WhynoT

Free Marketeers for Wage and Price Controls

User 30whatever to whom the hell are you referring? The author? He is simply pointing out some of the wide range of hipocracy permeating our lives right now.

Welcome to socialism...

TARP, the Sequel: Auto Bailout

The socialist esque please for the UAW workers "conditions" is quite laughable...

Is a line factory worker really comparable to a "financial guru" to use previous posters words?

You can pile on all of the hate for the over-leveraged mess most banks have gotten themselves into but the comparison between someone who probably at a minimum has some form of graduate degree to a high school dropout factory worker is hilarious. Oh and the sports comparison is equally hilarious, the sports player has.... TALENT whereas a factory worker is simply waiting to be replaced by a robotic arm.

TARP, the Sequel: Auto Bailout

If I can summarize the comments on this board.

It's the governments fault the big 3 are failing.

Let's see if we can form a trade off of probable outcomes:
1. Government loans/bailsout/etc the big 3 gaining even more control and therefore worsening the outlook for all.

2. Government does not loan/bailout/etc the big 3 letting them fall into BK.

Conclusion: Short the big 3.

GM: More Bailout-Worthy than Citigroup

Its called the [CAPSLOCK] button press it or go away.

Take a Stand Against Government Spending

Time to move.

The Truth About Bailouts

I applaud Mr. Schiff's ability to develop a fundamental thesis and to explain said thesis to everyone willing to listen even if they laugh and jaw at his idea's. You have to give the man credit for calling the crisis even wthen the slack jawed yokels were laughing in his face on national TV.

I agree, the boomer generation has bankrupt our country, my children, their children and I will be footing the bill for decades to come. I doubt any of our politicians or our nation as a whole will be willing to accept a "lower standard of living". Such drastic measures will have to be forced upon us by our creditors, we are in for some difficult times ahead.

Tough Love for Detroit Is Long Overdue

John D:

Let me see if I get this right. The Big-3 use 50% more workers to make the same amount of cars, therefore we should save them...

If this is the new logic of capitalism then I've got a lemonade stand that takes 1,000 employees per cup, wheres my bailout?

This idea that whats good for the Big-3 is good for america needs to be wiped from our collective consciousness. So sad that places like China are looking more capitalistic than the US.

On Nov 18 01:41 PM John D wrote:

> Joel ... you seem very high on Honda & Toyota environmentally
> friendly cars - if you look back, that must mean GM was well ahead
> of it's time when they came out with AV1 electric vehicle technology
> in 1990 - and if I remember correctly - North America had ZERO interest
> at the time therefore there was NO market and GM went back to what
> the people wanted. Here in North America everyone loves to jump on
> the bandwagon but have difficulty presenting the facts - I'm quite
> sure that the Asian cars are of good quality - BUT - FACT - they
> don't provide 78 jobs per 2500 cars built here like the Big3 but
> a mere 33 jobs per 2500, so what you are saying is that you would
> risk removing over 50% of the automotive jobs because Honda's &
> Toyota's are PRETTY. With those jobs lost - who is going to pay for
> the financial bailout - if the Asian imports had been regulated to
> an even playing field back in the 90's when the 1st electric car
> was brought out - North America would not be in the SAD shape it
> is in today. The cars companies have been trying to warn about this
> for years but again - no one WAS interested.Obama said it during
> one of his speeches - why do Americans allow Korea to dump hundreds
> of thousands of cars here and we sold a whopping 5000 there.

>
> There was no real problem with the Big 3 - they were all inline with
> they're restructuring efforts, other that they were blindsided by
> the skyrocketing fuel prices (which the North American governments
> AGAIN did ZERO to head off) and the biggest problem being the collapse
> of the financial sector which is preventing people from purchasing
> a house or a car as there is NO CREDIT available - Japanese &
> Korean car companies have more money to burn through (and are doing
> so at the same rate) but you can bet the Asian governments will stand
> by them to insure they're around in the future to get YOUR profits
> and take them home to support THEIR people.