Sunday, December 07, 2008

The Bailout

I think Mark Cuban has an interesting alternative idea regarding handling the auto industry crisis. It doesn't help me much on my views on how the Constitution figures in, but it makes more sense than the bailouts do.

One point that he makes early on is a very valid one. I have never bought a foreign car...but have almost exclusively bought Toyota and Nissan when it has been my choice (my current car, a Mercury Villager is really a Nissan Quest). They have been made in Kentucky and Tennessee, and the majority of their parts were made in America as well. The profits stay in America for the most part as well. I have a friend who dogsat for the Vice President of Nissan America (remember a long time ago, they had a commercial that had "this space reserved for Bob" and a lot of other "Bob" stuff. He was Bob....had the sign in his garage. I was in Bob's house in Orange County, CA). We can't underestimate the role that these companies play in our economy, and the examples they play in how much better their business models are, top to bottom and bottom to top.

6 comments:

Cheryl said...

"Bailout" is Merriam-Webster Online's word of the year.

Sigh.

Elephantschild said...

Did you guys here the idea of giving everyone in the country a 2-month payroll tax and FICA holiday w/ the bailout money? Jan and Feb = no taxes off your paycheck!

I like that. Except... there'd be a Peasant's Revolt of the highest order come March.

Elephantschild said...

HEAR. not "here"

::groan:: Where's my second cup of coffee?

The Rebellious Pastor's Wife said...

Oh great. I won't be working in January and February..and since Jeff doesn't have either withheld.... :P

The Rebellious Pastor's Wife said...

grammar errors are aloud...um, I mean allowed. :)

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