Comments on: How Congress is harming the economy http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Diana Furchtgott-Roth http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7821 Fri, 13 Feb 2009 01:03:53 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7821 I wrote a column on electric cars saying much the same as Brian. It received many comments, and can be seen here:
http://blogs.reuters.com/great-debate/20 08/12/18/electric-cars-will-not-cure-env ironmental-woes/

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By: Brian Choi http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7818 Fri, 13 Feb 2009 00:36:30 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7818 Brad, I’m not sure how much of sci-fi you’re being but in near future, fully electric will never become mainstream. Driving for 2 hours and having to recharge for 6 hours will not cut it. Plug-in hybrid, may have more potential but the price will never come down to gasoline vehicle level.
One thing proponents of electric always say is how environmental friendly it is. Have you considered what would happen to all the batteries? Doesn’t sound like a problem now but imagine all the cars in the world running on batteries. We already have recycling disaster with existing batteries we’re throwing away. Dell alone threw away 2 billion used lithium ion batteries in 2006 instead of recycling them because cost of recycling is much greater than making new ones. Lithium ion batteries are declared non-hazard material in landfill but are considered hazard in waters.
So government will have to mandate recycling of used batteries in electric vehicles which will increase the cost.

Sure… you’ll say recycling technology will improve in the future. It may, but until it is proven to be economically viable, it is sci-fi.

My original point was not necessarily about gasoline vs. electric but rather, that we can significantly reduce consumption of oil by purchasing compact vehicles instead of criticizing Detroit for building gas guzzlers because they didn’t force it down your throat. The people driving them chose to buy them. Detroit makes plenty fuel efficient compact vehicles too… and if you didn’t know, Toyota makes gas guzzlers as well. Current crisis in Detroit has nothing to do with fuel efficient vehicles. It’s financing issue.

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By: Sai Grafio http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7815 Fri, 13 Feb 2009 00:16:37 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7815 It’s a Catch 22. The only way to stimulate the economy is to get the banks to loan. Because of fractional banking whee the Fed can lend out 33 dollars for every dollar it won’t lend a cent when people en masse electronically withdraw all their money because of scare tactics. The economy runs on fear. Do away with the Fed

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By: Brad http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7812 Thu, 12 Feb 2009 23:23:46 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7812 Brian Choi,
You obviously have something to lose when the world goes electric. There’s no point ‘doing the math’ on current costs of these electric & hybrid vehicles yet as the demand is too low obviously. However once they become main stream they will blow the detroit made gas guzzlers out of the water. What you can do the math on his how many jobs this will create, and the future dominance of whichever company gets there first. That’s easy to work out. You can also ‘do the math’ on the savings to the environment and your own health in the future. You can also figure out that if you don’t have to buy as much oil from your enemy then you won’t have to spend as much on fighting the middle east in pointless wars, because they aint going to buy too much war with sand, are they?

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By: Brian Choi http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7799 Thu, 12 Feb 2009 20:49:44 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7799 Going back to this article which I disagree mostly.

Growing Protectionism: We import more than we export. Just look around in your house and see where they’re made. “Buy American” would bring manufacturing back to America which is what we need.

Cutting Defense Spending: It is fact that defense contractors are the most inefficient industry. They get penalized for coming UNDER the budget so they waste time and money instead of finding ways to save money. This is more so true now since Bush administration eliminated competition and spending actually skyrocketed. The money is better spent in fair market manufacturing.

Emission standard: I agree to some degree since I believe Detroit should spend more money on improving quality and therefore raising resale value of their vehicles instead of hybrid and electric vehicles but this applies to imports as well. This will hurt imports as much as domestic so I don’t believe this is detrimental as she described.

Union: American automakers spend average of $2,000 more on manufacturing their vehicles because of the UAW. This presents unfair competition and something must be done. I believe Union out-lived its purpose and its hurting the industry more than it’s helping. I don’t necessarily agree with the method but it is another attempt to unionize the Japanese plants which I believe would help Detroit.

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By: Brian Choi http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7797 Thu, 12 Feb 2009 20:17:01 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7797 And too add, the trouble Detroit is in is because they can’t sell their cars but people have wrong ideas as to why they can’t sell. It’s not because they didn’t build fuel efficient cars. It’s because the banks are not financing. Without financing, people just don’t walk into dealers and pay cash for cars.

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By: Brian Choi http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7796 Thu, 12 Feb 2009 20:13:26 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7796 Those people who blames Detroit for building “gas guzzlers”. They built them because you(consumers) wanted them. All these emphasis media and government puts on hybrids and electrics are ridiculous. People won’t buy them because they don’t make sense.
Let’s do the math. Average Americans drive 20 miles a day and compare a hybrid Prius and similar sized and shaped gasoline vehicle such as Honda Civic. Prius gets 48 MPG in city and Civic gets 25 MPG. Let’s assume gasoline was at its worst point which was $4 per gallon and do the math.
Prius owner would spend $608 a year on gasoline. A Civic owner would spend $1168 a year. Saving of $560 a year. And remember this is at $4 a gallon. If at $2 a gallon like it is now, you would be saving $280 per year.
Now, would you buy $22,000 Prius or $15,000 Civic (both minimum MSRP)? To get that extra $7,000 return, you would have to drive Prius for 12 years at $4 a gallon or 25 years at $2 a gallon.
Point I’m trying to make is that consumers can choose to buy small gasoline vehicle to save gas instead of buying big SUV’s and trucks. And I used Honda as example because its shape is similar to Prius but Detroit makes small gasoline cars too. But you… consumers chose to buy SUV’s and you are blaming Detroit.

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By: RFL http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7702 Wed, 11 Feb 2009 17:45:24 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7702 We are reaping the whirlwind of that swindle called “Free Trade”.

The “Free Trade” hacks continue to refuse to acknowledge the economic devastation their misguided and naive theories have caused.

They continue to screed that it’s an all or nothing situation, with respect to globalized trade, moreso in the face of the devastated local economies all across the USA – local economies that will NEVER recover – that “Free Trade” destroyed.

The hubris of the “Free Trade” economists has turned them into dangerous fools.

The USA economy is not going to recover until the failed experiment of “Free Trade” is ended, commercial regulation is re-installed and the perpetrators of this mass criminal enterprise are locked up.

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By: Alan http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7698 Wed, 11 Feb 2009 16:55:28 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7698 Right wing hack. It is your solutions that have us where we are now.

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By: Perplexio http://blogs.reuters.com/great-debate/2009/02/05/how-congress-is-harming-the-economy/#comment-7680 Wed, 11 Feb 2009 15:33:54 +0000 http://blogs.reuters.com/great-debate/?p=1914#comment-7680 Obama talks about greater transparency– wonderful… So the only REAL difference between him and Bush is that he’s going to let us know how badly he’s raping our wallets and how the money is being misspent, whereas Bush tried to do things a bit more surreptitiously?

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