Showing posts with label David Vitter. Show all posts
Showing posts with label David Vitter. Show all posts

Friday, December 12, 2008

A death sentence for Detroit

Polls show most Americans don't want Uncle Sam to help the Big Three and I couldn't care less.


They're wrong, plain and simple, but it's not entirely their fault. The amount of misinformation floating out there on ye olde information superhighway and from TV anchors who should know better is staggering.

Certainly there's a bit of bailout fatigue. The $15 billion bridge loan that cleared the U.S. House on Wednesday is a lot of money. Senate Republicans slayed it Thursday and the deal looks dead.


This would be utterly devastating for the U.S. economy - not just Michigan's.

Now would be the perfect time for U.S. Sen. John McCain, R-Ariz., to be the statesman he is and end this political brinksmanship rooted in deep-seated denial of financial reality. He got hammered this fall for suspending his campaign to push for the $700 billion Wall Street bailout. No one could accuse him of playing politics now; this would simply be bold action for the good of the country.

The fact is, letting just two of the three domestic automakers go bankrupt means the death of 1.8 million jobs in just the first year alone.

Still don't care? Won't affect me or my state?

Try this. Taxpayers will see $66 million swirl down the drain in two years if just two of the companies go bankrupt. Bye-bye tax revenue; hello unemployment insurance.

The cost of bankruptcy is more than four times what the autos could get from the feds, according to a report by the Anderson Economic Group. CEO Patrick Anderson is a staunch fiscal conservative, so it's striking that he's not arguing that the free market should be allowed to work here.

The reality is, the more economically prudent solution is the bridge loan. Every taxpayer in America should be treated to a copy of this report.

Unfortunately, this won't stop the Big Three bashing because it's too much fun. What we have is an axis of ignorance of far-out environmentalists and free-market Republicans.

The left whines that Detroit's gas-guzzling dinosaurs rape the planet and there's karma in letting them wheeze out their last breath. Their greedy CEOs sucking up $20 million bonuses are the living symbols of what's wrong with capitalism.

Yeah, not very powerful stuff. That's why this hasn't really gained traction and even big-time liberals like U.S. House Speaker Nancy Pelosi are willing to lend Motown a hand.

The right, however, is scoring big with its version of economic nihilism run amok. It's the unions' fault, of course, and even reputable media are selling the falsehood that workers make $70 per hour. The New Republic has nicely debunked this myth and you'll notice that conservatives in Michigan, no matter how anti-union, haven't jumped on this bandwagon.

U.S. Sen. David Vitter, the Louisianan best known for using the services of the D.C. Madam, this week derided the bridge loan as being "ass-backwards" in a rambling speech that proved he knows a lot more about hookers than economics.

Southern Republicans smugly brag that their foreign plants will flourish if the domestic autos combust. Yeah, here's the problem. When auto suppliers start croaking - and they will - Honda, Volkswagen and Toyota will bleed, even more than they are now.

By the way, Japan, China and Germany haven't had any problem bailing out their automakers. Kind of an unfair disadvantage, don't you think?

Both sides agree that the Big Three got too fat and happy (true) and churned out cars people didn't want to buy (also true, but now even Toyota's sales plummeted 32 percent last month). Why? The credit crunch, which has pushed the Big Three to the brink, just as they were making the labor and technology overhauls they need to thrive.

Peel away the political spin, and that's the real cause of the current crisis.

But when economics get too complex, there's always the shorthand of blasting the Big Three titans for their nasty corporate jet habit.

There's a disingenuous double standard at work. The bridge loan pales in comparison to the tens of billions of dollars the feds have thrown at financial institutions like AIG and Citigroup. Their executives somehow escaped begging on Capitol Hill but the Big Three's humiliation (twice) provided hours of entertainment on C-SPAN.

At this point, the Big Three need a Christmas miracle. This is not a regional issue, but it's looking like Michiganders need to lead the way - and not just at the federal level.

Gov. Jennifer Granholm; Senate Majority Mike Bishop, R-Rochester; and House Speaker Andy Dillon, D-Redford Township, should be holding daily joint press conferences on the car crisis.

There are still some Mitten Staters who believe that Ford, GM and Chrysler are getting what they deserve and the rest of us will somehow be hunky-dory. They need to hear a strong bipartisan counterpoint to the dead-enders.

Letting the Big Three die isn't just cutting off our nose to spite our face. It would be a decapitation.

Friday, September 14, 2007

A sex scandal to make you squirm

COEUR D'ALENE, Idaho — Through the thrush of evergreen forest and the Salmon River Mountains, it's about 319 miles to Larry Craig's hometown.

I will not be making a pit stop there — I have a date with the azure shores of Crater Lake — but I wonder how the locals view the voyeuristic feeding frenzy about their favorite son.

Because it's been making me queasy, and I don't even know the guy.

In case you've been even more lost in the wilderness than me, Craig was busted for allegedly putting the moves on a fellow stall dweller in an airport men's room.

The guy turns out to be a cop, the Republican senator cops to disorderly conduct and the sordid story turns out to be just what we all need to survive the Indian summer doldrums, since there are no shark attacks or abducted little girls to terrify us.

And what, evidently, could be more petrifying than a gay guy who likes to get it on in the filthiest of public places? Deadbolt those bathroom doors, gentlemen. No one is safe.

After a couple days of crucifixion and callow mockery ("Ooh! Craig called Bill Clinton a 'nasty, bad, naughty boy' and he is one!") the sexagenarian senator was forced to step down.

Look, Craig pleaded guilty. His explanations seem confused at best. Politicians should be held to a high standard.

But I'm having trouble understanding how his minor offense warranted automatic ejection from the Senate. And I find it amusing that the GOP was so eager to throw one of its own under the tracks quicker than posturing Democrats.It's not because it's sex.

If that's the case, what in God's name is David Vitter still doing in Senate chambers after admitting "a very serious sin" involving a D.C. cathouse? Where was the stampede to throw the deviant out?It's because it's gay sex — the ickiest kind. The kind the Religious Right — which still holds a noose around the GOP — believes is a randy rest stop on the highway to Hades.

Cavorting with a buxom hooker is a sin they can understand (remember that tramp, Mary Magdalene?) It's practically a beltway rite of passage.

But man-on-man congress in the public sphere, no less? That's incomprehensible. And wrong.

And it's precisely that kind of muddled thinking, masquerading as morality, that has turned so many people off of what used to be the Party of Lincoln.

As for the media, the Craig case brought out our worst.Sex scandals seduce networks into actually covering politics — if you call it that, and I don't.

Why bother delving into the specifics of Hillary Clinton's health care plan or Fred Thompson's views on anything besides playing tough guys on TV?

If the president boinks an intern or a congressman solicits a page, that's something we all can understand, right?

Sure, if your goal is winning the race to the bottom instead of informing and inspiring debate. We have so many things to report. Why is it that the cheap and tawdry win out every time?

That's why while I have written my share on political personalities, I have never touched stories shopped around by operatives about Senator X's sexual proclivities.

My questions always are: Do you have proof? How is this relevant to the campaign or the office? If the flacks can't answer them, then I ain't buyin'.

There was a right way to report on Larry Craig. And it wasn't news anchors feigning outrage at the hypocrisy of the senator's anti-gay votes, just to take a break from the illicit gay sex storyline.

The story could have been a textured exploration of public figures who preach family values and practice more profane ones. We could have asked the big questions, like what this says about our real ethics.

At least that way, my only reason for nausea would be writing this column while whipping around a wriggly mountain road.