UseMyFedTaxesInMyState's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/301248/comments http://seekingalpha.com/article/129495-remodeling-the-auto-industry-barron-s?source=feed#comment-452886 452886 For example if Japan were "Remodeling the Auto Industry", does anyone believe that the Japanese government would decide to reduce Toyota's workforce, dealer body etc... to allow a foreign company to become the largest manufacturer in Japan?

If Germany were "Remodeling the Auto Industry", does anyone believe that the German government would decide to reduce Volkswagen's workforce, dealer body etc... to allow a foreign company to become the largest manufacturer in Germany?

In what twisted reality does the "Un-United States" have its head?]]> Sun, 05 Apr 2009 23:20:35 -0400 For example if Japan were "Remodeling the Auto Industry", does anyone believe that the Japanese government would decide to reduce Toyota's workforce, dealer body etc... to allow a foreign company to become the largest manufacturer in Japan?

If Germany were "Remodeling the Auto Industry", does anyone believe that the German government would decide to reduce Volkswagen's workforce, dealer body etc... to allow a foreign company to become the largest manufacturer in Germany?

In what twisted reality does the "Un-United States" have its head?]]> http://seekingalpha.com/article/128265-gm-execs-fill-up-on-the-taxpayer-s-dime?source=feed#comment-443354 443354
Throughout the article and in many of the comments - many have omitted the context of the "sacred cow" of retaining or increasing the availability of high-paying jobs in the USA.

The blogosphere should spend their "valuable" time & intellect discussing ways to increase the "sacred cow" of high paying jobs instead of becoming a "digital tabloid"]]> Sat, 28 Mar 2009 10:13:42 -0400
Throughout the article and in many of the comments - many have omitted the context of the "sacred cow" of retaining or increasing the availability of high-paying jobs in the USA.

The blogosphere should spend their "valuable" time & intellect discussing ways to increase the "sacred cow" of high paying jobs instead of becoming a "digital tabloid"]]> http://seekingalpha.com/article/128265-gm-execs-fill-up-on-the-taxpayer-s-dime?source=feed#comment-443201 443201 - Free food and drink at restaurants for employees [who pays for this?]
- Reduced or free airfares for airlines employees [who pays for this?]
- Discounts on computers and software for employees in IT [computer and software[ firms [who pays for this?]
- Discounts on retail goods for retail employees [who pays for this?]
- Reduced building material costs, appliance costs for contractors and home builders [who pays for this?]
- Reduced rates or free stays for employees of resorts and hotel chains [who pays for this?]
- Reduced rates for employees of wireless telephone services [who pays for this?]
-Free or reduced cost tickets/access to sporting events for professional athletes and their friends/family [who pays for this?]
- Free medicine and reduced costs of medical procedures for employees [including doctors] in the medical or dental field [who pays for this?]

Are the above just inefficiencies in our capitalistic system? Are they just the cost of doing business? Do they support improving the quality of services? Are they a reasonable substitute for reduced "market rate" compensation?

In the end, we all pay for the way the entire capitalistic system is organized. If one wants to purify the system of all non-cash compensation, it must be even handed across all industries as well as government.]]> Sat, 28 Mar 2009 01:54:53 -0400 - Free food and drink at restaurants for employees [who pays for this?]
- Reduced or free airfares for airlines employees [who pays for this?]
- Discounts on computers and software for employees in IT [computer and software[ firms [who pays for this?]
- Discounts on retail goods for retail employees [who pays for this?]
- Reduced building material costs, appliance costs for contractors and home builders [who pays for this?]
- Reduced rates or free stays for employees of resorts and hotel chains [who pays for this?]
- Reduced rates for employees of wireless telephone services [who pays for this?]
-Free or reduced cost tickets/access to sporting events for professional athletes and their friends/family [who pays for this?]
- Free medicine and reduced costs of medical procedures for employees [including doctors] in the medical or dental field [who pays for this?]

Are the above just inefficiencies in our capitalistic system? Are they just the cost of doing business? Do they support improving the quality of services? Are they a reasonable substitute for reduced "market rate" compensation?

