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AUTOMAKERS' CRISIS * USA - Caravan to Capitol to back Big 3 goes online
Organizers said driving hundreds of cars to D.C. was not feasible, will turn effort into Web site
Detroit,Mich,USA -The Detroit News, by Scott Burgess -November 27, 2008: -- The caravan bound from Detroit to Washington, D.C., to support federal bridge loans for Detroit's Big Three automakers will take the information superhighway instead of the interstate, organizers said Wednesday... Grand plans of an automotive cavalcade to the nation's Capitol grew to the point of impossible once the idea was floated last week by a number of influential people in Detroit... The ad hoc organizers quickly realized the logistical nightmare involved with hundreds of cars driving to Washington to support proposed federal assistance -- $25 billion in low-interest loans -- to U.S. automakers... The coalition of organizers, which includes suppliers, dealers and union workers, said they will send 51 people to Washington on Dec. 5. Each person will come from a different state and the District of Columbus. They will wear a shirt announcing their state and how many jobs GM, Ford and Chrysler has helped create there. All told, there are 6 million jobs around the country that could be impacted if the Big Three go bankrupt, the group says... "This is not just a Detroit story," Leuliette said. "This is about building jobs; it's about America"...
Labels: automakers' crisis
posted by Unknown @ 9:45 AM
1 Comments:
They did this to themselves. We allowed them to do this to themselves. Then we fly to meetings in a leer jet to beg for a handout. What an utter gross sense of entitlement these guys seem to have. This is no easy situation. If you had say, a store that had bad management and ran the store in the ground, would you hand them a chunk of money and business as usual. No, first thing you would do is bring in new blood. What a mess our country is in. There is no easy answer. We bail out everybody and his brother and one major aspect to all of this is the role was the historically high price of gas this past year. That one aspect alone did more damage to our economy and society alone. Jobs and homes have been lost at a record rate as a direct result of the high fuel prices. Production and shipping costs were passed on to the consumer in every imaginable product from food to our utility bills. We cut back because we had less to spend. That resulted in even more jobs lost. We need to take some of these billions and first bail America out of its dependence on foreign oil. Yes gas prices are low. NO they are not going to stay low. OPEC is planning to cut production further and will continue to do so until they get prices back up where they want them to be. While we are doing the happy dance around the pumps we are totally missing the next chapter in our dependence on foreign oil. Someone said in an article yesterday it is rather like trying to talk to someone standing in the pouring rain under an umbrella about a possible upcoming drought. How true. America has tunnel vision. And short term memory loss when it comes to oil and our dependence on it and their control over us. They have us over a barrel literally and they know it. When will we all get that? We need to get on with utilizing alternative energy. Jeff Wilson has a new book out called The Manhattan Project of 2009 Energy Independence NOW. Very interesting and insightful. I just think too little attention is given to the oil prices last year and their role in all of our economic woes. And PS, that story in the news about them cramming into their smallest car made to drive this time and leave the jet behind. Darnit, I forgot to watch Saturday Night Live, bet they had fun whth that one.
Happy Thanksgiving everybody. I hope our next one will spent in a calmer country that has ironed some of these financial problems out!
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