xsuddensam

Take a Stand Against Government Spending

Trying to solve what is essentially a debt problem run amok by creating more debt is irrational. We need to bite the bullet, let the banks and the weak businesses fail. The government is only delaying the inevitable by propping up these failing institutions with our money.

Does the Auto Industry Deserve To Be Bailed Out?

a.palmer jr:

It's like the pot calling the kettle black. However, the crooks in Washington are flying for free in jets belonging to their corporate masters.


On Nov 22 09:42 AM a. palmer jr. wrote:

> I kinda got a laugh at the Representative who asked the CEO's how
> they got there. It's kinda like the Senators, Sec of State, Pres.
> and Vice Pres. flying around in planes paid by taxpayers when our
> government is trillions of dollars in debt!!

Does the Auto Industry Deserve To Be Bailed Out?

I'm sick and tired of all the cry babies. Management's poor business model and labor's unreasonable demands are primarily responsible for the big three meltdown. If they now can't work it out, too bad. We don't need to subsidize UAW pensions and health plans and we certainly don't want to reward the big three for failure.

Yesterday, the UAW pleaded for a bailout, warning about the far reaching unemployment implications if it is denied. If the UAW is so concerned about keeping these jobs, the union officers should take a pay cut, downsize the union, lower member fees and convince members into making more concessions.

It's about time people standup and take responsibility rather than bitch and moan about their self created problems.

Bail Out Capitalism, Not Detroit

Bailing out the auto industry is just as repugnant as bailing out the banking crooks on Wall Street.

The UAW as well as management can blame themselves for their shortsightedness. I certainly do not want to prop up UAW members' pensions and health plans. Like the rest of us, they should be responsible for themselves.

If they can't work it out, screw 'em!

Time to Dismantle the 'Corporatocracy'?

DJT says:

"Now, I’m no math genius, but when you have a subset of the economy growing much faster than the economy, it points to a super-concentration of risk. Especially when the system is so inter-connected, perhaps the issue is that some companies became too big, ya think? "

Yup, I agree that some companies have become too big, however; you've left out the most important thing: accounting fraud. With size comes the ability to obfuscate and mislead through complex and fraudulent accounting procedures.