The Big 3 automakers are back in Washington DC asking for money. Their request could have far-reaching implications. If Congress awards the tens of billions the automakers want, they could use that money to pay thousands of auto industry workers, thus stimulating the American economy.
But do we know for certain that's where the money will go?
Rumors are circulating that American automakers are intending to spend billions in overseas markets. Do we want American taxpayer money supporting the economies of other nations? Before our lawmakers even consider giving out any money, we need assurances that this bailout will be spent to improve the American economy and to create jobs for Americans.
$25 billion is a lot of money. You could start up a whole new auto business for that kind of change.
If we are to invest billions in loans to these companies, we need to see an improved business model. We need to be shown where the Big 3 have gone wrong, and how they intend to change and improve themselves.
How do we know that GM, Chrysler and Ford won't just use this money to buy more million dollar commercials? Have you seen some of these commercials? They have major motion picture production value. There are explosions, special effects and computer generated graphics that no doubt cost a fortune. Wouldn't that money be better spent on R&D?
If GM, Ford and Chrysler are in financial trouble, it's not because the government doesn't give them money, it's because they have a failed business model. If they're not responsible enough to keep the oldest and most respected auto companies in the world profitable, it's doubtful they are capable of managing a multi-billion dollar bailout package.
Tuesday, December 2, 2008
Monday, December 1, 2008
Unemployment Benefits Extension
Unemployed Alabama residents could be eligible for up to 7 more weeks of benefits, if they meet requirements laid out at http://www.dir.alabama.gov. Over 10 thousand Alabamans could meet the requirements.
As unemployment rises, lawmakers in Washington passed legislation to make the extra benefits available.
Ironically, the benefits extension hinges on the unemployment rate for the state. If Alabama's unemployment rate was higher, our unemployed would be eligible for longer benefits extensions.
As unemployment rises, lawmakers in Washington passed legislation to make the extra benefits available.
Ironically, the benefits extension hinges on the unemployment rate for the state. If Alabama's unemployment rate was higher, our unemployed would be eligible for longer benefits extensions.
From Section:
NEWS
Saturday, November 29, 2008
Bama Wins Iron Bowl
With a 36-0 shutout of the Tigers, the Crimson Tide broke a 6 game Iron Bowl losing streak and took it's first win in Bryant-Denny Stadium. Alabama also completes a 12-0 perfect season with the win. Auburn drops to 5-7 with the loss, and is not eligible for a bowl game.
Alabama will next meet the Florida Gators on the 6th of December in the SEC Championship game. The game will be televised on CBS. If you watch the game with an analog antenna, you will need to have a digital converter box or digital antenna by Saturday, as WAKA 8, our local CBS affiliate, will discontinue broadcasting an analog signal this week.
Alabama will next meet the Florida Gators on the 6th of December in the SEC Championship game. The game will be televised on CBS. If you watch the game with an analog antenna, you will need to have a digital converter box or digital antenna by Saturday, as WAKA 8, our local CBS affiliate, will discontinue broadcasting an analog signal this week.
From Section:
SPORTS
Wednesday, November 26, 2008
Happy Thanksgiving!
Thank you to everyone who takes time to visit and read the Selma Intelligencer beta. May you have a blessed and happy Thanksgiving.
Don't eat too much!
On second thought, eat all you want... we won't tell!
Don't eat too much!
On second thought, eat all you want... we won't tell!
From Section:
BLOG
Tuesday, November 25, 2008
Half Million Dollar Budget Deficit
Mayor George Evans announced a $470,000+ budget shortfall in his report during the bimonthly city council meeting, tonight. Several council members voiced concern about the budgetary issue. Among them were Dr. Williamson, Dr. Newton and Councilwoman Keith, all addressing the issue in their closing remarks.
The issue was not discussed fully during the meeting, due to the absence of Dr. Allen, Council President.
Another monetary issue raised was the demolition of the buildings at 1204 and 1205 Water Ave. A budget overrun was announced for the nearly $400 thousand project.
The Mayor also reported that he asked for a state audit of the city's funds.
Councilwoman Crenshaw asked that all future communications from the President, in her absence, should be made in writing.
Among other issues discussed at the meeting were repairs for the Public Safety Building. The building, which was recently re-roofed, is leaking, and in need of immediate repair.
From Section:
NEWS
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