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Posts: 2108
Nov 7 08 9:35 PM
thebatter wrote: I'm not trying to freak anyone out. I'm saying what can be confirmed if anyone choses to look it up. It's very easy to find that information on Granholm's complete & utter failure in Michigan. More people will be laid off. It won't stop. Remember, when Jimmy Carter raised taxes in the late 1970s, unemployment & inflation went into double digit figures. So did borrowing interest rates. Government can not create jobs, much as they like to pretend that they do. Only businesses can create jobs, and they only do it when it makes sense financially. If they don't have money to spend, they won't spend it. If they need to generate cash, one of the quickest ways to do it is to reduce headcount. Personnel costs are the largest cost any business has. And the problem with the car manufacturers can be found in a few things, including the fact that they don't have the orders they need to justify their headcounts. No orders, no money. No money, no jobs. Until people stop buying foreign cars, and start buying GM, Chrysler & Ford products, nothing will change. I kinow Obama is a lawyer and probably didn't take too many management or business classes in school, but you learn that on day 1 of any accounting, economics or business course. You have costs, and you have revenues. Revenues minus costs = profit. If you spend more than you bring in, you will go out of business. Without the revenues coming in to the car manufacturers, they will ultimately fail. And the number of workers in Michigan alone who are tied to the auto industry (at the manufacturers, suppliers, the companies that make their parts, etc.) is something like 3 million people. Obama may want to take this opportunity to tell his supporters to buy American cars and put the Audis and Hondas and BMWs up for sale. Pouring more taxpayer money into the auto industry is merely a bandaid. They need the sales. Period. Oh, and GM is rolling out a 100% electric run car in 2010. They've been working on alternate energy vehicles for years. Obama should know that already.
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