McCain has fine intentions, but he *must* deliver.

For at least 20 years, the handwriting has been on the wall. Gasoline has long been $4 a gallon in other countries. Oil under the control of OPEC and South American Countries (both, of who I add, do the capatalist thing of trying to maximize their profits). Formerly 3rd world countries have been adopting more and more gasoline use.

As recently as 4 or 5 years ago, the big auto makers (there’s a douible meaning there), had been pushing the SUVs as a high profit margin. The Bush cabal not only made public statements that Americans have the right to use all the gas they want, but even pushed through an SUV tax rebate.

So now they are surprised that the chickens have come home to roost ?

How many times do the McCain handlers have to explain that ?

A massive financial scam is being run on America by the Jewish controlled banks and Wall Street investment firms and other money-changing schemers. I hope the next round of traitors get crucified.

Furthermore, American brands aren’t the only brands in the U.S..
There are many ‘foreign’ companies with factories in CONUS, like Toyota, Volkswagen, BMW and Daimler.

Maybe it would be a good thing to get rid of the utterly incompetent systems integrators that cannot compete in overseas market (and apparently not in their own one as well).
They have demonstrated ignorance and incompetence since 1973.

Will those “astoundingly poor decisions” include the continued production of the Mustang, Camaro and Corvette? You know, cars that are fun to drive?

http://www.youtube.com/watch?v=aypMFARJW84

Bush is just making sure the haves have more.

The more I think about it the more I believe that this whole “meltdown” was contrived for the purpose of the “bailout” as one last gift from Bush to his base.

I never understood why the housing crisis had to happen like it did. It didn’t make sense that the banks wouldn’t just renegotiate for a rate closer to what the homeowners were paying, so they could continue to make their mortgage payments. It would have resulted in less profit for the banks but it would not have resulted in foreclosures and the meltdown that occurred.

I’m hoping Obama hires some good forensic accountants and goes after everyone involved, including Paulson.

However, it does seem like any ‘bail’ amounts to us (the tax-payer) paying for lack of regulation with respect to Wall St. or lack of innovation with respect to ‘retail companies’. We end up paying, ultimately, for lack of foresight in business that demands foresight. We pay for someone else’s lack of imagination. Meanwhile, they leave their washed-up companies with gazillion dollar bonuses. That just ain’t right.

I don’t know, saving 1 in 12 jobs in this country sounds pretty important to me. But, if they do decide to bail the auto companies out, it has to come with some pretty heavy restrictions like throwing out all the CEO’s and other fat cats who got the companies into this mess in the first place and also requirements that they produce fuel-efficient vehicles.

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Oh I have much more sympathy for auto workers than I do bankers, to be sure. And manufacturing in the U.S. has been hanging by a thread for some time now, however, banking is the one industry you must have for the economy to function. Manufacturing, unfortunately, does not share that position.

Now as someone who has been unable to find a job after husband lost his, I feel this recession and the threat of still larger waves of lay-offs keenly.

All that being said, however, I’m not convinced that Congress is capable of crafting a package that will do what you suggest above. (All excellent ideas. Similar ideas and oversight that should have gone into the Wall Street bailout.)

If Congress could put together the kind of package you suggest then it could work in a fashion similar to Chapter 11 without the whole bankruptcy part. We certainly can’t afford to lose the jobs . . .

And if they don’t go along with such a structure, let them fail. The same, of course, should apply to the banking and insurance industries.

PEACE

regardless of what those “root causes” are (or perceived to be), i wonder how much of his career time BONER has devoted to addressing those needed reforms…