Posted: 11/11/2008 7:14:45 AM EDT
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Now the dems and the Messiah-Elect are talking about bailing out the Big Three for allowing unions to take over and for bad business practices (poor fuel economy, etc).
All of these bailouts infuriate me. If companies are too big to fail today, then they will always be too big to fail and they will always make bad decisions because they will always be bailed out. Even G Dub wants to trade one vote for another. I'll pass your shitty ass socialist bail out plan if you open free trade with Columbia. That is BULL SHIT. I don't care about free trade with Columbia, but I DO CARE about bailing out bad businesses!!!! I feel like my vote or say does not matter because they majority want cheese from the government and I'm stuck paying for it all. Once we've come this far, there is no turning back for the dependent. :( |
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Take a look at some of the government regulations the US automakers have labored under for years, IMO those regulations are at least half the reason they're such dire financial straits. Yes, a lot of their problems have been self inflicted, stupid union contracts, poorly designed vehicles, but the .gov plays their role in it, and that's never going to change. The .gov can bail them out or let them fail, but we shouldn't forget that the .gov is part of the reason why they're failing in the first place. |
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Here is what I don't understand about all these bail outs. If you or I ran our finances into the ground we would have to declare bankruptcy, sell our possessions at a discount, and more or less start over. So why doesn't this apply to the businesses? If they invested into too many risky accounts, why aren't they forced to sell those accounts at a discount to other businesses, liquidate the company, and go out of business or start over?
Throwing good money after bad has never worked out very well. These businesses should be forced to take a loss on their poor decisions, instead of being rewarded with tax payer money to continue making poor decisions! |
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Quoted:
Take a look at some of the government regulations the US automakers have labored under for years, IMO those regulations are at least half the reason they're such dire financial straits. Yes, a lot of their problems have been self inflicted, stupid union contracts, poorly designed vehicles, but the .gov plays their role in it, and that's never going to change. The .gov can bail them out or let them fail, but we shouldn't forget that the .gov is part of the reason why they're failing in the first place. toyota and bmw dont have to abide by the same .gov standards? |
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Quoted:
Quoted:
Take a look at some of the government regulations the US automakers have labored under for years, IMO those regulations are at least half the reason they're such dire financial straits. Yes, a lot of their problems have been self inflicted, stupid union contracts, poorly designed vehicles, but the .gov plays their role in it, and that's never going to change. The .gov can bail them out or let them fail, but we shouldn't forget that the .gov is part of the reason why they're failing in the first place. toyota and bmw dont have to abide by the same .gov standards? The brand new toyoya plan here just fired back up after a 3 month near shut-down. |
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Quoted: Here is what I don't understand about all these bail outs. If you or I ran our finances into the ground we would have to declare bankruptcy, sell our possessions at a discount, and more or less start over. So why doesn't this apply to the businesses? If they invested into too many risky accounts, why aren't they forced to sell those accounts at a discount to other businesses, liquidate the company, and go out of business or start over? Throwing good money after bad has never worked out very well. These businesses should be forced to take a loss on their poor decisions, instead of being rewarded with tax payer money to continue making poor decisions! Read Atlas Shrugged for a lesson on sacrificing the producers to the non-producers. |
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Quoted:
This. And this.
I hate the idea of bailouts. I'm a predatory capitalist. The strong should thrive, the adequate should survive, the weak should die. Play stupid games, win stupid prizes. You made your bed, now sleep in it. Etc... CJ |