In the end, we all pay for the way the entire capitalistic system is organized. If one wants to purify the system of all non-cash compensation, it must be even handed across all industries as well as government.]]> http://seekingalpha.com/article/113299-will-2009-be-any-better-for-car-companies?source=feed#comment-347203 347203 Tue, 06 Jan 2009 07:33:33 -0500 http://seekingalpha.com/article/111816-general-motors-the-next-growth-story?source=feed#comment-335912 335912 If one considers the Japanese automotive market, one may recognize how restrictive it is to import foreign automobiles into Japan. Why is it that Japan does not offer financial or tax incentives to foreign auto manufacturers to build plants in Japan? Yet, in the US, we continue to incentivize foreign manufacturers to build additional auto manufacturing capacity. In their home market, the Japanese have learned it is not wise to misallocate human resources by “seeding” additional auto jobs.

Our land of the "free" eventually becomes the land of the "excess" in which the foreign companies get what they want, yet American taxpayers are left to financially reconcile the consequences of our own poor resources planning and strategy.
]]> Mon, 22 Dec 2008 13:29:54 -0500 If one considers the Japanese automotive market, one may recognize how restrictive it is to import foreign automobiles into Japan. Why is it that Japan does not offer financial or tax incentives to foreign auto manufacturers to build plants in Japan? Yet, in the US, we continue to incentivize foreign manufacturers to build additional auto manufacturing capacity. In their home market, the Japanese have learned it is not wise to misallocate human resources by “seeding” additional auto jobs.

Our land of the "free" eventually becomes the land of the "excess" in which the foreign companies get what they want, yet American taxpayers are left to financially reconcile the consequences of our own poor resources planning and strategy.
]]> http://seekingalpha.com/article/100867-buy-a-gm-car-get-50-shares-free?source=feed#comment-335121 335121
Awards: www.chevrolet.com/2009.../
Best in Class Highway Mileage: www.chevrolet.com/pop/...
JDPower Highest Initial Quality: www.chevrolet.com/pop/...]]> Sun, 21 Dec 2008 14:32:18 -0500
Awards: www.chevrolet.com/2009.../
Best in Class Highway Mileage: www.chevrolet.com/pop/...
JDPower Highest Initial Quality: www.chevrolet.com/pop/...]]> http://seekingalpha.com/article/111705-could-it-be-bailout-envy?source=feed#comment-335074 335074 It should not go unnoticed that Senator Bob Corker, as mayor of Chattanooga, probably played a significant role in marshalling over $0.5 Billion Dollars in incentives to have a foreign automaker, VW, build a plant in Chattanooga – all in the name of 2000 plus automaker jobs in Tennessee.

Check out this video:
www.youtube.com/watch?...

It should also not go unnoticed that Senator Richard Shelby has been instrumental in marshalling at least as much as Corker has to build foreign auto plants in Alabama – all in the name of jobs.

Other videos of interest:
www.youtube.com/watch?...
www.youtube.com/watch?...
www.youtube.com/watch?...
www.youtube.com/watch?...
]]> Sun, 21 Dec 2008 13:05:47 -0500 It should not go unnoticed that Senator Bob Corker, as mayor of Chattanooga, probably played a significant role in marshalling over $0.5 Billion Dollars in incentives to have a foreign automaker, VW, build a plant in Chattanooga – all in the name of 2000 plus automaker jobs in Tennessee.

Check out this video:
www.youtube.com/watch?...

It should also not go unnoticed that Senator Richard Shelby has been instrumental in marshalling at least as much as Corker has to build foreign auto plants in Alabama – all in the name of jobs.

