SHOULD WE STIMULATE EVERYONE?
We, the taxpayers have given hundreds of billions to banks to save the country’s financial system and free up credit. Now Cities, States and corporations all want money from us to save them from their past decisions.
Should we bailout the big three auto makers for another $25 Billion — we have already committed $25 Billion to help them make more fuel efficient cars. There appears to be more reasons not to do it verse reasons to give Billions more to an industry that is burning through $5 Billion in cash per month.
Some of the reasons to do nothing and let the companies fix there own problems are:
1) It’s unlikely that the Big Three automakers would suddenly STOP making vehicles placing millions of workers out of jobs. In fact, several airlines have emerged from Bankruptcy and emerge as a better company.
2) Have you noticed there have been no auto strikes for decades as management has given Union bosses what they want to ensure their bonuses. The Big Three average hourly wage is now $73.20, compared to $48 for a Toyota worker or $31.75 for other workers in manufacturing industries.
3) Foreign automakers are no longer foreign at all. They employ over 112,000 workers in many US cities. These companies prove that you can make a profit making vehicles people want. Why reward an industry that has continually fought fuel economy standards? Also, current Big Three management says they will not leave as a condition of a bailout.
It appears the current mix of Republican and Democrat conservatives will stop another auto bailout for now, but will the next Congress will spend whatever money it takes to “save Jobs”.
GLOBAL WARMING MISTAKE?
A surreal scientific blunder last week raised a huge question mark about the temperature records that underpin the worldwide alarm over global warming. On Monday, Nasa’s Goddard Institute for Space Studies (GISS), which is run by Al Gore’s chief scientific ally, Dr James Hansen, and is one of four bodies responsible for monitoring global temperatures, announced that last month was the hottest October on record. The reason for the freak figures was that scores of temperature records from Russia and elsewhere were not based on October readings at all. Figures from the previous month had simply been carried over and repeated two months running. READ BELOW for startling revelations.
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/11/16/do1610.xml
UPDATE: 7 Mar 2009
Lake Superior is freezing over
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Lake Superior last froze over in 2003. It has now, again, frozen over. The frequency of freeze overs has historically been around once every 20 years. Now, in the last decade, we have seen two freeze overs.
The picture below is a beautiful satellite photo of Lake Superior from yesterday. With the well below freezing temperatures seen over the region Thursday night (-20 F), any isolated open water could have frozen.
http://wattsupwiththat.com/2009/03/07/lake-superior-is-freezing-over/
If you look at recent reports === many in the scientific and media worlds do not say “global Warming” any longer == they changed to “Climate Change”. Is that because we have had the coldest weather since 1950 in many parts of the US, China and Europe so far this year???
By: Bdehler on December 30, 2008
at 5:17 PM