All hands on deck in US government bailout

All hands on deck in US government bailout

We must not as a nation forget the role the high cost of our dependence on foreign fuel played in the demise of our automakers. The exorbitant cost of gas the past year has done serious damage to our economy and society. We need to take lessons from our mistakes.WE also need to get out from under the grip our dependence on fore gin oil has on us. Why not take some of these billions and invest in America becoming energy independent. Driving an electric car would cost the equivalent of 60 cents a gallon. The electricity could be generated by solar or wind power. Green technology would create millions of badly needed new jobs. What America needs is a green revolution. It is time for us to move forward with alternative energy. I just read Jeff Wilson’s new book The Manhattan Project of 2009. I highly recommend this book to anyone who is concerned about the downward spiral of our economy and it’s effect on our society and would like to see our country become energy independent!www.themanhattanprojectof2009.com

All hands on deck in US government bailout

Unregistered;113983:
We must not as a nation forget the role the high cost of our dependence on foreign fuel played in the demise of our automakers. The exorbitant cost of gas the past year has done serious damage to our economy and society. We need to take lessons from our mistakes.WE also need to get out from under the grip our dependence on fore gin oil has on us. Why not take some of these billions and invest in America becoming energy independent. Driving an electric car would cost the equivalent of 60 cents a gallon. The electricity could be generated by solar or wind power. Green technology would create millions of badly needed new jobs. What America needs is a green revolution. It is time for us to move forward with alternative energy. I just read Jeff Wilson’s new book The Manhattan Project of 2009. I highly recommend this book to anyone who is concerned about the downward spiral of our economy and it’s effect on our society and would like to see our country become energy independent!www.themanhattanprojectof2009.com

Had we allowed exploration, drilling and extraction years ago, we wouldn’t be in this situation, but the leftist dopes don’t think about or want to invest in a secure energy program.

Look to the past to learn lessons about bailout...
:cool:
Past auto bailouts have critical lessons for U.S. now
Sun Nov 23, 2008 - As they ponder a $25 billion aid package for America’s beleaguered automakers, U.S. lawmakers could do well to study two past auto bailouts : one a failure, the other a success.

]
The failure is strike-prone British Leyland’s nationalization in the 1970s. The success, at least until the events of the past two years, was Chrysler’s turnaround in the 1980s. There are some parallels in both cases to the troubles faced today by the Big Three — General Motors Corp, Ford Motor Co and Chrysler, owned by private equity firm Cerberus Capital Management LP CBS.UL.

The main lessons seem to be that the U.S. automakers must produce a viable turnaround plan and the government must set clear benchmarks to measure progress or providing aid may be futile.

Congress has demanded the former, it can set the latter. “You can throw all the money in the world at a problem, but if your production strategy is wrong it won’t help," said Timothy Whisler, a Saint Francis University professor and author of “The British Motor Industry 1945-1994: A Case Study in Industrial Decline."

[url=http://www.reuters.com/article/reutersEdge/idUSTRE4AM1W220081123:
'INEXORABLE DECLINE'[/url]