Rachel Maddow Show: Banks To Blame For Auto Industry Crisis?

Rachel Maddow talks to Sherrod Brown about the reasons for why the auto industry is in trouble and what the solutions are to fix it.

Category:

News & Politics

Tags:

• Rachel
• Maddow
• Show
• Auto
• Industry
• Bailout
• Banks
• Sherrod
• Brown

[ahmadeyad]

Why not nationalize the auto industry ?

[kargenlewis]

the car companies have been making crap for 30 years. they should have never been able to stay afloat with a monopoly. these guys are not deserving at all!

[hoboboxerjoe]

@garthggarth, since we are pattern-seeking creatures I think if you look back at economic history of the U.S, and see an honest, unbiased view of it. While keeping in mind of the U.S's treatment of it's minorities and unwealthy, we can see the hypocrisy behind this country. And what pisses me off is the giant hard-on America has had since WW2. We are not the saviors of mankind, we are not moral authorities, we are not the real leaders of NATO, etc. Hypocrisy is our currency, we will drown in it.

[hoboboxerjoe]

@garthggarth, which Adam Smith's (I know I wrote John Adams earlier, just a glitch in the noggin there :P) economic "survival of the fittest" is a sick perversion of what Charles Darwin wrote of later on, just a weird irony there for you...

But I think Lincoln, who was a real republican, and today would likely be considered a liberal-libertarian, and his team developed the beginnings of a sound economic system with the Green Backs, and the big banks in europe back then didn't like that, at all.

[hoboboxerjoe]

@garthggarth, I don't think that age really ever existed. Sure, that was the window dressing. But it seemed that what the U.S was REALLY doing this entire time was an expansion of European Imperialism. Dating back to the death of the greenback, John Adams economics (and the idea he writes in his book, of letting the "weak and poor"-in most cases black and chinese, at the time-die out, as it was the "natural order of things" ironically he wrote things like this before Charles Darwin's theories

[hoboboxerjoe]

@JayZeelz, I think it's because they have to deal with so much BS from (mainly) the right, although the left are far from excused here. But the constant Union-bashing, constant flipping of statistics, constant mis-info they have to continiously debunk has to be tiring, don't you think?

[JayZeelz]

This is one reason I don't like MSNBC; Maddow and Olbermann specifically use that whole ultra-smug, sarcastic attitude whether they're right or wrong it's so obnoxious. It's comparable to O'reilly's bigotry.

[jjbarbados]

Detroit & americans keep on driving TRANSATLANTICS with V6s and 4.0 liter

in the 2000s , when the rest of the world

drives smaller , more efficient cars. We had 2 SUV in the 90s and now whe have

6. Its an absurd. It seems to be a dishonor to drive small cars in the US, these days there are other way to show the world how powerful a country is.

[Rustyshackleford08]

The problem is that people are no longer making enough money to pay loans back. We have been robbed through inflation, people have to stop borrowing and get out of debt.

[SpanishForkOutcast]

When we do bail out these industries we should require them to keep their companies in the US, not in 3rd world countries where they can exploit the cheap labor.

[waltermh111]

Only one problem with rachels thoughts here.

While the banks are definitelely part of the problem, the big 3 have been in trouble way before this credit crisis started, years before 2007 when the future crisis was coming to light

Also, while the foriegn companies have dropped alot, 30% is alot less then 40% and the foriegns had even further to fall at that being the bigger sellers. That they are staying far above in sales shows that its as much bad management amongst the big 3 as anything else

[garthggarth]

our trade DEFICIT has more than DOUBLED in teh past 7 years- Finally, something that I posited back when I was in high school has happened- We can't compete effectively with most of the world in a lot of industries, so other countries have a lock-up on so much of the world trade. We consume, but don't sell overseas. Our government has encouraged foreign labor, to our long-term detriment. Teh age of american industrial exceptionalism is dead!!