June 06, 2009
April 02, 2009
March 03, 2009
“One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.”
—Ayn Rand, 1975
CAFE, crippling taxes, and government-backed organized crime (i.e. UAW), leading right up to now, when articles like this can be written and taken seriously. Deliberate? No, I'm not saying there's a conspiracy here, but damned if it didn't just sorta end up that way.
March 02, 2009
Upside? My '02 Altima has a higher blue book value than the median December home sale price for Detroit. This is a city run by democrats for longer than any of its residents has been alive. I'm sure it's just a coincidence that it's an absolute shithole.
November 19, 2008
The great big things that would actually help the Detroit auto industry aren't even under discussion: loosening of CAFE standards, and busting the UAW with right-to-work (preferably at the national level). Any outpouring of Fed funds (i.e. money from the pockets of hundreds of millions of Americans that had nothing to do with the crapping out of Ford, GM, and Chrysler*) without impossible alteration of the regulatory environment or the way Detroit does business would be the equivalent of setting the money on fire.
UAW and management walked into this poopstorm hand in hand, with the expectation that the good times for Detroit would never end. Neither of them has any chance of fixing this now without the binding arbitration of Chaper 11 bankruptcy. Without UAW holding management's hand in a death grip, we might not have got to this point. Look around on the blogs right now, and find plenty of UAW astroturf. Sentiment against them is growing, and they're waging the same sort of PR war that Axelrod waged on behalf of Obama during the election.
If we're very, very lucky, DC democrats will crap on Michigan. Most of them have nothing to lose by doing so (and plenty to gain in their home states by being "against the bailout"), and there's already a good chance that Dingell will lose his commitee headship. We'll see how this plays out, I suppose.
*for limited meanings of the word "Chrysler"
October 18, 2008
Major plus? Nissan might get the Jeep brand, and I might finally be able to buy a Wrangler with a clear conscience. Unless they screw the pooch and leave it in UAW hands, of course.
October 06, 2008
October 02, 2008
I note this story because the big 2.5 are getting their sweet loan. Thanks Debbie, I feel sufficiently kneecapped.
For the record, I'm against the big bailout, which Debbie voted against (shock), though her vote against was because it wasn't quite socialist enough for her. A stopped clock...
September 19, 2008
I need to take a look at InTrade and see if I can get anyone to bet me he'll actually come back to do his jail time.
September 10, 2008
Many thanks to Deideldorfer.
September 04, 2008
Update: jail time! 4 months in prison, cannot run for public office for 5 years! Still no link, listening to the radio.
Update: I neglected to mention, this makes Monica Conyers the City Council president.
September 03, 2008
Apparently he saw the writing on the wall during his hearing with Jenny (from the block) that he might get removed from office before the conclusion of the criminal trial. Since that'd pretty much eliminate his only bargaining chip against a series of dead-to-rights charges, he took the only way out that might not put him behind bars. If this bastard walks free and gets his pension at the end of all this, it's all been nothing but a farce. Plea deal becomes public tomorrow, I guess we'll know then.
What really kills me is that he could probably run for another term as mayor, and win.
September 02, 2008
August 07, 2008
No link yet, heard on the Frank Beckman show.
Update: Detroit Free Press. H/T IreneFingIrene in AoSHQ comments.
Cackling is encouraged by all the staff here at ASM (i.e. me).
Update, the sequel: I forgot to mention that Mr. Kilpatrick is a Democrat Party Superdelegate, who supports Obama.
August 03, 2008
Let's start with the easy one. You're term-limited anyhow, you've got nothing to lose, so why not announce that you're willing to sign legislation making MI a right-to-work state. I'm guessing the state legislature can have that law on your desk in a matter of days. MI wins by breaking the Big Labor stranglehold, you get to be on the side of freedom and prosperity for a change. Of course, you may want to get as far from MI as you can after your term ends. Possibly back to Canada.
August 01, 2008
I'm wondering how long it will take Granholm to push for a state or federal bailout. I fully expect the state to "loan" huge amounts of money to GM and Ford, driving up the state debt even more, probably counting on revenues from the asinine "Michigan = Hollywood" plan. Why? GM is "too big to fail" in common parlance. Employs too many people, owns too much real estate, generates too much tax revenue; too big to fail. All of those are value judgments about what constitutes "too many" or "too much", and none of them are reasonable. Michigan's auto industry is dying, for a lot of reasons, and Michigan will not and cannot succeed by keeping them on life support.
In fact, I strongly suspect that GM and Ford are committing "suicide" at this point. Knowing that they are too big to fail, they're counting on the bailouts, and deliberately setting themselves up to be as unprofitable as possible... for the moment. I'm sure they aren't profitable, of course, but any legitimate accounting procedure or suboptimal plan that lets them be even less so increases the chance they'll be bailed out. The government bailed out Chrysler in 1979 (thanks Jimmy!), and look how well that turned out. The precedent is set, the fix is in. Further, the execs and GM and Ford have literally nothing to lose. If they somehow aren't bailed out, they get to declare bankruptcy, and maybe -- just maybe -- shed MI and the UAW once and for all. The real winner in all this could be Alabama, Mississippi, Louisiana, or some other Right-to-Work state.
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