A Quote by Lamar Alexander
We hear a lot about rebuilding Detroit, and we just spent $70 billion to bail out the auto industry - well, they need to be cost competitive, too. If they have high-cost energy, those suppliers are going to move to Japan or Mexico instead of Michigan and Tennessee.
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We're going to build a wall and Mexico is going to pay. And the reason they're going to pay and the way they're going to pay, Bob, is this. We have a trade deficit now with Mexico of $58 billion a year. The wall is going to cost $10 billion a year. That's what it's going to cost. It's going to be a powerful wall. It's going to cost $10 billion.
My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
There's been a bit of confusion about Showscan. The basic problem was, it was film and it was 70 mm and it was a lot of it, so the negative cost was very high, the print costs were very high, and it also required conversion of the projectors and theaters and a lot of costs. I just couldn't get any traction in the theatrical movie industry to do it.
We need to invade Michigan and rebuild the state from the ground up. We will be greeted as liberators, we have clear supply lines, and we can easily rebuild the auto industry with the kind of money we spend on other countries we invade. Hell, our new Secretary of State, Hillary of Clinton, spent the better part of the past year fighting for the rights of average folks from Michigan, so think of the good will we have with the public. This is very doable. Just tell Congress we will give KBR no-bid contracts to fix Detroit.
The cost of the vaccine is truly minuscule when you think about the benefits you're getting from an opportunity-cost standpoint. If you're going to miss several days of work - and you will - with high fevers, body aches, nausea, and vomiting... you're going to be losing out on a lot more money and productivity if you don't get the flu shot.
Let's take energy, for instance. I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere. So, when, at Bain Capital, we started a new steel company called Steel Dynamics in Indiana, the cost of energy was a very important factor to the success of that enterprise.
In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.
Obamacare has got everyone on edge. I mean, small business - men and women or big business are sitting out there saying we have no idea what this is going to cost, but we know it's going to cost us and cost us a lot.
I have absolutely no regret about my vote against this war. The same questions remain. The cost in human lives, the cost to our budget, probably 100 billion. We could have probably brought down that statue for a lot less.
The cost of war impacts all of us - both in the human cost and the cost that's being felt frankly in places like Flint, Michigan, where families and children are devastated and destroyed by completely failed infrastructure because of lack of investment.
Between 1965 (the beginning of LBJ's "Great Society") and 1994, welfare spending has cost the taxpayers $5.4 trillion in constant 1993 dollars. The War on Poverty has cost us 70 % more than the total price tag for defeating both Germany and Japan in World War II, after adjusting for inflation. Many believe that Welfare has destroyed millions of families and cost a huge portion of our national wealth in the process.
Last year, Americans spent $450 billion on Christmas. Clean water for the whole world, including every poor person on the planet would cost about $20 billion. Let's just call that what it is: A material blasphemy of the Christmas season.
Features have a specification cost, a design cost, and a development cost. There is a testing cost and a reliability cost. ... Features have a documentation cost. Every feature adds pages to the manual increasing training costs.
Detroit is an urban hell. But even in this city of the dying auto industry, there is reason to hope, if they manage to combine the creative forces of designers and other intellectual "suppliers" in other ways.
If you look at Michigan generally speaking. You look at the big auto plants that are being built in Mexico and you look at what is happening with respect to Mexico is like the eighth wonder of the world. And Michigan is getting killed.
Growing up in Mexico, I have many fond memories of not only celebrating posadas with my family, but also of the time spent together menu planning and prepping for decoration and entertaining activities. A lot of work goes into celebrating these traditions, but that doesn't mean they have to cost a lot too.
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