Pelosi to Seek Auto Industry Relief Bill

Discussion in 'Politics' started by Dragoon68, Nov 11, 2008.

  1. Dragoon68

    Dragoon68
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    Pelosi to Seek Auto Industry Relief Bill



    Surprise! More government bail outs, more taxes, more debt, more government ownership in private business, more socialism.

    I say let General Motors go under and someone will pick up the pieces, make better quality cars, and sell them for better prices.
     
  2. OldRegular

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    If anyone reads Motor Trend magazine there is an interesting editorial in the current issue on this subject.
     
  3. JustChristian

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    I recently bought a new car because my 9 year old car bit the dust. I looked at GM and Ford and they literally offered nothing that I was willing to buy. They hung on to the SUV craze much longer trhan the foreign auto makers. Now they're paying for it.

    On the other hand, I heard that if GM or Ford goes bankrupt it means the loss of 2.5M jobs in this country. I really don't weant to reward them for poor planning but this would be a serious nail in the coffin of the American economy.
     
  4. rbell

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    With government money comes government control.

    Since the government (read: you and I...or at least our money) sees fit to...
    • bail out failing businesses, ignoring that bad business practices (that go uncorrected) are what got them there;
    • bail out homeowners who bought more house than they could afford--but now I must help absolve many of their consequences;
    What next? If our church doesn't make this year's budget, can I get some free $$?

    (PS...I don't want it :wavey: )
     
  5. Dragoon68

    Dragoon68
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    We can't keep protecting the home ice delivery man when we now have refrigerators. That's the government's response. It's not the smart response!

    Healthy businesses are needed to provide jobs for people. The government can't make or keep a business healthy. Proper and timely response to competition and adaptation to market needs can. The dead wood needs to be cleaned out - not repainted. New trees will grow from the pile of ground up mulch.

    Workers need to, likewise, respond properly and timely to competition and adapt to changing market needs. They may need to change employers, learn a new job, relocate where the work is just like our ancestors did when they came here and moved across the land. It was tough and it can be again.

    In the long term industry - of the workers and the owners - will overcome the failures of business from whatever reason.

    We need to stop running to the idiots in Washington every time things don't work out well. They're happy to take our money and spend it carelessly.
     
    #5 Dragoon68, Nov 11, 2008
    Last edited by a moderator: Nov 11, 2008
  6. carpro

    carpro
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    If it had been a Republican idea , liberals would be screaming about "corporate welfare".

    If it's a liberal idea, they'll call it an "investment".

    Look for many more such "investments" in the near future.
     
  7. canadyjd

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    It is a payoff to the auto unions for their support of the democrats.

    peace to you:praying:
     
  8. Bible-boy

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    HellOOOOOO!:tonofbricks:
     
  9. swaimj

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    I think bailing out GM is a bad idea. They do not have a business model that is realistic or workable. If we bail them out, we will have to do it again later...no, make that sooner.

    Allow them to go bankrupt. Bankrupt does not mean that they cease to exist and it does not mean that all of the jobs are lost that the scaremongers are saying. Bankruptcy protects them so that they can reorganize into a leaner corporation with fewer plants, fewer workers, fewer brands, and fewer dealers and become a profitable company.

    Doing this will PROBABLY force Ford and Chrysler to do the same thing: declare bankruptcy and become competitive, although in Chrysler's case they probably will cease to exist.

    Our entire economy is collapsing. It started in the housing market, spread to the financial market, and now is effecting industry. Out new president-elect and the Democratic congress are ideologically inclined to nationalize everything and do away with free enterprise. Let the free market run its course. It will be very painful, but when it is done, we will still be a free country.
     
  10. Dragoon68

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    Democratic Proposal Includes Federal Stake in Car Companies

    Big time socialism is in the works! The Democrats figure they'll just use some the $800 billion already approved for this buy up - far more than a bail out - of private industry. These are dangerous times and things are moving very quickly in the wrong direction.

    I see Barney Frank - chief homosexual of Congress - is putting his pen to work on this legislation. Does he have a boy friend at GM, Ford, or Chrysler like he did at Fannie Mae?

    It's almost as if problems are being created for solutions already in mind. Could it be? I hope not!
     
    #10 Dragoon68, Nov 12, 2008
    Last edited by a moderator: Nov 12, 2008

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