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06 February 2012

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GregB

I read elsewhere that the bridge loans offered to the American auto-makers by the George W. Bush administration were as crucial to saving the auto makers as the Barak Obama administrations bailouts.

So it was indeed bi-partisan, but not tea-party friendly policy of federal intervention by the big bad government that helped to so the US auto industry and the million plus jobs that go to support it.

Bill H.

Why does Mr. Vincent object to Italian corporate funds paying American wages?

anna missed

Also, it should be mentioned that the super bowl add in some ways, is a condensed derivation of the Eastwood (directed, produced, and starred in) 2008 movie Grand Torino. Playing a pissed off retired Detroit auto worker in a city dealing with changes.

link-- http://en.wikipedia.org/wiki/Gran_Torino

Excellent film.

Morocco Bama

HaHa....hey Optimax....ever been to New Orleans? I love it. Never mind that a significant percentage of those Chryslers are financed to subprime borrowers and will most likely be repossessed in the next year, or two. I'm a CPA, and there's a name for such schemes.....they're ponzi schemes and the mechanism employed is called Kiting.

Reminds me of the former Soviet Union where just to keep the factory open and meet production numbers they produced shoes of a size no one could wear. At least the majority of the workers in the former Soviet Union knew the score....they knew what they were doing was wrong and wasteful. Not so here in Soviet America.

Nope, it's not halftime in America. It's over, the fat lady has not only belched her tune, she's thrown up all over the stage. Eastwood's raspy voice is the death rattle of a once great industrial powerhouse relegated to the stature of that spineless, effeminate cubicle geek in the Fiat commercial.

Jake

Angels and ministers of grace defend us!

Why are we reading more into this commercial than what is really there? Right wing radio is going nuts over this message. Have we become so cynical that we now have lost heart and question everything? Yes it was made for a car commercial. Yes there was a message there as well. But I never took it either for republicans or democrats. I took it as a message for us, the people. That was Clint Eastwood's direction... to the people of the Unites States. Not Obama, not Romney, Gingrich, Paul or anyone else. Leave it to Carl Rove and his brand of politics to make hay out this and screw up what I consider a very positive message, even if it was for a car commercial. It was a very strong message. It was well done.

Maybe I am being naive here. But in this case I rather error on the side of gentleness...

Have we really lost heart as a Nation?

YT

"Americans,.... larger than simply a collection of self centered individuals"

Well, Anna.

It ain't just Americans who are "a collection of self-centered individuals" these days.

So cheer up.

I've seen one-too-many selfish S.O.B.s in my 'hood.

(Pat on the back in the ether-space from the other hemisphere.)

YT

I just like how it ends.

"Detroit™."

(This is me after a few mugs of beer.)

r whitman

You people are all missing the real question. Did this ad sell any cars for Chrysler. If the answer is yes, then it is an effective ad, if not, then it is a waste of money.

William R. Cumming

The ad was memorable and controversial so it met anyone's expectations of marketing. The great thing about Clint Eastwood's life and work is in many ways understated and can be looked at in many different ways. Who would have thought that "Rowdy Yates" riding drag would have such a long and successful career. Live forever Clint.

Bobo

This was a very good commercial with some inspiring words but who in his right mind buys a Chrysler anyways. If there was any political advertising it was the Chevy Silverado commercial where you could substitute "Dave was a Democrat" versus "Dave drove a Ford".

zanzibar

Federal intervention in the private sector as a matter of principle does not always have benign outcomes.

Exhibit A is the federal intervention to socialize losses of the private financial sector. Leading to even greater scale of moral hazard and the penalization of the prudent saver class.

The auto bailouts also came at a price - the rule of law and the seniority of claims.

William R. Cumming

BTW now revealed that Chrysler still owes UNCLE SUGAR $1.5B!

Mark Logan


Bear in mind that governments have other means of recouping their investment than banks do. Governments can collect taxes from all the workers, and not just at the assembly plants, but from the suppliers and the surrounding economy all these employed people create. This is opposed by the scenario of a government losing money on supporting unemployed people. This apparent loss in one ledger shouldn't worry an informed bean-counter.

Yet, I certainly agree with Zanzibar's points. This is not ideal, for several reasons. It expands the role of government, a tree than needs constant pruning, lest it take over the whole garden.

