Clint Eastwood half-time Commercial or message and the Republican's Message

Thank you Mr. Eastwood. And thank you Chrysler for creating a very moving message for all Americans to hear. At times when a company makes an ad it it doesn't have much to do with the product, you scratch your head and wonder why they spent the money on it. But then there are those like this one that make a very profound statement without the hype of their product. That is corporate responsibility and citizenship.


Here is that ad, if you missed it during the Super Bowl:

http://www.mediaite.com/online/clint-eastwood-narrates-halftime-in-america-super-bowl-ad/

click here: Cllint Eastwood halftime super bowl ad

Now here is what some of the Republican presidential candidates have stated about the loans to the auto industry:



What is appalling about Mitt's comment is that as a businessman who professes to have such great business knowledge is that he fails to understand the depth and breath of the auto industry in our economy. To seek an organized chapter 11 under the bankruptcy rules, they would have to find private lender who would give them huge loans that would be very high risk and the creditor would have to agree on discounting the amount owed to them. Many of these creditors are small factories that make parts for all the autos made in America by nearly every manufacturer, to include Honda, Toyota, BMW, Mercedes-Benz, Hyundai, Subaru, and many more.

If they failed to pay these small factories, they would have to close shop and lay off their employees. This would harm the other manufacturers because they could not get the parts they need to make their cars. So the entire auto industry in America would go bust. This means millions of jobs from the assembly plants, to the smaller suppliers, to the truckers that move the parts from factory to assembly plant, the trains and truck that haul the autos to dealers, the dealers and all their employees, and so on. Like the Wall Street banks, but to me even more important than they, the auto industry in America had to be saved.

The other issue is that the credit markets were frozen and hardly no one was getting loans. Even if they could get a commercial loan, the interest rate would be so high because of the relative risk, that GM and Chrysler would not have been able to even pay the interest, let alone any principal on the note. So the lender of last resort is of course the government.

As a result of Pres. Obama's complete understanding and comprehension of the gravity of the situation, he acted in the best interest of the nation. To claim otherwise is foolish and demagoguery.

One note: I fear that Clint Eastwood is suffering from some potential life threatening problems as serious as lung cancer or emphysema. The texture of his voice is more about his lung function than dramatic effect. I wish him well. He as been one of the best actors, producers and directors, with maybe Robert Redford, who have given us very thought provoking movies. Thank you Mr. Eastwood for all you have given this country and the visual arts.