Brady again, asking you to support the Domestic Auto Industry. It appears that an agreement has been reached to provide about $15B of loans to GM and Chrysler so that they can last until March. During that time, they are to negotiate with creditors, labor unions, shareholders, and other stakeholders to bring themselves into a reasonable cost structure. Some are calling it “Bankruptcy Lite”. A “Car Czar,” appointed by the president, would monitor progress and ensure that taxpayer dollars would be well spent. Additionally, the government would benefit on the upside with stock positions in the companies.
This plan seems reasonable and will protect the taxpayers. However, even though there is reportedly agreement between the House of Representative and the White House, Republican Senators are threatening to block passage of this bill.
If the automobile companies are allowed to fail, hundreds of thousands of people will lose their jobs. You know at least one of them. Hundreds of thousands of senior citizens may lose benefits from their pension plans. You probably know at least one of them too.
There has been lots of talk lately about Energy Independence, the concept that we rely too much on foreign countries for oil and other energy. If we allow the largest domestic manufacturing industry to fail, we could find ourselves in a similar situation, relying on foreign countries for cars and other heavy manufacturing. Do we really want to go there?
At the end of the day, I am asking you, my dear readers, to do me a personal favor. If you live in, or have a credible connection to, a non-Michigan state, will you call or email your state senators and ask that they support the Auto Industry Bridge Loan program? This is especially important if you live in a state with Republican Senators. (Cough… Cough… Texas… Cough… Utah… Cough… Wyoming…)
Tell them that you are calling to support the job of one of our friends, the pension of one of your grandparents, the future of one of your children. Please, as a favor to me, call them. Here is a link that will help you find your Senators:
Here’s some more reading for you, if you’ve got nothing better to do:
Seven Myths about the Automakers
And don’t forget the Ford Story!
As you probably know, I work for Ford, which is facing a crisis of its own caused in good part by the on-going credit crisis. We have been aggressively restructuring our business and re-inventing ourselves. The crisis we now face is not of our doing. Because of the uncertainties in the economy at large and the scarcity of credit, people have quite literally stopped buying cars. Ford has positioned itself to be profitable at lower volumes than in the past, just not this low.
· Ford has committed to leading in the development of advanced technologies, including EcoBoost, Flexible-fuel vehicles, clean diesel, hybrids, plug-in hybrids, and hydrogen cars.
· Ford alone has invested more than $22 billion in research and development (2005-07).
· Ford’s quality is now on par with Honda and Toyota and rising every year.
· The new Ford Fusion Hybrid beats the Toyota Camry Hybrid in fuel mileage.
To call your elected officials as a “Friend of Ford” please click here (hint: it will be easier to call if you click on “Print this alert” link on the site below as a complete document will be printed with each of the officials names and phone numbers provided): http://capwiz.com/ford/callalert/index.tt?alertid=12192861 To email or send a printed letter to your elected officials as a “Friend of Ford” please click here:http://capwiz.com/ford/issues/alert/?alertid=12192906
Please feel free to send these links to your family and friends and ask them to take action to support our industry and our economy.
You know how it’s cute when a little kid starts learning to dress themselves, and they get their shoes on the wrong feet? What if it’s a twenty-freaking-eight year old who can’t dress himself on Monday mornings?
Honestly, I still don’t really know what happened. I was sitting at my desk, talking to my supervisor about the weekend, and upcoming stuff for the week, when I look over at one of my feet. I thought to myself, “That’s odd, I swear I put on my black shoes today.” You know, black shoes to go with my black socks, and my black slacks. Perfectly normal right? That foot I was looking at was wearing one of my brown shoes.
So I looked at the other foot… yep, I was wearing a black shoe, like I thought… on that foot…
I’m half an hour away from home, and wearing two obviously unmatched shoes. How embarrassing! Of course, I was talking right at that moment of recognition, and I just blurted it out.
I spent much of the rest of the day hidden at my desk, and when I did go to meetings, I spent time standing on one foot, so that fewer people would get to see both shoes together at the same time.
Other than my supervisor, to whom I blurted my situation, I only know of one person who noticed! Perhaps that’s all for the best.
So far, I’ve managed to wear matched shoes the rest of this week. But its only Wednesday, so who knows what’ll happen tomorrow.