Other videos of interest:
www.youtube.com/watch?...
www.youtube.com/watch?...
www.youtube.com/watch?...
www.youtube.com/watch?...
]]> http://seekingalpha.com/article/111697-despite-everything-capitalism-is-alive-and-well?source=feed#comment-335058 335058 A few examples to larger impediments to “free market capitalism” are the following:
1] Legacy costs related to pensions and healthcare of older companies. If the US government does not “re-structure” this social environment, all companies will eventually shoulder this burden increasingly as they age. One potential solution in the current environment would be to only have companies that are less than 25 years old. That way a company would not have any employees retiring or requiring expensive medical care.
2] Currency manipulations by foreign governments that cause inconsistent economic value transfer into foreign markets.
3] Decades of "Bail-Ins" that state and local governments have provided primarily to transplant auto companies. Significant growth in taxpayer subsidized new auto manufacturing capacity – in the name of jobs – has demonstrated the consequences of an incoherent national industrial policy over the last 25 years. It should not go unnoticed that Senator Bob Corker, as mayor of Chattanooga, probably played a significant role in marshalling over $0.5 Billion Dollars in incentives to have a foreign automaker, VW, build a plant in Chattanooga – all in the name of 2000 plus automaker jobs in Tennessee.
The biggest paradox of so-called “free market capitalism” is that the market is NOT free of obligations and consequences. If one looks at any area where there have been incentives to grow markets like, automotive manufacturing, housing, and retail, - one can see an explosion of overcapacity that has lead to economic breakdowns for the constituents in those markets.
For many years, many have assumed that the lack of a coherent economic plan is a plan. The lack of a real US economic plan does not work in the context of foreign countries that have robust economic strategies.
Refer to this article: www.businessweek.com/m...
]]> Sun, 21 Dec 2008 12:32:18 -0500 A few examples to larger impediments to “free market capitalism” are the following:
1] Legacy costs related to pensions and healthcare of older companies. If the US government does not “re-structure” this social environment, all companies will eventually shoulder this burden increasingly as they age. One potential solution in the current environment would be to only have companies that are less than 25 years old. That way a company would not have any employees retiring or requiring expensive medical care.
2] Currency manipulations by foreign governments that cause inconsistent economic value transfer into foreign markets.
3] Decades of "Bail-Ins" that state and local governments have provided primarily to transplant auto companies. Significant growth in taxpayer subsidized new auto manufacturing capacity – in the name of jobs – has demonstrated the consequences of an incoherent national industrial policy over the last 25 years. It should not go unnoticed that Senator Bob Corker, as mayor of Chattanooga, probably played a significant role in marshalling over $0.5 Billion Dollars in incentives to have a foreign automaker, VW, build a plant in Chattanooga – all in the name of 2000 plus automaker jobs in Tennessee.
The biggest paradox of so-called “free market capitalism” is that the market is NOT free of obligations and consequences. If one looks at any area where there have been incentives to grow markets like, automotive manufacturing, housing, and retail, - one can see an explosion of overcapacity that has lead to economic breakdowns for the constituents in those markets.
For many years, many have assumed that the lack of a coherent economic plan is a plan. The lack of a real US economic plan does not work in the context of foreign countries that have robust economic strategies.
Refer to this article: www.businessweek.com/m...
]]> http://seekingalpha.com/article/110520-uaw-pricing-itself-out-of-the-auto-market?source=feed#comment-335035 335035 > Senator Bob Corker's proposal is in fact the solution. This gentleman
> is a true patriot and cares about us - strange but caring about "us"
> rarely if ever becomes a topic, it's always the so called "big three"
> and the "union".

It should not go unnoticed that Corker, as mayor of Chattanooga, probably played a significant role in marshalling over $0.5 Billion Dollars in incentives to have a foreign automaker, VW, build a plant in Chattanooga – all in the name of 2000 plus automaker jobs in Tennessee. ]]> Sun, 21 Dec 2008 11:54:19 -0500 > Senator Bob Corker's proposal is in fact the solution. This gentleman
> is a true patriot and cares about us - strange but caring about "us"
> rarely if ever becomes a topic, it's always the so called "big three"
> and the "union".

