Perspectives on an Auto Industry Bailout
Tuesday, December 2nd, 2008
I’m impressed by the comments on H.R. 7297, the Emergency Automobile Industry American Jobs Protection Act of 2008, and encourage you to take a look.
I noted the bill in this week’s WashingtonWatch.com Digest (subscribe here) and spurred knowledgeable and opinionated people to share their thinking on the idea of a “Big Three” bailout.
There’s lots of blame to go around. Some blame management for collecting huge salaries and bonuses. Some blame labor for demanding salaries and benefits beyond what the market will bear. Apparently, there’s a Ford plant closing in Mexico, yet the workers there will get higher-than-normal severance benefits. An interesting comment points to the relationships between the auto companies and the dealerships, which may tie automakers into producing unprofitable lines.
Maybe among advocates of a government bailout for private industry, everybody’s all wet. Thanks to WashingtonWatch.com’s visitors for making their knowledge and thinking available to others.
But here’s the fresh new crop. Along with the inauguration ticket counterfeiting bill, there’s a couple on the financial crisis/bailout, a couple economic stimulus/unemployment, and the usual randoms:
An interesting item showed up in
If you think Washington politics is restricted to the debates among politicians, think again.
Word on the street is that Congress will come back in on November 17th to do some post-election business. The respite gives us time to look at some of the bills hustled across the House floor while we were concentrating on the big stuff.
Monday was another day with a cavalcade of bills streaming through the House of Representatives.
Silly season on Capitol Hill. It’s that special time of year when Congress nears the end of its scheduled session and decides to do all its work at once. Dozens of bills fly across the House floor with little debate.
Congress has all the planning skills and foresight of a teenager.
If you want to see a controversial bill on which there are strong opinions on both sides, check out