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Thread: GM needs up to $30 billion in aid to avoid failure

  1. #21
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    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    It's not just the big three. There are plenty of businesses tied to them. If the demand was there, they wouldn't be in trouble. People aren't getting the loans so it doesn't matter who builds the cars. Demand is limited by who can get financing.
    So if there is not demand for these companies then what makes you think we won't be offering bailouts to them again? I know what you are getting at but it is still the Gov't propping up an outdated industry. What would you say if there were the big 3 betamax companies looking for a bailout? People don't use betamax but if the companies went under people would be unemployed, never mind the fact that allowing these engineers to go on their own might lead to the invention of DVD's or Blu-Ray's.
    Affiant further sayeth not.

  2. #22
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    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by Indy View Post
    So if there is not demand for these companies then what makes you think we won't be offering bailouts to them again? I know what you are getting at but it is still the Gov't propping up an outdated industry. What would you say if there were the big 3 betamax companies looking for a bailout? People don't use betamax but if the companies went under people would be unemployed, never mind the fact that allowing these engineers to go on their own might lead to the invention of DVD's or Blu-Ray's.
    Cars aren't outdated like betamax. These companies didn't have the vision that Ford had regarding the future of the market.

    America doesn't make much anymore. If we allow foreign companies to overtake all of our production markets we will become more of a paper giant I am afraid.

    Your position has plenty of merit. Don't get me wrong. I don't see a silver bullet solution. I just lean towards a parachuting descent as opposed to being high speed dirt.
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  3. #23
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    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    Cars aren't outdated like betamax. These companies didn't have the vision that Ford had regarding the future of the market.

    America doesn't make much anymore. If we allow foreign companies to overtake all of our production markets we will become more of a paper giant I am afraid.

    Your position has plenty of merit. Don't get me wrong. I don't see a silver bullet solution. I just lean towards a parachuting descent as opposed to being high speed dirt.
    It is extremely difficult for more efficient firms to enter the market when super giants like GM can obtain lifeline credit to stay afloat. In ordinary market conditions, only the valuable aspects of GM would have survived and been bought by private entities, while the inefficient segments would have been left to die off.

    Adios! See ya all on Monday.... If im not in jail
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #24
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    Re: GM needs up to $30 billion in aid to avoid failure

    The problem with the 3 needs no cent to be solved. Capitalism does not fail. The problems of the 3 are problems of socialism.

    All the Congress has to do is to cut hands of Unions. ‘Unions are schools of Communism’, - V. I. Lenin.

    They are nto a school of Capitalism. All demands of Unions should be thrown into garbage. The pay should be cut a half. The rest should be earned in forms of profit sharing and stock purchase. The Unions can invest in pensions and medical insurance on their own, if they are so big and smart. Anyone who was making $20 per hour – may be cut to $10 per hour- the rest - % of profit and stocks, - like CEOs – so everyone would be a CEO. Work hard, compete, - get another $10 AND MORE

    If a regulation roughly sketched above is enacted today, tomorrow GM stock will jump, GM cars will start selling, economy would receive a boost, - no cent spent, - smart and FAIR government regulation of the market, - labor market.

    Of course, provided that Unions invested huge amount of money in Obama and Democratic Congress they want to see the profit, - nationalizing auto industry (in this or that form) and taking money from those who work hard and produce. ( The end result has been proven by experiments in many countries, - there will not be anybody willing to work hard and produce).That’s why they are not backing up an inch in negotiations. They set up Obmam and democrats to destroy one of most important fabrics and moving forces of the American society – which can be put in 2 words – FAIR COMPETTION.
    Last edited by justone; 02-20-09 at 10:12 PM.

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