It should not go unnoticed that Corker, as mayor of Chattanooga, probably played a significant role in marshalling over $0.5 Billion Dollars in incentives to have a foreign automaker, VW, build a plant in Chattanooga – all in the name of 2000 plus automaker jobs in Tennessee. ]]> http://seekingalpha.com/article/111680-offer-ford-a-bridge-loan-to-buy-gm-assets?source=feed#comment-335027 335027 Regarding Kee’s “Formal Proposal”:
-“Treat General Motors, Ford and Chrysler as separate entities.” – That is already what is being done – Nothing new about this.
-“Recognize that Ford is the most stable.” – Everyone already knows this – however, Ford’s stability is dependent on the rest of the industry being stable as well. Supplier- base stability is critical.
- “Offer a bridge loan to Ford”– Ford has not asked for this. Why give taxpayer money to someone who is not requesting it right now?
- “Allow General Motors to fail, and wipe out all legacy costs.” – Dumb idea. Legacy costs get transferred to Federal Government: Pensions and Healthcare costs would then be owned by the taxpayer- a “Wipe In”. In addition, a national economic disruption of this magnitude would cause many more businesses to take big hits with thousands or millions of people no longer employed.
- “Facilitate the purchase of GM assets by Ford using the bridge loan.” What specific assets would Ford purchase and for how much money?
- “The purchased assets should be lean and near profitable.” How would you specifically analyze and quantify this?
- “Ford should be able to repay the bridge loan with those revenues.” Again, specifically what amount are we talking about?
- “Chrysler should be left idle until they decide to declare bankruptcy too.” How do you quantify the economic effect of an automotive financing company, Chrysler Finance, not being solvent and it’s economic ramifications on the rest of the automotive industry.
- “Once Chrysler declares bankruptcy a similar transaction should occur.” – Are you suggesting that Ford also acquire Chrysler assets and perform a similar transaction?
In summary, most of Kee’s proposal does not make much sense, unless one wants a fairly complete unraveling of the US economy.
]]> Sun, 21 Dec 2008 11:42:59 -0500 Regarding Kee’s “Formal Proposal”:
-“Treat General Motors, Ford and Chrysler as separate entities.” – That is already what is being done – Nothing new about this.
-“Recognize that Ford is the most stable.” – Everyone already knows this – however, Ford’s stability is dependent on the rest of the industry being stable as well. Supplier- base stability is critical.
- “Offer a bridge loan to Ford”– Ford has not asked for this. Why give taxpayer money to someone who is not requesting it right now?
- “Allow General Motors to fail, and wipe out all legacy costs.” – Dumb idea. Legacy costs get transferred to Federal Government: Pensions and Healthcare costs would then be owned by the taxpayer- a “Wipe In”. In addition, a national economic disruption of this magnitude would cause many more businesses to take big hits with thousands or millions of people no longer employed.
- “Facilitate the purchase of GM assets by Ford using the bridge loan.” What specific assets would Ford purchase and for how much money?
- “The purchased assets should be lean and near profitable.” How would you specifically analyze and quantify this?
- “Ford should be able to repay the bridge loan with those revenues.” Again, specifically what amount are we talking about?
- “Chrysler should be left idle until they decide to declare bankruptcy too.” How do you quantify the economic effect of an automotive financing company, Chrysler Finance, not being solvent and it’s economic ramifications on the rest of the automotive industry.
- “Once Chrysler declares bankruptcy a similar transaction should occur.” – Are you suggesting that Ford also acquire Chrysler assets and perform a similar transaction?
In summary, most of Kee’s proposal does not make much sense, unless one wants a fairly complete unraveling of the US economy.
]]> http://seekingalpha.com/article/111680-offer-ford-a-bridge-loan-to-buy-gm-assets?source=feed#comment-335025 335025 Regarding Kee’s “Formal Proposal”:
• “Treat General Motors, Ford and Chrysler as separate entities.” – That is already what is being done – Nothing new about this.
• “Recognize that Ford is the most stable.” – Everyone already knows this – however, Ford’s stability is dependent on the rest of the industry being stable as well. Supplier- base stability is critical.
• “Offer a bridge loan to Ford”– Ford has not asked for this. Why give taxpayer money to someone who is not requesting it right now?
