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Thread: US to make profit from bailouts

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    Re: US to make profit from bailouts

    Quote Originally Posted by Matt Foley View Post
    Oh look it's the, "Americans are overpayed, lazy, uneducated, American industry produces crap and all America needs to die," argument again.
    Well, ain't that the argument that the Libbos use to justify illegal immigration?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US to make profit from bailouts

    The bailouts and such are one of those things I am incredibly indifferent on. I understand that the numbers, economist, etc tell us that these crutches helped to avert disaster, however I also understand that in the case of the banks specifically, they don't give a **** and will run us into another recession by 2016.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: US to make profit from bailouts

    Quote Originally Posted by Wiseone View Post
    ... In other words while I supported the takeover of places like AIG or GM to prevent a domino effect, and to save jobs, I hope the government presence in these companies or others does not become the norm....

    So right now, excellent news on potentially turning a good profit, but more important is where the government is going to go with this into the future and how will this change our economy.

    Do you support the Federal Government's involvement with Boeing, just to name one major foot in the corporate door that Federal Government has in corporate America? I could name a few others, but I think you probably already know them by name.

    I'm just curious, because we always say we don't want government involved in our private lives, but our private lives are inextricably connected to our corporate lives - so how can we not be connected in very significant ways, has always been my question.

    I guess my question is this, if everybody had a job that paid a minimum of $75k/yr with full benefits and four (4) weeks of paid vacation per year - but - the Federal Government had to be involved in the industry in which you were employed to some significant degree, would you still be happy? Or, would you walk off the job tomorrow morning because you don't like Federal Government involvement into your personal life - and of course, being directly connected to your paycheck, is just about as directly connected to your personal life as it can get.

  4. #34
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    Re: US to make profit from bailouts

    Quote Originally Posted by JohnWOlin View Post
    The bailouts and such are one of those things I am incredibly indifferent on. I understand that the numbers, economist, etc tell us that these crutches helped to avert disaster, however I also understand that in the case of the banks specifically, they don't give a **** and will run us into another recession by 2016.
    It was the government that ran us into the recession, not the banks.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US to make profit from bailouts

    Quote Originally Posted by apdst View Post
    It was the government that ran us into the recession, not the banks.
    I think the government certainly had a part in it, but there are several other factors, and the financial market is the backbone of it.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: US to make profit from bailouts

    Quote Originally Posted by Matt Foley View Post
    Auto industry wouldn't need bailouts if there were tariffs in place.

    2 billion whole dollars in like 5 years. WOW, amazing. The US government would be making that type of "profit" every day if there were tariffs in place.

    Tariffs? In a Global sector where we've been getting our hat handed to us over the past several decades by Japan and Germany, on the issue of product quality and overall esthetic appeal, I doubt that Tariffs would have been anything less than regressive, and if attempted, you would have seen them lifted in a heartbeat.

    There is far too much competition for that, making far to many appealing products for Tariffs to work as a revenue generator. If you want revenues you have to compete and that means designing, engineering and producing quality automobiles that appeal. Our problem is that for too many decades, we did none of those things very well and Honda, Toyota, Hyundai, BMW and Mercedes (all before the various corporate entanglements took place), ate our lunch and stole our lunch money - both at the same time.

    That's why when you think basic luxury car (as just one classification example) as an American car buyer, you start with Mercedes, then you move to BMW, and probably then to Audi (maybe Lexus). You probably only think about Cadillac, as you drive home past that dealership that's been sitting in the same location for the past 65 years - and that's our Flag Ship Luxury Automobile, for goodness sakes.

    Fit & Finish issues, cheap parts and sloppy assembly, has been the way we did things for far too long. I remember buying a brand new 2000 Corvette MN6 Coupe. I had problems with the Fuel Sending Unit, Headlight Assembly, Mass Airflow Sensor, Ignition System and the Parking Break never worked. $50k+ for America's Flag Ship Sports Car and all I had were headaches and problems, not to mention lame mechanics who caused two problems for every one that I drove in with. I never bought another Corvette again. One and done.

    We compete by innovating and building quality products at decent prices. But, I'm afraid the Auto Wars are long since over.

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    Re: US to make profit from bailouts

    Quote Originally Posted by JohnWOlin View Post
    I think the government certainly had a part in it, but there are several other factors, and the financial market is the backbone of it.
    Right. And, government fiddling with the financial market is what caused the recession.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #38
    Death2Globalists Matt Foley's Avatar
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    Re: US to make profit from bailouts

    Quote Originally Posted by PW4000 View Post
    Tariffs? In a Global sector where we've been getting our hat handed to us over the past several decades by Japan and Germany, on the issue of product quality and overall esthetic appeal, I doubt that Tariffs would have been anything less than regressive, and if attempted, you would have seen them lifted in a heartbeat.
    The, "American manufacturers produce crap and Americans are overpayed, lazy and uneducated," argument again.

  9. #39
    Death2Globalists Matt Foley's Avatar
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    Re: US to make profit from bailouts

    Quote Originally Posted by apdst View Post
    Well, ain't that the argument that the Libbos use to justify illegal immigration?
    No, libbos just say whites are racists and that shuts them up.

  10. #40
    Death2Globalists Matt Foley's Avatar
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    Re: US to make profit from bailouts

    Quote Originally Posted by OpportunityCost View Post
    You are proving to be a complete troll.

    They overpromised their pay structure, from benefits to retirement.
    "Americans are overpayed"

    They also overstructured their assembly lines and placed too many barriers to light retooling that could make changes without large remodels.
    "American industry produces crap."

    At NO point did I make the false bull**** arguments you are putting forth as my words. So you need to speak for yourself and not strawman the **** out of my posts.
    You forgot the "Americans are uneducated and lazy" part. Now say something about Unions and the edumucation system.
    Last edited by Matt Foley; 04-17-12 at 04:11 AM.

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