Obama tells car industry to stop making so many SUV's and trucks??
Comrade Obama is campaigning through the midwest on a big ol' bus--because that shows voters what a regular guy he is.
Yeah, that's what his re-election advisors think he needs to do to be re-elected.
So this "regular guy", man of the people, brilliant extemporaneous speaker, is speaking at a town hall forum in Cannon Falls, Minn--no Republicans, no hostile questions. And he says:
But of course, not Duh Won. Though he can push consumers toward smaller cars by simply continuing his drilling slowdown until gas reaches $5 a gallon, or some higher price.
When Obama essentially decreed that Chrysler and GM bond-holders would get just ten cents on the dollar, and a huge block of stock would be given to the United Auto Workers, did that fix GM's underlying problems (excessive retiree and health care costs, and less-than-stellar products)? Of course not. Instead the Unions just got more control of it. And they promptly doubled-down on stupidity.
Thus we have the Volt: even with a $7,500 per car government rebate, GM only sold something like 350 last month. The public simply isn't impressed.
But this doesn't stop Obozo from telling people, "You can’t just make money [by making] SUVs and trucks." Okay, so what should they make?
Oh, look at the time! I'm late for my next fundraiser! Nice talkin' to ya!
Anyone who had been paying attention during the mortgage meltdown would have known that when the government starts meddling in the marketplace, things go bad in a hurry.
The justification for Fannie and Freddie was that they would help more people buy homes. Which everyone knew was the key to stable neighborhoods and societies.
The result was catastrophic, as unqualified buyers walked away from homes they couldn't afford and defaulted on mortgages they never should have been approved for.
Let us be more clear: Government is thick with two kinds of 'experts" or consultants: One class is composed of dilettantes, people who have never worked in the private sector but believe their degree or their title qualifies them to tell businesses how to operate. Outcome: too obvious to explain.
Second class: Top execs and former execs of major companies. These people know how business works, and if they were honest they might help install some good programs. But all they want to do is increase profits for their former employer (in which they usually still own a lot of stock). So they recommend establishing a program that will enrich corporate suppliers, regardless of whether it does anwhere near what the original objective was.
Given a choice between the two, I'd rather fight the second guy, because at least he can be identified, tried and jailed. The bureaucrat will always remain invisible to outsiders--it's part of their job training.
Yeah, that's what his re-election advisors think he needs to do to be re-elected.
So this "regular guy", man of the people, brilliant extemporaneous speaker, is speaking at a town hall forum in Cannon Falls, Minn--no Republicans, no hostile questions. And he says:
You can’t just make money [by making] SUVs and trucks. There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money.Now, you have to remember, Obama is a guy with zero experience running a business, no experience in manufacturing or financial analysis. This isn't disqualifying, but you'd think the guy would have the sense to confine himself to broad platitudes and leave the details to the guys who're involved with each specific industry.
But of course, not Duh Won. Though he can push consumers toward smaller cars by simply continuing his drilling slowdown until gas reaches $5 a gallon, or some higher price.
When Obama essentially decreed that Chrysler and GM bond-holders would get just ten cents on the dollar, and a huge block of stock would be given to the United Auto Workers, did that fix GM's underlying problems (excessive retiree and health care costs, and less-than-stellar products)? Of course not. Instead the Unions just got more control of it. And they promptly doubled-down on stupidity.
Thus we have the Volt: even with a $7,500 per car government rebate, GM only sold something like 350 last month. The public simply isn't impressed.
But this doesn't stop Obozo from telling people, "You can’t just make money [by making] SUVs and trucks." Okay, so what should they make?
Oh, look at the time! I'm late for my next fundraiser! Nice talkin' to ya!
Anyone who had been paying attention during the mortgage meltdown would have known that when the government starts meddling in the marketplace, things go bad in a hurry.
The justification for Fannie and Freddie was that they would help more people buy homes. Which everyone knew was the key to stable neighborhoods and societies.
The result was catastrophic, as unqualified buyers walked away from homes they couldn't afford and defaulted on mortgages they never should have been approved for.
Let us be more clear: Government is thick with two kinds of 'experts" or consultants: One class is composed of dilettantes, people who have never worked in the private sector but believe their degree or their title qualifies them to tell businesses how to operate. Outcome: too obvious to explain.
Second class: Top execs and former execs of major companies. These people know how business works, and if they were honest they might help install some good programs. But all they want to do is increase profits for their former employer (in which they usually still own a lot of stock). So they recommend establishing a program that will enrich corporate suppliers, regardless of whether it does anwhere near what the original objective was.
Given a choice between the two, I'd rather fight the second guy, because at least he can be identified, tried and jailed. The bureaucrat will always remain invisible to outsiders--it's part of their job training.
posted by SF at
3:00 PM
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