John D

Economic Efficiency Cannot Be Calculated

CONSTRUCTE .... No doubt you must be involved in POLITICs you seem to write with the same arrogance as those speak of in congress. You think that the politicians could do a better job of running a corporations - and yet they have a hard time showing the discipline to do what is right for the country without letting their almighty emotions cloud there judgment. The GM, Ford & Chrysler fiasco was nothing more than SMOKE & MIRRORS to divert the attention away from the actual source of the problem ... politicians throw $700 billion at a problem that THEY never should have allowed to happen in the beginning and make the auto industry do a song & dance for a few billion in LOANs so that they can survive the CREDIT CRISIS - and you ask why they were so low on cash ... because the SAME politicians allowed the Asian car companies to dump cars here under FREE TRADE but had they have been doing their jobs properly would have been EQUAL TRADE where they take the same amount of cars to their countries but that didn't happen either. The auto companies no longer provide a set pension for new employees, they get 4% annually and they invest it how they see fit - they no longer provide health care, the union will look after it and when that dries up the government will need to take over (you forget the BILLIONs the tax payers saved when the Big 3 were paying for YOU) - it's nice to see how patriotic you and the other politicians are but I think you all should get out the Webster’s dictionary and look up the term PATROTIC again - I believe it has to do with looking after your OWN country.
If anything the politicians should be in Detroit doing a "Song & Dance" with how they neglected to do their job which lead to financial problems on a GLOBAL scale - that my friend is called ARROGANCE !!


On Dec 28 08:38 AM constructe wrote:

> As always almost 100% with you on your posts. With all the mass unpredictable
> Fed and Treasury moves it will be extraordinarily hard to determine
> the effects of any one or combination of actions taken by them. It's
> like treating a patient with a fever with flue shots, antibiotics,
> ritual bleeding, depessants to make them sleep, and and stimulants
> to wake them up. The cure is more likely to kill them than the disease.
>
>
> Thanks for the quote Confucius quote. High salaries for bailed out
> execs do make us all sick. Catapillar is still profitable and their
> execs took a voluntary pay cut. I'd be happy to bankrupt GM and put
> it under their management any day. The big question has always been,
> how do we replace the management without harming the business and
> industry. So far management's refusal to leave, cut their salary,
> or do anything else but hold their employees and companies hostage
> for taxpayers ransom has left no other option but bankruptcy to solve
> this issue.
>
> Poor GM and poor America who has to bail them out. I doubt it will
> solve anything. I didn't in the 70's. That's why they are still in
> this predicament 30 years later.
>
>
>