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Tag: autos

Interesting British News Report On Former Delphi Plant

By grannynanny, Section News
Posted on Tue Feb 01, 2011 at 09:49:23 AM EST
Tags: Michigan, Autos, China (all tags)

British 4 News did an interesting report from Saginaw, Michigan regarding the Chinese buyout of the former Delphi plant there.

http://bcove.me/ejbq4wah

(3 comments) Comments >>

MI Dems: One-time budget fixes are the devil, until they aren't

By Nick, Section News
Posted on Mon Jun 22, 2009 at 07:02:17 AM EST
Tags: Budget, bailout, autos, Lee Iacocca, MSM, one time fixes, consistency, hypocrisy (all tags)

This morning's Ivory Tower points out an interesting tidbit about Lansing's budget process, drawing attention to the calendar as they remind readers that this is usually just about the week when we get an agreement between the House and the Senate and a plan for the next fiscal year. You know, before the tax and spenders arrived in the Capitol City in force and just plain lost their minds.

Apparently whatever spending sickness is afflicting lawmakers managed to make it's way onto east-bound I-96, too, and landed smack dab in the FREEP's editorial room. The same column which they use to caution against irresponsible budgeting (lest our state bond rating be negatively affected) also contains the Ed Board's suggestion that Lansing spend irresponsibly.

The week before state lawmakers' Fourth of July break has frequently been a time when budgets were settled for the fiscal year beginning the following Oct. 1...
A good strategy would be to spread the available stimulus money in roughly even chunks over the next two budget years.

No, a good strategy would be to avoid one-time-fixes. You know, the kind used by former Republican legislative majorities and lamented vocally for years by the Granholm-Cherry administration?

Because these problems... these massive multi-billion dollar deficits... they aren't going to go away before that bailout funding does. In fact, they're likely going to get much worse.

The Detroit News reports this morning on an often overlooked budgetary byproduct of massive auto layoffs... suddenly vacant industrial space. See, the thing about vacant industrial space is that it's vacant. There's no one there. In other words, there goes another big dollar source of tax revenue.

Read on...

(680 words in story) Full Story

A Message To Our Legislators - Beware False Choices

Cash for Clunkers, Motor City Style!

By theclassiclib, Section News
Posted on Thu Jun 11, 2009 at 03:11:09 PM EST
Tags: cash, clunkers, autos, car, credit, trade-in, voucher (all tags)

Cross-posted at Michigan Blogger.

On Tuesday, the House of Representatives, in their infinite and omnipotent wisdom, passed the "cash for clunkers" bill, aiming to boost new auto sales by giving up to $4,500 in rebates, for turning in gas-guzzlers.

Funny thing is ... even the Detroit Free Press says it won't work:

(1 comment, 524 words in story) Full Story