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	<title>Comments on: Motor City Meltdown</title>
	<atom:link href="http://www.thomaspalley.com/?feed=rss2&#038;p=144" rel="self" type="application/rss+xml" />
	<link>http://www.thomaspalley.com/?p=144</link>
	<description>Economics for Democratic and Open Societies</description>
	<pubDate>Tue, 07 Sep 2010 02:45:03 +0000</pubDate>
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		<title>By: steve</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128302</link>
		<dc:creator>steve</dc:creator>
		<pubDate>Tue, 09 Dec 2008 06:01:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128302</guid>
		<description>No bailout should ever be given because a person or government cannot play financial king. It never works and it won't work. The more they are to fix the more harm they eventually do.</description>
		<content:encoded><![CDATA[<p>No bailout should ever be given because a person or government cannot play financial king. It never works and it won&#8217;t work. The more they are to fix the more harm they eventually do.</p>
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		<title>By: M. Gaffney</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128299</link>
		<dc:creator>M. Gaffney</dc:creator>
		<pubDate>Mon, 08 Dec 2008 23:34:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128299</guid>
		<description>Ameran says - "There are two fundamental errors in your article, even though your view that the Big 3 must be saved is a given. "

No.  POSSIBLY "the big two", but it is considering letting Chrysler go under an option that's off the table in an industry that has far too much (US) car capacity?  Who says there has to be 3?  They sell cars at a LOSS!  They need to build less numbers of better cars and make a profit doing it.  I have an idea where they can get some money for them, end the ridiculous ethanol subsidy and Brazilian ethanol tariff.   Better yet, end ethanol, a policy parsecs beyond stupid.</description>
		<content:encoded><![CDATA[<p>Ameran says - &#8220;There are two fundamental errors in your article, even though your view that the Big 3 must be saved is a given. &#8221;</p>
<p>No.  POSSIBLY &#8220;the big two&#8221;, but it is considering letting Chrysler go under an option that&#8217;s off the table in an industry that has far too much (US) car capacity?  Who says there has to be 3?  They sell cars at a LOSS!  They need to build less numbers of better cars and make a profit doing it.  I have an idea where they can get some money for them, end the ridiculous ethanol subsidy and Brazilian ethanol tariff.   Better yet, end ethanol, a policy parsecs beyond stupid.</p>
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		<title>By: Cornholio</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128251</link>
		<dc:creator>Cornholio</dc:creator>
		<pubDate>Sat, 06 Dec 2008 14:53:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128251</guid>
		<description>I wouldn't let these clowns wash my car let alone build one. These zombies will suck more valuable resources right down the rabbit whole. The US is broke and sooner are latter the treasury market is going to blow a gasket.</description>
		<content:encoded><![CDATA[<p>I wouldn&#8217;t let these clowns wash my car let alone build one. These zombies will suck more valuable resources right down the rabbit whole. The US is broke and sooner are latter the treasury market is going to blow a gasket.</p>
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		<title>By: NATIONALIZE GENERAL MOTORS!!! &#171; GANGBOX: CONSTRUCTION WORKERS NEWS SERVICE</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128235</link>
		<dc:creator>NATIONALIZE GENERAL MOTORS!!! &#171; GANGBOX: CONSTRUCTION WORKERS NEWS SERVICE</dc:creator>
		<pubDate>Thu, 04 Dec 2008 23:47:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128235</guid>
		<description>[...] assuming something less than a complete collapse, costs would be devastating. And, as economist Thomas Palley has noted, industry bankruptcies would dramatically worsen the financial [...]</description>
		<content:encoded><![CDATA[<p>[...] assuming something less than a complete collapse, costs would be devastating. And, as economist Thomas Palley has noted, industry bankruptcies would dramatically worsen the financial [...]</p>
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		<title>By: Oliver Dreher</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128212</link>
		<dc:creator>Oliver Dreher</dc:creator>
		<pubDate>Wed, 03 Dec 2008 13:54:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128212</guid>
		<description>It is easy.  Bail the auto makers out with three conditions.  One, cap all industry compensation at $250,000, per person.  Second, tax all corporate profits at 100%.  Third and lastly, when companies make a product that is by some standard green, and meets collectively agreed upon mpg,safety,etc. then the particular division or company or product line team, will be allowed to repeal the first and second conditions.</description>
		<content:encoded><![CDATA[<p>It is easy.  Bail the auto makers out with three conditions.  One, cap all industry compensation at $250,000, per person.  Second, tax all corporate profits at 100%.  Third and lastly, when companies make a product that is by some standard green, and meets collectively agreed upon mpg,safety,etc. then the particular division or company or product line team, will be allowed to repeal the first and second conditions.</p>
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		<title>By: Ameran</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128189</link>
		<dc:creator>Ameran</dc:creator>
		<pubDate>Tue, 02 Dec 2008 20:22:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128189</guid>
		<description>There are two fundamental errors in your article, even though your view that the Big 3 must be saved is a given.  Yes, despite the fact that much of the $25b or whatever they end up getting will be stolen –truthfully, or wasted - PC,  in such an emergency they must have it.

These two fundamental errors are 
1.  this is really a pathetically childish game between two political elites,  Administration and Congress, who feel that they, and in fact do, own the country to see who blinks first.  This is especially true on the part of Congress, which in the course of the past 8 years were treated, and were, less than worms before the Administration, and did every single order, regardless,  and worse than any whore ever did.  For all we, the people, or the Big 3, are concerned, Congress can today pass a law giving $25b to them.  
Because in this naked robbery Paulson and his gangster buddies are right: they gave these Congress people $150b in bribe to be able to steal this $700b.  You musk know the money was $850b and NOT $700b.   So Paulson is saying, you already had your cut. So if you want $25b go give from your own cut or pass another bill.   Which means, none of these people even have a speck of the thieves’ honor of the past. 

