2dave2

Automaker Bailout Fails: This Is Not Good

Absolutely right on. These 3 companies have had 30 years to get it right and can't seem to do it. as painful as it will be for the next few years, the bailout should not pass. Let the chips fall and perhaps Yankee ingenuity will create other niche markets from what rises from the ashes...

On Dec 12 04:03 AM dg314 wrote:

> I totally disagree. America is supposed to be about Yankee ingenuity,
> creativity, and hard work. It is not supposed to about taking charity,
> about propping up the poorest performing.
>
> After you do this, what other industries would you consider? They're
> all important. Tech? Aerospace? Hollywood? Would we want a czar
> for each of those industries, and the federal government to have
> a cut?
>
> Is that really the kind of country we want? Sounds a lot like the
> USSR with its 5 year plans. They ended up with grey buildings, empty
> shelves, bad shoes, bad cars.
>
> As painful as it is, competition is the system that got us where
> we are, and really doesn't it kind of emulate how nature works?
> Viewed that way, these efforts by congress and the unions actually
> go against nature. They are unnatural and artificial and thus cannot
> last.
>
> So you're proposing that we spend money on companies that can't even
> sustain themselves for the next few months in order to preserve your
> "adspend". I presume you also support another "stimulus" where we
> print money and mail cash to folks in the hopes they spend it. Is
> that really the most we can aspire to from our economy and our citizens?

>
>
> No! The answer is no. We as a nation have done better than that
> pathetic vision for most of our history and I think we have it within
> ourselves to excel again - but it is not helpful to have congress
> brainwash us into a self-pitying stupor.
>
> What kind of lesson would a bailout like this send to our children,
> not to mention some of the measures being considered and taken regarding
> mortgages. What's the lesson: be a failing company, or don't pay
> your bills, or buy at a bad time and then want out - no problem,
> the government will print money or take other people's money to prop
> you up! If that's the case, why bother to strive at all?
>
> After about 2 generations of training our children to think like
> that we really WOULD be in trouble.