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US to make profit from bailouts

Now this is just silly. Why do you think Detriot had so many problems in the first place? Because they were unable to compete.

Oh look it's the, "Americans are overpayed, lazy, uneducated, American industry produces crap and all America needs to die," argument again.

Placing tariffs that would make it so they didnt have to compete would simply make the collapse even steeper when it occurred, not to mention they wouldnt have improved quality and value as quickly without global competition.

No actually Tariffs is the only solution. Prepare for doomsday.
 
Oh look it's the, "Americans are overpayed, lazy, uneducated, American industry produces crap and all America needs to die," argument again.



No actually Tariffs is the only solution. Prepare for doomsday.


I don't want to put words in OC's mouth, but I really, really think he wasn't making such an argument.
 
Oh look it's the, "Americans are overpayed, lazy, uneducated, American industry produces crap and all America needs to die," argument again.

No actually Tariffs is the only solution. Prepare for doomsday.

You are proving to be a complete troll.

They overpromised their pay structure, from benefits to retirement. They also overstructured their assembly lines and placed too many barriers to light retooling that could make changes without large remodels. 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.
 
So what's your excuse for Solyndra?

Probably the same sort of excuse one might have used for Silverado.

Ouch! Stepped right into that one. Ooops.
 
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?
 
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.
 
... 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.
 
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.
 
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.
 
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.
 
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.
 
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.
 
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.
 
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Right. And, government fiddling with the financial market is what caused the recession.

If you know anything about the great recession, you know that is simply not true.
 
So, if you were employed by a company that would have failed if it were not for the bail outs of other companies you should loose your job to stay moral. Please explain your priorities. And explain why the government doesn't have the authority and have that also cover actions that supported WWII.

If I were in charge I would accept the money if offered.

That is because I have self-interest.

But offering the money is not moral. Government is the bully that punishes some self-interest while rewarding self-interest.

It is your responsibility to show where the government has authority.

The issue has nothing to do with 'morality'. It has to do with the thousands of middle class workers that would have been out of work. This country runs on the middle class. Without their spending, the entire economy shuts down. The middle class has slowed down consumption and our economy is struggling. Can you imagine how much worse it would have been with a couple hundred thousand more unemployed?

Now, if you want to talk about penalties for the executives that caused the crisis..... That is for a different thread, but I would be very supportive of that!

Bad business practices must be punished. If they go unpunished they continue. If you forgive some areas while do not do the same in others, there is a moral crisis.

Indeed the economy would have suffered had the auto companies failed. But the jobs would not have been lost forever.

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.

That is industry favoritism. Free trade benefits everybody wile tariffs benefit a few.
 
Right. And, government fiddling with the financial market is what caused the recession.

They are so connected it is hard to tell them apart.
 
"Americans are overpayed"

"American industry produces crap."

You forgot the "Americans are uneducated and lazy" part. Now say something about Unions and the edumucation system.

I see you are continuing with the trolling tactics. You are allowed to make your own arguments, you are not allowed to mischaracterize mine. That is not what I posted. Maybe its what you believe, its not what I believe.
 
Moderator's Warning:
Gentlemen.... let's everybody have a tall frosty mug of Chill the **** Out before posting further, mmmkay?
 
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