[DeTomaso] NPC: REALLY NO PANTERA CONTENT, US Auto Industry Bailout OPINION

[j g]

how about we cancel all h1b and L1a visas, all green cards , then force "made in the usa"  content legislation for all industries  just like europe, china, india, japan and all of asia do as well .
 i know that here in dallas 30 plus percent of texas instruments engineering jobs are l1a or h1b visas yet we have enough us born engineers to fill the same positions that are qualified out of work. 
to say restructure is jargon for "build overseas " and put americans out of work.

How about full employement for americans first . 

that will put jobs back here in the usa and kepp our economy moving,




--- On Fri, 12/5/08, Asa Jay Laughton <asajay at asajay.com> wrote:

> From: Asa Jay Laughton <asajay at asajay.com>
> Subject: [DeTomaso] NPC:  REALLY NO PANTERA CONTENT, US Auto Industry Bailout OPINION
> To: "Pantera Forum" <detomaso at realbig.com>
> Date: Friday, December 5, 2008, 10:21 PM
> This is POLITICAL, but NON- PARTISAN. (no stumping
> candidates, not 
> speeches, no jokes)
> If this gets me banned... oh well, I've said my peace.
> This is -MY- opinion.  If you AGREE, I would strongly
> encourage you to 
> WRITE your congressman (or woman)
> This is about the AUTO BAILOUT being considered in the U.S.
> Congress
> If you are NOT INTERESTED, DELETE NOW
> 
> ***************************************************************
> The REAL way to Bailout the Auto industry:
> 
> Two sections:
> - Why Congress should NOT give any money to the automakers
> directly
> - How the money -should- be put to use and why
> 
> 
> Why Congress SHOULD NOT give any money directly to the
> automakers:
>     - This will only put money in -their- pockets
>     - It will NOT reduce inventories
>         - It will NOT make room for more manufacturing
>     - It will NOT benefit anyone down-line (dealerships,
> parts makers, etc.)
>     - It will NOT prevent layoffs
>     - It WILL ALLOW the Big Three to payoff the unions even
> if it can't 
> give out work.
>     - It WILL ALLOW high level corporate employees,
> CEO's, etc. to 
> BAILOUT of the company with high dollar pensions, bonuses
> and severance 
> packages.  (It happend with the banking bailout, what makes
> you think it 
> won't with the auto makers?)
> 
> 
> - How the money -should- be put to use and why:
>     - GIVE THE MONEY TO THE TAXPAYERS
>     - A sight-draft type of check
>         - Can ONLY be cashed in at a Big Three auto dealer
>         - May NOT be used to buy a foreign car (made by
> anyone other 
> than a big three company)
>         - May NOT be cashed at a bank
>         - Transferable (in case the taxpayer does not or
> can not drive)
>         - Auto makers and dealers may NOT manipulate MSRP
>     - Who get's them?
>         - Impractical for every taxpayer
>             - 140 million taxpayers as of 2007 (IRS data)
>             - $25 billion divided by 140 million is $178
> per person.
>         - Eligible group must be narrowed:
>             - $25 billion divided by a $20,000 sight-draft
> per person is 
> 1,250,000 recipients
>             - The number of recipients goes up if Congress
> approves more.
>             - Possible eligibility by income level?
>                 - To what income bracket will 1,250,000
> checks be used up?
>             - Possible first come, first served
>                 - Apply with U.S. Government
>                     - Web site or phone line
>                     - similar to the TV Converter coupons
>                 - Must be an eligible Taxpayer
>                 - Must be registered to vote
>                     - voters are the people who should have
> a say in this
>                 - Must have valid drivers license
>                 - Only ONE per eligible person or family
> (household)
>                 - U.S. Government verifies eligibility and
> issues 
> sight-draft       
>     - The dealer completes the sight-draft check with a
> valid VIN and 
> presents it for payment.
>     - The dealer pays the Big Three auto maker
>         - And thus, they get their bailout money
>     - Benefits the Tax payer
>         - They can get a new car increasing personal
> equity, mobility, etc.
>     - Benefits the environment
>         - New cars are more efficient
>         - Many buyers will most likely get rid of their
> older car
>     - Benefits the dealership
>         - They sell the cars, stimulating local economies
>     - Benefits the Big Three auto makers
>         - They get rid of inventories
>         - It makes room for more manufacturing
>     - Benefits the auto parts industry
>         - The Big Three will need more parts to build more
> cars
>         - People will need spares or replacements for parts
> that break
>     - Benefits local governments
>         - Sales taxes, license fees, etc.
>     - Keeps more people employed
>         - See the benefits listed above
> 
> Think about it for a minute, it makes more sense.  Giving
> the auto 
> makers the money doesn't stimulate local economies.  It
> just lets them 
> continue with the status quo; supplying overpriced benefits
> and inflated 
> wages to union employees, building more cars in an already 
> super-saturated market. In addition, not many people are
> buying new cars 
> right now, so if you give the auto makers the money, it may
> just put 
> more unsold inventory into the pipeline which in turn
> increases the 
> entire problem they have in the first place.
> 
> Who says giving the auto makers the money will change their
> strategy?  
> If I had been a CEO of a major auto maker, I would have
> been re-thinking 
> business strategy years ago, not living with razor thin
> profits, or even 
> losses.  You don't run a successful business that way. 
> I wasn't too 
> surprised when they showed up in Congress the first time
> with no plan, 
> and frankly if they had a plan they wouldn't need the
> money in the first 
> place.  So if Congress wants to bail them out by giving
> them money, 
> fine, but let them get it as they deserve, from the
> taxpayers and not 
> directly from Congress.  Give the bailout money to the
> taxpayer and let 
> the taxpayer make the choice of who they bailout by
> exercising their tax 
> money as a vote when they buy a car.
> 
> It's an all around better idea.
> 
> Write your congressman (or woman)
> 
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