last time I bought an American car I got burned, they have not gotten better as we have been told. Show me one person who is unhappy with thier Toyota or Honda?
There are many things we as Americans do well, we build the worlds finest Aircraft, Ships, Computers however when it comes to the Auto industry it’s simply time for them to go the way of the T-Rex: a once mighty animal who failed to adapt.

December 4, 2008 The Big Three’s Plans for Change « Conservative Thoughts and Profundity writes:

[...] Businesses have been succeeding and failing for as long as I’ve been on this planet, and forget the fact that Ford has enough liquidity to make it through the year, as long as the light bulb finally came [...]