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Thread: Harry Reid: Auto Bailout Probably Saved Ford

  1. #141
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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    Maybe, but costs have to be cut somewhere, and it won't be in utility or maintance costs.
    Lets see in the last couple years the High School I live behind built a law school building and a new cafateria. I am not refering to maintenance Iam referring to new buildings. They also made a new retention pond that butts up to my property. Does this mean I now have waterfront property?

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    Like at hospitals, money for building usually come from some other place, forbidden to be used to pay teachers or anyother bill.

    However, that isn't what I claimed at all. I claimed that nothing involving a school goes down, and that the largest area that can be controlled is teacher pay, thus teachers get cut during hard times.
    There are a lot of costs in a school besides teacher salaries. The town also has costs outside of schools that can be reviewed to see where efficiencies can be made.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by ptif219 View Post
    Lets see in the last couple years the High School I live behind built a law school building and a new cafateria. I am not refering to maintenance Iam referring to new buildings. They also made a new retention pond that butts up to my property. Does this mean I now have waterfront property?
    A high school built a law school building? That must be one helluva high school... talk about AP, I wonder how many credits you get entering the university with a law degree.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by upsideguy View Post
    A high school built a law school building? That must be one helluva high school... talk about AP, I wonder how many credits you get entering the university with a law degree.
    My question is how many law professors are willing to work at highschool teacher's wages.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by upsideguy View Post
    A high school built a law school building? That must be one helluva high school... talk about AP, I wonder how many credits you get entering the university with a law degree.
    My point is schools are building to use money to get more money yet can't pay teachers. What is wrong with this system?

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Lord Tammerlain View Post
    What bias.

    Are the following facts or not?

    1. Auto sales did collapse did they not?

    2. There was a credit crisis at the time was there not?

    3. The financial institutions that GM could have gotten debtor in financing from were getting bailout by the government at the time were they not?

    The only question would be.

    Who could GM and Chrysler have gotten debtor in financing from at that time?
    It's like I've been saying since the crisis came to a head in Oct 2008, Corporate America could not fix itself. The only other source for capital was the federal government (Treasury). Nonetheless, if people would just take off the partisian/political blinders and just dig deeper into the issues rather than relying on sound-bites or the surface news stories, they'd know exactly what when down, how things transpired and why certain decisions were made and why things are the way they are now.

    Example:

    Banks took out government loans (bailouts), but have paid most, if not all, of that money back. The incentive for the banks was to become more financially stable fast to get the government off their backs. The benefit to the fed was as long as they kept the pressure on the banks to show a profit, the people's investment would be secure and the fed would eventually get their money back and could possibly even make a profit is the financial instruments they took back increased in value.

    GM/Chrysler benefits because they were able to remain in business via government loans. At first, I advocated letting them fold as well, but once I started looking at the "domino affect" this would have created across other distribution and commercial sectors, I realized it was smarter to bail them out than to let them fail. Now, granted, through some creative financing GM and Chrysler have been able to pay back their gov't loans. Still, it was in their best interest to do so for the exact same reason it was for the banks - "the sooner we can pay back the government, the sooner we get the government off our backs". And for the government (People), the benefits were the same...turn GM/Chrysler back to profitability soon so that they could buy back their stocks/bonds, etc., or allow same to turn a profit and sell them on the open market. Either way, the government's only risk was if the banks and the U.S. auto industries didn't turn a profit. By all accounts, they seem to be doing fine now.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by ptif219 View Post
    My point is schools are building to use money to get more money yet can't pay teachers. What is wrong with this system?
    You got a problem with that, talk to your local school board. Don't blame the fed for it. Your blame is clearly in the wrong place here.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Objective Voice View Post
    You got a problem with that, talk to your local school board. Don't blame the fed for it. Your blame is clearly in the wrong place here.
    I am not so sure. It may be the feds allocate how he money is spent

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by washunut View Post
    There are a lot of costs in a school besides teacher salaries. The town also has costs outside of schools that can be reviewed to see where efficiencies can be made.
    And no one has thought of these?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    And no one has thought of these?
    Just like anything else a new set of eyes might find some areas where savings might be had. I have not looked at a business model where we could not do some things better. Probably why I have been able to retire.

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