Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info
Cutting The Cord And Email Security
Moron Meet-Ups





















Overnight Thread (genghis) | Main | Top Headline Comments 11-20-08
November 20, 2008

Psst...Obama...It's Called "Capitalism"

A Dartmouth economist has a message for the president-elect.

The first global cost of a bailout could be less foreign direct investment (FDI) coming into the United States. On Sunday, President-elect Barack Obama asked, "What does a sustainable U.S. auto industry look like?"

Well, it looks a lot like the automotive industry run by "foreign" car companies that insource jobs into the U.S. In 2006 these foreign auto makers (multinational auto or auto-parts companies that are headquartered outside of the U.S.) employed 402,800 Americans. The average annual compensation for these employees was $63,538.

At the head of the line of sustainable auto companies stands Toyota. In its 2008 fiscal year, it earned a remarkable $17.1 billion world-wide and assembled 1.66 million motor vehicles in North America. Toyota has production facilities in seven states and R&D facilities in three others. Honda, another sustainable auto company, operates in five states and earned $6 billion in net income in 2008. In contrast, General Motors lost $38.7 billion last year.

The difference, in part?

Ahem.

An auto bailout would do more than simply reward poor business practices. As the article points out, it could have greater repercussions in the global market, including diminished investment in the United States, expanded protectionist trade policies in other countries, and a reduced foreign demand for US assets.

Plus, I hate to nitpick, but to steal one of Glenn Reynolds' favorite sayings, I'll believe the US auto industry is in crisis when its executives start acting like there's a crisis.


digg this
posted by Slublog at 09:04 AM

| Access Comments




Recent Comments
Joe Mannix (Not a cop!): "[i]This story is from the Daily Mail. Americans ha ..."

Aetius451AD Work Laptop: "Was on Insty this morning as well. As I said in th ..."

BignJames: "[i]'A restaurant was targeted and mobbed because i ..."

Montec: "Horrible. Awful. Now where do I send my Biden 24 ..."

garrett: "Calling for a Mostly Peaceful Intifada? ..."

ace: ">>>I don't think so in this case. The governor is ..."

Archimedes: "Quick, let's import some more low-IQ barbarians to ..."

Joe Mannix (Not a cop!): "[i]The group marched at the Goldie's location in C ..."

kallisto : "there are some really good falafel joints in Phill ..."

Sponge - F*ck Joe Biden: "FIRST!!!!! ..."

Bulgaroctonus : "What topic is our Horde conversation going to cent ..."

sharon(willow's apprentice): "Hi Ace Good news out of Israel today. Unu ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64