Trouble for the Auto Industry Bailout

Reports indicate that there is less confidence that the auto indusrty bailout will be passed. Many Republicans and some Democrats question whether the bailout bill will use taxpayer's dollars effectively. The Bloomberg article Democrats Back Off Prediction of Automaker Bailout Approval describes the latest version of the bill.

The Democratic proposal would let the president appoint a so-called car czar to oversee industry restructuring, and give taxpayers stock warrants equal to 20 percent of the loans. It would prohibit the automakers from paying dividends and owning or leasing corporate jets, and pay and bonuses would be limited.

This, however, does not address the inherent problems with these businesses. Preventing the "paying dividends and owning or leasing corporate jets, and pay and bonuses" addresses none of the major problems with these companies. A limit on excesses misses the basic fact that these are failed companies, who can't garner loans from anyone other than Congress. The only check or change that this bill implements is 'a car czar'; the powers of which Chairman Barney Frank tried to explain...

‘Head-Knocking’

Frank told reporters today the bill would give the car czar “a great deal of head-knocking ability” with “a lot of the powers that you would get in bankruptcy.”

The official would have the power to veto participating automakers’ plans to invest abroad, Frank said. Lawmakers want to ensure the companies don’t “take American taxpayer dollars and expand in other countries rather than here, or shut down a plant in America while expanding a plant elsewhere,” he said.

Because Bush and President-elect Barack Obama are unlikely to agree on a czar, Obama will likely replace Bush’s pick as soon as he takes office, Frank said. The Bush administration has said the official should come from the Commerce Department.

So this 'car czar' a likely member of the Commerce Department will be apparently appointed by President Bush then replaced by the future President Obama, and he shall be granted 'head knocking abilities'.

Chairman Frank went on to state that the auto industry will likely need to be granted more money in the future, something Speaker Pelosi has also stated. This does not instill confidence that this bailout will be anything but a waste of money.

A few basic questions for lawmakers...

How will this money fix the failed business policies of the auto industry?

How many bailouts and/or how much money will be paid to the automakers total?

What's wrong with bankruptcy?

What are the requirements for being granted a government bailout?

This is still not an rational solution. Ask your representatives not to support this bailout bill, and make them at least answer the basic question, 'how will this money fix the problems that the auto industry faces?'

Contact Your Senator

Contact Your Congressman

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Continued Problems with the Automaker Bailout

New Blogs etc

I started blogging this election cycle as a way to support Senator McCain for President. Now that race has ended, I'm interested in blogging at different sites for different purposes. I will continue my original site Broad Side of the Barn as a light hearted site with some useful resources, however, it is in serious need of updating. Blog topics typically will fall under the heading of internet or politics, but other topics will be addressed as well. Some of these sites are derivatives of ones set up during the election, many of them still need significant work. Here are the blogs I plan on posting to and developing at this time. Thank you for visiting.

Experimental Blogging	Trial and Error Site
States	Local Theme
Surround the Web	Random
Purple People Vote	The old version Purple People Vote
Divied Up	Random
Cracked Back	Random
Linked the Web	Random
Web Driven	Web Topics
U.S. Independent	Politics - Independent
Circle the Web	Random
Blog Gobbers	Fun / Random
Practical 1 Politics	Politics
More Pols	Politics
Independent Voters	Politics
Local Republican Races	Politics...only if contributors want it to continue
Indie-Site	Politics / Independent
McCain Blogger Resources	Internet? - Form? - Maybe?
Battleground States 08	Politics
Web Inquiry	Internet
Independent Voters	Politics / Independent
Who Do I Vote For?	Politics
Round Four	Random
Broad Side of the Barn Store	Internet / Sales - Affiliate Programs
Change Candidates	Politics
Scienceless	Tech and Science Interest
Fiscally Conservative Socially Moderate Independents	Politics / Independent
BroadSideoftheBa...	Humor Random
The Online Volunteer	Philanthropy
Blue Collar Voters	Politics
Independent Voter Resource	Politics / Independent
Rambling Web	Philanthropy
In New Hampshire	NH Local

Here are a variety of other sites of interest. The Maine Tool Room, Dr. Dog Health Care, Blogs for Victory, USA.gov, Network for Good, The Red Cross, The Smithsonian, Zannel, AARA News Service, Real Clear Politics, Joe Lieberman, Righty Blogs

No Bailout Please

RedState.com has posted a couple pieces on opposing the government bailout of the auto industry. The first by Representative Michele Bachmann opposes not just the auto bailout, but the concept that Washington should be spending tax payer money to prop up failed businesses. The second article by Francis Cianfrocca discusses how contract renegotiations with the United Auto Workers union need to be included any proposed bailout as failure to so will result in the eventual failure of those companies with or without a bailout. Excerpts below.

