I didn't know you were an avid reader of the San Diego Gay & Lesbian News, McDuck. But if you don't wanna tell, that's ok. I won't ask.
The point I was making when I posted the October auto sales results is that for the first time in quite a while, auto sales were starting to look up. Now, if we can just continue on that path, perhaps the auto industry can start making a profit again, and pay back the money it borrowed. I tend to think we'll see that pretty soon.
If I had my choice- I'd tax the hell out of imports, to equalize the health care advantage all the foreign car companies have over U.S. automakers. Put a 15% import duty on imported cars, and that would go a long way to equalize things.
Last edited by James48843; 11-15-2009 at 12:05 PM.
President Clinton will be seen in history as one of the better Presidents we've had, though I will say that he bears some responsibility for the current economic problems. Being saddled with a conservative Republican Congress probably didn't help much. Now it looks like the administration has become Democratic and can finally address some of the structural problems in the economy.
Era of big government over? That's weird, since we had larger government outlays under Bush than we had under Clinton. In Clinton's first term, federal expenditures rose 4.7 percent. In his second term, they rose 3.7 percent. In the first term of the Bush administration, however, spending rose 19.2 percent.
Cumulative growth in federal expenditures, adjusted for inflation, during the Clinton years actually shrank by 1.1 percent. Yet, in the Bush first term, it rose 15 percent. McDuck, didn't you notice? It's all available news. Just look at the budget office and outlays.
When Bill Clinton was elected we were in debt. When he left office, not only did we have a balanced budget, but a surplus. Even if you take the bailouts of these banks out of the equation, Bush has left America trillions in debt. He has even borrowed money from other countries. It will take many many years before this country is solvent again.
Double entendre noted. McDuck is VERY progressive, it seems.
SDSU Associated Students to March in Protest of Budget Cuts San Diego Gay & Lesbian News
Last edited by phil; 11-15-2009 at 12:20 PM.
To Slick Willie, it never about the country, it was always just about him.
Bill Clinton says he never wanted to leave presidency
Washington Post - Nov 2, 2009
I completely agree as to why we're not as competitive with the larger Japanese auto makers. The Japanese and the Germans have had nationalized healthcare for many years. Their corporations don't have to pay huge amounts of money in healthcare costs. Our corporations, particularly in manufacturing, have been paying out enormous amounts over the years.
We noted the double entendre in your post about President Clinton. What now? Triple entendre? That's a little complicated.
GM to start repaying debt to U.S. government next month
Firm plans to retire $6.7 billion loan years before it is due
By Peter Whoriskey
Washington Post Staff Writer
Monday, November 16, 2009
General Motors is expected to announce on Monday that it will begin repaying its debt to the United States next month, years earlier than required.
The nation's largest automaker plans to pay $1 billion per quarter until the $6.7 billion loan is repaid, according to a source familiar with the matter.
A Chinese-owned GM? It could happen
As Chinese automakers eye bargains around the world, some think they could make a play for GM once it goes public.
By Chris Isidore, CNNMoney.com senior writer
Last Updated: November 24, 2009: 4:46 AM ET
GM 2012: Future cars
General Motors recently showed reporters and select members of the public what it plans to build over the next two years. View photos
NEW YORK (CNNMoney.com) -- GM could one day be Chinese owned.
A shocking concept for the ultimate all-American company, but one some auto industry experts say isn't too far-fetched.
"I can tell you right now the Chinese are shopping heavily in the U.S. auto sector," said David Cole, chairman of the Center for Automotive Research, a Michigan think tank.
Cole said such a deal isn't imminent and wouldn't happen until GM starts selling shares to the public, likely a year or more from now. But he says buying GM would be a major opportunity for the nascent Chinese auto industry.
"The Chinese have a lot of our money and they're looking to invest it," he said.
Well, it happened today.
GM was not immediately available to comment. SAIC declined to comment.
It's interesting.....very interesting indeed. GM has sold a LOT of stuff to its Chinese manufacturing side. That includes a lot of intellectual property that was built for many years by the company's engineers.
It reminds me very much of what happened many years ago, when GM and Ford had opened up factories in Europe. The Germans made weapons in the factories. We bombed the factories and reimbursed GM for the damage done.
Joseph Heller's Catch-22 is the only book we need to reference. Milo Minderbender rules the world.
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