2. The second error is that, why on earth – and this repeated often by so many people who are supposed to be well informed,  keep pushing the “bad apple” theory.  It was NOT Paulson, it was NOT Bush or Cheney, but the entire ruling class, both its Democratic faction and Republican faction were in all these unrivalled acts of robbery, murder, genocide, law-breaking, torture, spying, you name it together.   
You know where I am going,

Peace,</description>
		<content:encoded><![CDATA[<p>There are two fundamental errors in your article, even though your view that the Big 3 must be saved is a given.  Yes, despite the fact that much of the $25b or whatever they end up getting will be stolen –truthfully, or wasted - PC,  in such an emergency they must have it.</p>
<p>These two fundamental errors are<br />
1.  this is really a pathetically childish game between two political elites,  Administration and Congress, who feel that they, and in fact do, own the country to see who blinks first.  This is especially true on the part of Congress, which in the course of the past 8 years were treated, and were, less than worms before the Administration, and did every single order, regardless,  and worse than any whore ever did.  For all we, the people, or the Big 3, are concerned, Congress can today pass a law giving $25b to them.<br />
Because in this naked robbery Paulson and his gangster buddies are right: they gave these Congress people $150b in bribe to be able to steal this $700b.  You musk know the money was $850b and NOT $700b.   So Paulson is saying, you already had your cut. So if you want $25b go give from your own cut or pass another bill.   Which means, none of these people even have a speck of the thieves’ honor of the past. </p>
<p>2. The second error is that, why on earth – and this repeated often by so many people who are supposed to be well informed,  keep pushing the “bad apple” theory.  It was NOT Paulson, it was NOT Bush or Cheney, but the entire ruling class, both its Democratic faction and Republican faction were in all these unrivalled acts of robbery, murder, genocide, law-breaking, torture, spying, you name it together.<br />
You know where I am going,</p>
<p>Peace,</p>
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		<title>By: Saving Motor City &#171; Talking Union</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128179</link>
		<dc:creator>Saving Motor City &#171; Talking Union</dc:creator>
		<pubDate>Tue, 02 Dec 2008 01:49:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128179</guid>
		<description>[...] Palley, &#8220;Motor City Meltdown&#8220; The financial crisis that began in 2007 has been persistently marked by muddled thinking and [...]</description>
		<content:encoded><![CDATA[<p>[...] Palley, &#8220;Motor City Meltdown&#8220; The financial crisis that began in 2007 has been persistently marked by muddled thinking and [...]</p>
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		<title>By: Stephen Rose</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128173</link>
		<dc:creator>Stephen Rose</dc:creator>
		<pubDate>Mon, 01 Dec 2008 21:26:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128173</guid>
		<description>Thanks. You are right. I linked to this. I am pretty sure Barack agrees.</description>
		<content:encoded><![CDATA[<p>Thanks. You are right. I linked to this. I am pretty sure Barack agrees.</p>
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		<title>By: Why Barack Obama Should Bail Out Detroit &#171; Stephen C. Rose</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128172</link>
		<dc:creator>Why Barack Obama Should Bail Out Detroit &#171; Stephen C. Rose</dc:creator>
		<pubDate>Mon, 01 Dec 2008 21:23:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128172</guid>
		<description>[...] Why Barack Obama Should Bail Out&#160;Detroit By stephencrose  Thomas Palley disabuses us of the notion that not bailing out Detroit is fine and dandy. It isn&#8217;t. I assume Barack knows this and that he will be on the side of a serious bailout and rescue of the US auto industry. Make no mistake, if Detroit’s Big Three go bankrupt, the perfect storm really will have arrived with a collapse in both the real economy and the financial sector. This threat means that the financial bailout funds authorized by Congress can legitimately be used to support the automakers. Treasury’s refusal to do so is a monumental blunder that risks a general meltdown, the consequences of which will extend far beyond America’s shores. SOURCE [...]</description>
		<content:encoded><![CDATA[<p>[...] Why Barack Obama Should Bail Out&nbsp;Detroit By stephencrose  Thomas Palley disabuses us of the notion that not bailing out Detroit is fine and dandy. It isn&#8217;t. I assume Barack knows this and that he will be on the side of a serious bailout and rescue of the US auto industry. Make no mistake, if Detroit’s Big Three go bankrupt, the perfect storm really will have arrived with a collapse in both the real economy and the financial sector. This threat means that the financial bailout funds authorized by Congress can legitimately be used to support the automakers. Treasury’s refusal to do so is a monumental blunder that risks a general meltdown, the consequences of which will extend far beyond America’s shores. SOURCE [...]</p>
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		<title>By: when he reached one thousand spankings, where wild flowers grow, let them eat cake &#171; inkbluesky</title>
		<link>http://www.thomaspalley.com/?p=144#comment-128134</link>
		<dc:creator>when he reached one thousand spankings, where wild flowers grow, let them eat cake &#171; inkbluesky</dc:creator>
		<pubDate>Sat, 29 Nov 2008 18:21:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.thomaspalley.com/?p=144#comment-128134</guid>
		<description>[...] of Mr. Ford and why he should hardly be a hero to libertarians, let&#8217;&#8217;s move on to a recent post by economist Thomas Palley, The Big Three and their auto finance associates (such as GMAC) are huge debtors whose liabilities [...]</description>
		<content:encoded><![CDATA[<p>[...] of Mr. Ford and why he should hardly be a hero to libertarians, let&#8217;&#8217;s move on to a recent post by economist Thomas Palley, The Big Three and their auto finance associates (such as GMAC) are huge debtors whose liabilities [...]</p>
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