One main reason the auto bailout is facing such opposition is that there has been no attempt to explain why pumping money into a failed business will fix that business. If these company continue on their current path this bailout will simply prolong the time before before failure, and will result in simply wasting a huge sum of tax payer dollars.

For those who oppose bailing out the auto industry, folllow the links below to contact your Senators and Congressmen to let them know that you do not support this bill, and that you will hold them responsible for wasting your money.

Contact Your Senator

Contact Your Congressman

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No More Bailouts by Rep. Michele Bachmann

Washington needs to stop handing out your money like its Monopoly money. Each dollar is hard-earned and the men and woman who worked so hard for it deserve more respect from their government than to be treated like an ATM. Our economy grew strong on the backs of Main Street; from the ideas and sheer sweat of innovators and entrepreneurs flush with the American spirit. Risk-taking is part of that adventure. But when government guarantees against failure, risk and reward becomes meaningless. Eventually, that will crush our economy- and that eventually may not be that far down the road.

The Critical Missing Piece in the Automaker Bailout by Francis Cianfrocca

There will be no significant cost-cutting or pain imposed on the UAW in the restructuring of the domestic auto industry, unless it happens right now, this week.

The UAW must agree to a labor-cost structure that, in Sen. Corker’s words, is no higher than that faced by foreign (“transplant”) automakers who assemble vehicles in the United States. The union must agree to very painful concessions on wages, healthcare, work rules, and retiree benefits.

Gettelfinger, playing to the galleries, has assured lawmakers that he will indeed be open to doing whatever he can to seal the deal. Among other things, he’s signaled willingness to end the so-called “job bank.” You know, that’s where an automaker closes a production facility that no longer makes sense, but continues to pay the workers full wages and benefits to play video games all day, for years into the future.

But what Gettelfinger has pointedly not said, is that he’s willing to re-negotiate the contract that the UAW currently has with the automakers. In short, he’s not preparing to compromise at all, or to ask his people to take any real pain.

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Oppose the Auto Bailout

Crack Pipes Being Sold in Convenience Stores

There are several reports of 'glass roses' which are used as crack pipes being sold in convenience stores around the country. The following report comes from Georgia Georgia Police Chief Suggests Ban on Glass ‘Rose’ Pipes

"Police Chief Dennis Bell of Arcade, Georgia, is asking lawmakers to ban the three-inch glass pipes with a fake rose inside, the Associated Press reports. Bell says the novelty items, sold in many convenience stores, masquerade as crack pipes.

Known as “The Rose,” the pipe has a piece of cork on one end with a flower in the center. Bell said he is hoping the other police chiefs in Jackson County and the local sheriff will join him in seeking legislation to outlaw the pipes, the newswire reports."

On the VH1 reality show 'Celebrity Rehab' they show former patient Seth Binzer going to the 'Corner Mini Mart' in Pasadena, California and buying a 'glass rose' for drug purposes. This is seen in the following clip...

The store in this clip is
Corner Market
342 E Orange Grove Blvd.
Pasadena, CA
(626) 792-5256

Crack Pipes Being Sold in Convenience Stores

Shades of Gray

Seeing a campaign up close this past election was an excellent learning experience. However, one of my biggest disappointments in viewing our current two party system is that there is little tolerance for anyone who breaks with the party line, and that appears to be the case for both parties. In real life it's fairly rare to come across people who wholly subscribe to one party's platform. However, in political circles it seems rare to find people who break with the party line. This is one of the major hang ups in making the government truly representative.

In each party's defense, it's the ideologues who participate and volunteer; so it makes sense that their views would be the most prevalent. However, there are a myriad of issues that are simply not black and white. In my case, I opposed the death penalty up until the Oklahoma City bombing. While I still would not categorize myself as pro-death penalty, that tragedy made me believe that there may be some circumstances where the death penalty is appropriate. I give this example, because I don't see this as a particularly abnormal or radical view, but it is one that is not represented by either party. Instead of issues receiving a full hearing, party politics often result in viewing issues as either black or white, when shades of gray often exist.

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Shades of Gray