Reactions to story from http://cnn.com

• 

  Moore is Right.  And Wrong

  http://www.moorewatch.com/index.php/weblog/moore_is_right_an...
  47 days ago in MOOREWATCH - Watching Michael Moore's every move · Authority: 57

  You just knew the media was going to have to probe the wisdom of the creator of Roger and Me on the auto industry bailout. But, surprisingly, Moore actually says something right! Yeah, I know you don’t believe it. Here it is: I’ll tell you, it was hilarious just watching these CEOs there (Tuesday) and (Wednesday) testifying in Congress, saying that, you know, that the problem wasn’t theirs, you know, the cars they were building. It was the financial situation that we’re in now. The problem is the cars they’ve been building. They’ve never listened to the consumers. They’ve just gone about it their own wrong way. I’ll tell you, you know, I’m of mixed mind about this bailout, Larry, because I don’t think these companies, with these management people, should be given a dime, because that’s just going to be money going up in smoke or off to other countries. GM is currently building a $300 million factory in Russia right now to build SUVs, right outside of St. Petersburg. That’s where your money’s going to go, no matter what they say. Now, granted, he thinks their big problem is building cars overseas rather than here. He makes no mention of American companies paying 50% more per hour than other companies thanks to union benefits and featherbedding. And his cure is, if anything, worse than the disease: President-Elect Obama has to say to them, yes, we’re going to use this money to save these jobs, but we’re not going to build these gas-guzzling, unsafe vehicles any longer. We’re going to put the companies into some sort of receivership and we, the government, are going to hold the reigns on these companies. They’re to build mass transit. They’re to build hybrid cars. They’re to build cars that use little or no gasoline. We’re facing a national crisis, not just an economic crisis, but a crisis of the polar ice caps are melting. There’s only so much oil left under the Earth. We’re going to run out of that, if not in our children’s time, our grandchildren’s time. There’s got to be a plan set
• 

  Michael Moore Discusses the Automaker Bailout

  http://donklephant.com/2008/11/20/michael-moore-discusses-th...
  47 days ago in Donklephant · Authority: 376

  Last night, Michael Moore was on Larry King discussing the crisis facing American automakers. I thought it would be interesting to see what the man behind Roger & Me had to say about an industry thats far worse off now than it was when the film was
• 

  DrumBeat: November 20, 2008

  http://www.theoildrum.com/node/4787
  47 days ago in The Oil Drum | Discussions about Energy and Our Future · Authority: 1,147

  U.S. intel office adds warming to warnings: Report looking out to 2030 cites danger of water, food shortages A U.S. intelligence report coming out Thursday and likely to grab President-elect Barack Obama's attention is adding a new variable to the
• 

  Three Stories Worth Reading Regarding The Proposed Big 3 Bailout

  http://californianrefugee.blogspot.com/2008/11/three-stories...
  47 days ago in Californian Refugee · No authority yet

  Here are three disparate stories, each of which suggests a saner approach to moving forward than just handing out cash to losers, as the Big 3 have demanded...errr...requested.   Not all auto companies operating in the U.S. are failing - and these folks working in and around Honda's plant think badly run businesses, beholden to unions, should be allowed to fail. Concur.   Seth Godin suggests encouraging entrepreneurs to return the U.S. to the good old days of lots of car companies and lots of options for consumers - good call!   And finally, Michael Moore, whom I expected to be overly sympathetic to the union, and therefore all for bailing out the Big 3, has a refreshingly even-keeled take on a controlled receivership of some sort.
• 

  What’s Good for General Motors…

  http://www.bravenewwave.com/?p=1483
  47 days ago in Brave New Wave : Children of a Lesser Revolution Brave New Wave - Children of a Lesser RevolutionJust another WordPress weblog · No authority yet

  There has been much talk (and confusion) about the state of the auto industry and whether Congress will bail out the big three automakers. Last night, filmmaker Michael Moore was on Larry King Live and surprisingly, Moore’s statements made a lot of sense. Moore realizes that allowing GM, Chrysler, and Ford to implode will not necessarily teach the heads of the corporations or the union leaders whatever lessons you may think are necessary, instead they will cost millions more Americans their jobs: Embedded video from CNN Video Moore: Well, because we can‘t let all these people lose their jobs because of the bad decisions, the stupid decisions made by the management of these auto companies. I think what has to happen here is that Congress needs to pass some legislation, and our president-elect needs to do what Roosevelt did. When Roosevelt came in and when World War II faced the country, Roosevelt said to General Motors and Ford, you’re not going to build cars anymore. You’re going to build airplanes and tanks and guns and the things that we need for this war because we have a national crisis. General Motors had to do what Roosevelt told them they had to do. King: What do you want them to do now? Moore: President-Elect Obama has to say to them, yes, we‘re going to use this money to save these jobs, but we‘re not going to build these gas-guzzling, unsafe vehicles any longer. We’re going to put the companies into some sort of receivership and we, the government, are going to hold the reigns on these companies. They‘re to build mass transit. They‘re to build hybrid cars. They‘re to build cars that use little or no gasoline. We‘re facing a national crisis, not just an economic crisis, but a crisis of the polar ice caps are melting. There‘s only so much oil left under the Earth. We’re going to run out of that, if not in our children’s time, our grandchildren’s time.
• 

  On the auto bailout

  http://jimmy.bouma-holtrop.com/2008/11/20/on-the-auto-bailou...
  47 days ago in Jimmy · Authority: 1

  In two sentences Michael Moore sums up the entire problem with most major American companies (not just General Motors): Well, what really went wrong is that General Motors has had this philosophy from the beginning that what’s good for General Motors is good for the country. So, their attitude was we’ll build it and you buy it. We’ll tell you what to buy. You just buy it. Eventually, the consumer got smart and said, ‘You know what, I’d like a car that gets a little better gas mileage. I’d like a car that’s safer on the road,’ so they started to buy other cars. General Motors still wouldn’t change. They still kept building the wrong cars, and more and more people stopped buying them. -j

• Senate's Reid says no deal yet on bailout for Big Three

  in http://marketwatch.com

  47 days ago

  WASHINGTON (MarketWatch) -- The Big Three U.S. automakers must submit a new plan to Congress in order to be considered for U.S. aid, Senate Majority Leader Harry Reid said Thursday. Reid said auto-state senators had reached a compromise plan but that it

• Stocks extend losses as Reid says no deal for auto makers

  in http://marketwatch.com

  47 days ago

  NEW YORK (MarketWatch) -- U.S. equity markets extended losses late Thursday after Senate Majority Leader Harry Reid said the Big Three U.S. automakers must submit a new plan to Congress in order to be considered for U.S. aid. Reid said auto-state

• Dems want automakers to show bailout spending plan

  in http://cnn.com

  47 days ago

  Congressional Democrats are asking the Big Three automakers to submit a plan no later than December 2 for spending the $25 billion they have requested to rescue their companies, Senate Majority Leader Harry Reid said Thursday.

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