Adam L Silverman

Mr. Cumming,

You got a link for that breaking news?

optimax

MB,

I doubt if you visited the derelict parts of New Orleans or Oakland filmed to simulate a large part of Detroit. Where do you get the information that the buyers of Chryslers are subprimal? Could be true, have never heard it before. America has become a congame, with too many americans believing the con and living under the directions of corporate and government managers who CMS (can't manage sh*t.) Fananciers are on the verge of owning the world through compound interest, our extreme form of private property is destroying the earth and America is looking for the next economic bubble to keep it afloat long enough for for whatever party is in power to get reelected.

I have no answer to the world's problems, but, unlike you, MB, I am not ready to declare Clint Eastwood or America dead. I still feel too close to Eros to give up.

Ingolf

Eastwood apparently issued the following statement to Bill O'Reilly:

"I just want to say that the spin stops with you guys, and there is no spin in that ad. On this I am certain.

l am certainly not politically affiliated with Mr. Obama. It was meant to be a message about just about job growth and the spirit of America. I think all politicians will agree with it. I thought the spirit was OK.

I am not supporting any politician at this time.

Chrysler to their credit didn’t even have cars in the ad.

Anything they gave me for it went for charity.

If any Obama or any other politician wants to run with the spirit of that ad, go for it."

http://nation.foxnews.com/clint-eastwood/2012/02/06/clint-eastwood-i-am-certainly-not-affiliated-mr-obama

optimax

What does it say about Karl Rove and his ilk that they are offended by an ad that promotes an american city, american workers and american industry? They don't care about us, about this country, but only about themselves. They are Me Firsters.

Advertising is propaganda meant to sell something or someone but this Weiden+Kennedy(a Portland firm) commercial has entered the lofty realm of art by making people feel and think and talk about their beliefs in country and citizenry. And it's wonderful to see Rove and his fellow cockroaches exposed to the light of day as the radicals, not conservatives, that they are.

William R. Cumming

Adam! Reported earlier on Drudge if memory serves.

Adam L Silverman

Mr. Cumming,

I'll stick with the news reports I linked to above. Drudge? Really?

Fred

And out banks owe what?

Morocco Bama

Optimax, here you go.

http://www.microbilt.com/news/auto-industry-financing/sub-prime-lending-returns-to-auto-financing-market.aspx

This doesn't surprise me, in the least. Nothing has fundamentally changed. What do people expect when you put a pedophile on a playground and say "go get em!" You would think they would expect exactly this, but no, Santa Claus is such a better story. Clint played the snake oil salesman on this one. What would Blondie do?

http://www.youtube.com/watch?v=UAULUqmwN04&feature=related

optimax

MB,

It makes sense. The technocratic manager creates rules and laws that stangle organic growth. David Brooks has a decent column today on the technocrat. When their tactics fail, as they have in our recent wars, social and economic policies, they fudge the numbers by controling the information reported by the MSM. Thank god for the internet.

Morocco Bama

Exactly, Optimax. I had to go out of my way to find that for the very reason you stated. Our own version of Pravda won't report it, or if they do, they marginalize the downside and play up a non-existent upside. Same holds true for the manipulation of the unemployment figures. Madoff was merely a microcosm of what's been going on at the macro level for quite some time now. The problem with kiting is that eventually it catches up with you, although I have to admit, these are some incredibly skilled Kiters. They'll string this thing out and along for as far as it's possible.

optimax

MB, Sorry, I sometimes experience delayed comprehension. WWBD? is a good question. He would organize, kick some paranoid elitist butt and ride of into the sunset with his fair share of the booty.

Morocco Bama

Optimax, that is my favorite Western, and I don't think it's a coincidence the Italian Fiat chose Clint as the spokesman considering Sergio Leone directed The Good, The Bad and The Ugly. That last scene I linked to is so chock full of metaphor, it's overflowing. My favorite line from the entire movie is "more feeling." That prisoner camp was a precursor to Abu Ghraib, I suppose. What Angel Eyes could have accomplished with electrodes. The music almost moves me to tears every time.

http://www.youtube.com/watch?v=Gu0cHa-O-T4&feature=related

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