More Blab About Detroit

There is a frantic lobbying effort to get Washington to bail out an incompetent American auto industry. Today friends of Detroit are throwing out huge and wild numbers like 3 million people out of work if Detroit goes under, $ 150 billion losses in revenue ! Pure garbage, pure lies.. this is the same sort of propaganda the defense industry gave at the beginning of “defense conversion” during the Clinton years. Clinton wanted a “peace dividend” from the “end” of the Cold War, by turning swords into ploughshares. Defense conversion called for a massive drawdown in defense spending which in turn would affect the defense industrial base. Companies made a “catastrophic scenario” at what would happen to the American economy, lost jobs, revenues, etc. if the government cut the defense budget in a significant way- the budget was cut as well as the armed forces and the economic ripples were few and far between. Just as defense companies were able to either merge or transform into producing products for the civilian economy, huge auto parts manufacturers like Delphi, TRW are parts makers which could make parts for other industrial sectors, not just cars. Say NO to Detroit !