More proof that we will never make any substantial lifestyle changes to mitigate peak oil.
$this->bbcode_second_pass_quote('', 'T')he Treasury’s guidelines, published yesterday, would let officials provide funds to any company they deem important to making or financing cars.
PeakOil is You
Treasury to backstop entire auto industry
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Treasury to backstop entire auto industry
by gt1370a » Thu 01 Jan 2009, 13:21:21
Parts makers, assemblers, dealers, financers... none shall be allowed to fail no matter how poor their business model. No competitors shall emerge with improved products or processes, because they can't possibly compete with the government.
This is the Soviet-style system of central planning, how can anyone think this will lead to anything other than complete failure? A free market system would allow those companies to fail, and even though the interim period of high unemployment would be hard, we might have a chance to emerge with a new industry that would help us deal with peak oil, whatever that might be.
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Re: Treasury to backstop entire auto industry
by Ayoob » Thu 01 Jan 2009, 13:28:17
Good news to me. Hopefully the feds will mandate that Ford only build F150s, F250s, and Econolines. Support those three for the next fifty years with spare parts and carry on with manufacturing more of the same.
We need all the automotive companies to focus on one or two models and just produce them and the parts we need to keep them on the road.
After that plow our money into public transportation systems like urban light rail and xcountry high speed rail, and hope that's enough to keep us going for a while.
What else can you do? We need to downsize, and we need to make a transition.
We need all the automotive companies to focus on one or two models and just produce them and the parts we need to keep them on the road.
After that plow our money into public transportation systems like urban light rail and xcountry high speed rail, and hope that's enough to keep us going for a while.
What else can you do? We need to downsize, and we need to make a transition.
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Re: Treasury to backstop entire auto industry
by emersonbiggins » Thu 01 Jan 2009, 14:05:31
I'm waiting on more backstops for the homebuilding industry as well, anything to keep the status quo afloat.
It's amazing that few, if any, major builders have had yet to go BK, despite being an industry that, in spite of the economy, should be a third of its current size.
It's amazing that few, if any, major builders have had yet to go BK, despite being an industry that, in spite of the economy, should be a third of its current size.
"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin
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Re: Treasury to backstop entire auto industry
by gt1370a » Thu 01 Jan 2009, 16:11:44
$this->bbcode_second_pass_quote('Ayoob', 'G')ood news to me. Hopefully the feds will mandate that Ford only build F150s, F250s, and Econolines. Support those three for the next fifty years with spare parts and carry on with manufacturing more of the same.
We need all the automotive companies to focus on one or two models and just produce them and the parts we need to keep them on the road.
After that plow our money into public transportation systems like urban light rail and xcountry high speed rail, and hope that's enough to keep us going for a while.
What else can you do? We need to downsize, and we need to make a transition.
We need all the automotive companies to focus on one or two models and just produce them and the parts we need to keep them on the road.
After that plow our money into public transportation systems like urban light rail and xcountry high speed rail, and hope that's enough to keep us going for a while.
What else can you do? We need to downsize, and we need to make a transition.
What gave you the impression that any of that would happen? The article I linked just says the Treasury will give money to auto companies and suppliers and anything else they deem critical to the auto industry... in fact I argue that this will ensure that no transitions to mitigate peak oil will happen, because the government is ensuring that failed business models continue to operate.
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