Ben Stein Watch: November 8, 2008 12 comments
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Just how much does Ben Stein love his "mighty Cadillac STS-V"? So much, it seems, that he considers its survival a matter of national security. Srsly:
The national security considerations make saving General Motors, Ford and Chrysler a life-or-death matter.
I wish I were making this up. I'm not:
We'll want a G.M. or a Chrysler when it's time to make tanks and Humvees.
I guess we were all kidding ourselves about China being any kind of military force so long as it didn't have "a large automobile and truck industry". And of course Detroit doesn't make tanks:For that kind of thing you'd probably be better off looking to General Dynamics. As for the Humvee, it's built by a company called AM General, which was smart enough to sell the Hummer brand name to GM.
But Ben Stein, of course, never lets facts get in the way of a nice piece of alarmism: if we don't bail out Detroit, we're all going to die!
Stein also casts his entire column as advice for "a new leader of the United States" and "a Democratic president" -- not only can't he bring himself to use the name "Obama", but he can't even use the definite article. Although he has no problem using the word "herewith" -- he's never been lacking in pompousness.
The greatest bit of bensteinery in the column, however, comes when he starts talking about "relocation assistance" as an alternative to job retraining:
I am endlessly amazed that I have to pay about $60 an hour to hang a mirror in Rancho Mirage, Calif., and that there is a shortage of reliable handymen there. This has implications for hard-working machinists being laid off in Detroit. Maybe there is some merit to a fund that would take workers where they want to go and are needed.
Doesn't your heart just bleed? It's so hard to find good staff these days. And there's something to be said for uprooting skilled workers from Detroit and put them to work hanging mirrors for Ben Stein in Palm Springs. After all, a little bit more reflection in his life would surely do Stein a world of good.
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I don't get Mr. Stein's relocation assistance for handymen. If we don't manufacture goods in our country for export, we won't have people who can afford to upgrade their homes or get handywork done. Exporting services is not nearly as lucrative as exporting manufactured goods. That applies to the whole economy as well as individual workers, engineers, marketers, etc...
UH2L
www.thingsivenoticed.c...
There must be many reasons why a business fail, you must find out those reasons.
The workers are not the same as those 60 years ago.
Find out who are destroying the American big business such as the Steel, Auto, Airlines, and many others. Why many industries are fleeing the US. Why medical cost so high. Unions ? Law suits ? Loyalty ? Culture ? Politics ? and so on. Let the truth out. And let the American people decide. To help the banks maybe a one time deal, but helping the automakers maybe a long long and never ending commitment. As Cramer said, the Black Hole. Don't link war into this matter.
if the u.s. had sound underlying economic policies that include a strong dollar, reduced reliance on foreign oil, balanced budgets and adequate pricing of risk, our economic growth would be real and sustainable and our national security would not depend on the failure of one company or another. o
to "save" an industry as mismanaged as the american automobile industry in the name of national security somehow doesn't make me feel too secure....financially or militarily.
if we let national security issues shape economic policy in this country we can kiss the economic frreedom that underlies capitalism goodbye.
Truth is, as far as I can research, GM & Ford will essentially be Chinese companies by 2015 whether we bail them out or not. Shanghai will be the largest concentration of design and production in GM and Ford's history. Seems that both are enjoying record profits overseas; Domestic markets are their downfall. Especially now that truck sales, their lifeline, are way down. Ford has, though, opened one shift to make the F150, sales are up again now that gasoline is so cheap. They have no domestic market left. Toyota, Honda, Nissan, Mazda, Hyundai, KIA,
even VW, will insure that. Since the Arabs turned off the spigot in 1973, seems like Detroit could not adapt. In 35 years, they could not abide the "Japs" ever overtaking them and kept putting out "Detroit Iron". We gave them NAFTA and that didn't save them. I will buy a Japanese TV made in China and not think twice about it. When I think back, funny how the Japanese have contributed more positive benefits to my consumer life than any American company. Does Ben care? No bail out for Ford or GM! Help retrain their workers, even help them relocate. We need nurses and doctors in rural areas. We need so many things they could be retrained to do. In WWII, surgical technicians were trained because doctors were in short supply. We can do the same kind of thing this time around.