• “Allow General Motors to fail, and wipe out all legacy costs.” – Dumb idea. Legacy costs get transferred to Federal Government: Pensions and Healthcare costs would then be owned by the taxpayer- a “Wipe In”. In addition, a national economic disruption of this magnitude would cause many more businesses to take big hits with thousands or millions of people no longer employed.
• “Facilitate the purchase of GM assets by Ford using the bridge loan.” What specific assets would Ford purchase and for how much money?
• “The purchased assets should be lean and near profitable.” How would you specifically analyze and quantify this?
• “Ford should be able to repay the bridge loan with those revenues.” Again, specifically what amount are we talking about?
• “Chrysler should be left idle until they decide to declare bankruptcy too.” How do you quantify the economic effect of an automotive financing company, Chrysler Finance, not being solvent and it’s economic ramifications on the rest of the automotive industry.
• “Once Chrysler declares bankruptcy a similar transaction should occur.” – Are you suggesting that Ford also acquire Chrysler assets and perform a similar transaction?
In summary, most of Kee’s proposal does not make much sense, unless one wants a fairly complete unraveling of the US economy.
]]> Sun, 21 Dec 2008 11:42:15 -0500 Regarding Kee’s “Formal Proposal”:
• “Treat General Motors, Ford and Chrysler as separate entities.” – That is already what is being done – Nothing new about this.
• “Recognize that Ford is the most stable.” – Everyone already knows this – however, Ford’s stability is dependent on the rest of the industry being stable as well. Supplier- base stability is critical.
• “Offer a bridge loan to Ford”– Ford has not asked for this. Why give taxpayer money to someone who is not requesting it right now?
• “Allow General Motors to fail, and wipe out all legacy costs.” – Dumb idea. Legacy costs get transferred to Federal Government: Pensions and Healthcare costs would then be owned by the taxpayer- a “Wipe In”. In addition, a national economic disruption of this magnitude would cause many more businesses to take big hits with thousands or millions of people no longer employed.
• “Facilitate the purchase of GM assets by Ford using the bridge loan.” What specific assets would Ford purchase and for how much money?
• “The purchased assets should be lean and near profitable.” How would you specifically analyze and quantify this?
• “Ford should be able to repay the bridge loan with those revenues.” Again, specifically what amount are we talking about?
• “Chrysler should be left idle until they decide to declare bankruptcy too.” How do you quantify the economic effect of an automotive financing company, Chrysler Finance, not being solvent and it’s economic ramifications on the rest of the automotive industry.
• “Once Chrysler declares bankruptcy a similar transaction should occur.” – Are you suggesting that Ford also acquire Chrysler assets and perform a similar transaction?
In summary, most of Kee’s proposal does not make much sense, unless one wants a fairly complete unraveling of the US economy.
]]> http://seekingalpha.com/article/111680-offer-ford-a-bridge-loan-to-buy-gm-assets?source=feed#comment-335024 335024 Regarding Kee’s “Formal Proposal”:
• “Treat General Motors, Ford and Chrysler as separate entities.” – That is already what is being done – Nothing new about this.
• “Recognize that Ford is the most stable.” – Everyone already knows this – however, Ford’s stability is dependent on the rest of the industry being stable as well. Supplier- base stability is critical.
• “Offer a bridge loan to Ford”– Ford has not asked for this. Why give taxpayer money to someone who is not requesting it right now?
• “Allow General Motors to fail, and wipe out all legacy costs.” – Dumb idea. Legacy costs get transferred to Federal Government: Pensions and Healthcare costs would then be owned by the taxpayer- a “Wipe In”. In addition, a national economic disruption of this magnitude would cause many more businesses to take big hits with thousands or millions of people no longer employed.
• “Facilitate the purchase of GM assets by Ford using the bridge loan.” What specific assets would Ford purchase and for how much money?
• “The purchased assets should be lean and near profitable.” How would you specifically analyze and quantify this?
• “Ford should be able to repay the bridge loan with those revenues.” Again, specifically what amount are we talking about?
• “Chrysler should be left idle until they decide to declare bankruptcy too.” How do you quantify the economic effect of an automotive financing company, Chrysler Finance, not being solvent and it’s economic ramifications on the rest of the automotive industry.
• “Once Chrysler declares bankruptcy a similar transaction should occur.” – Are you suggesting that Ford also acquire Chrysler assets and perform a similar transaction?
In summary, most of Kee’s proposal does not make much sense, unless one wants a fairly complete unraveling of the US economy.
]]> Sun, 21 Dec 2008 11:41:29 -0500 Regarding Kee’s “Formal Proposal”:
• “Treat General Motors, Ford and Chrysler as separate entities.” – That is already what is being done – Nothing new about this.
• “Recognize that Ford is the most stable.” – Everyone already knows this – however, Ford’s stability is dependent on the rest of the industry being stable as well. Supplier- base stability is critical.
• “Offer a bridge loan to Ford”– Ford has not asked for this. Why give taxpayer money to someone who is not requesting it right now?
• “Allow General Motors to fail, and wipe out all legacy costs.” – Dumb idea. Legacy costs get transferred to Federal Government: Pensions and Healthcare costs would then be owned by the taxpayer- a “Wipe In”. In addition, a national economic disruption of this magnitude would cause many more businesses to take big hits with thousands or millions of people no longer employed.
• “Facilitate the purchase of GM assets by Ford using the bridge loan.” What specific assets would Ford purchase and for how much money?
• “The purchased assets should be lean and near profitable.” How would you specifically analyze and quantify this?
• “Ford should be able to repay the bridge loan with those revenues.” Again, specifically what amount are we talking about?
• “Chrysler should be left idle until they decide to declare bankruptcy too.” How do you quantify the economic effect of an automotive financing company, Chrysler Finance, not being solvent and it’s economic ramifications on the rest of the automotive industry.
• “Once Chrysler declares bankruptcy a similar transaction should occur.” – Are you suggesting that Ford also acquire Chrysler assets and perform a similar transaction?
In summary, most of Kee’s proposal does not make much sense, unless one wants a fairly complete unraveling of the US economy.
]]> http://seekingalpha.com/article/110967-if-cars-are-the-problem-they-can-also-be-the-solution?source=feed#comment-331028 331028 Tue, 16 Dec 2008 11:44:55 -0500 http://seekingalpha.com/article/110520-uaw-pricing-itself-out-of-the-auto-market?source=feed#comment-329089 329089 Sun, 14 Dec 2008 11:57:00 -0500 http://seekingalpha.com/article/110511-auto-industry-watch-you-can-t-get-different-results-doing-the-same-thing?source=feed#comment-328673 328673 www.nemw.org/taxburd.h... , MICH Return on Federal Tax Dollars is 0.94. TN is 1.29, AL is 1.63, and MS is 2.02. Why should Michigan federal taxes subsidize building more automotive manufacturing capacity in the South, when this nation already has enough capacity? Give Michigan its money back.]]> Sun, 14 Dec 2008 01:22:35 -0500 www.nemw.org/taxburd.h... , MICH Return on Federal Tax Dollars is 0.94. TN is 1.29, AL is 1.63, and MS is 2.02. Why should Michigan federal taxes subsidize building more automotive manufacturing capacity in the South, when this nation already has enough capacity? Give Michigan its money back.]]> http://seekingalpha.com/article/110450-let-s-hope-the-auto-bailout-has-failed-for-good?source=feed#comment-328391 328391
This is a moment in which many nations are watching and confirming that the United States are NOT united.

My sense is that other countries would assist their industries to weather these economic conditions.]]> Sat, 13 Dec 2008 14:41:14 -0500
This is a moment in which many nations are watching and confirming that the United States are NOT united.

My sense is that other countries would assist their industries to weather these economic conditions.]]> http://seekingalpha.com/article/110511-auto-industry-watch-you-can-t-get-different-results-doing-the-same-thing?source=feed#comment-328374 328374 Sat, 13 Dec 2008 14:28:57 -0500 http://seekingalpha.com/article/106710-gm-s-letter-to-car-owners-reeks-of-desperation?source=feed#comment-309626 309626
Perhaps other governments, like China, may be more interested than our government in assisting the american OEMs. A failed american auto industry puts the job loss burden back into local, state, and national government unemployment and healthcare plans. That seems like more unwise economic hubris.]]> Wed, 19 Nov 2008 07:32:02 -0500
Perhaps other governments, like China, may be more interested than our government in assisting the american OEMs. A failed american auto industry puts the job loss burden back into local, state, and national government unemployment and healthcare plans. That seems like more unwise economic hubris.]]>