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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3958 messages, Last post on Oct 02, 2009 at 4:52 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Some might say that it is immoral to take money from the tax payer to give to a failed enterprise. This means any failed enterprise, AIG to GM. Some might say that Socialism punishes: 1. Hard Work 2. Thrift 3. Entrepreneurship Is this the Road To Serfdom and do we really want to proceed down this road? Should the government have bailed out the buggy whip manufacturers at the turn of the last century? Some might say let Creative Destruction take place and the economic resources will be reallocated to their most efficent use by the millions of participants in the market. Was it freedom or Socialism that provided the US with the highest standard of living in the history of human civilization?
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 All new for 2012, the Pelosi GTxi SS/Rt Sport Edition is the mandatory American car so advanced it took $100 billion and an entire Congress to design it. We started with same reliable 7-way hybrid ethanol-biodeisel-electric-clean coal-wind-solar-pedal power plant behind the base model Pelosi, but packed it with extra oomph and the sassy styling pizazz that tells the world that 1974 Detroit is back again -- with a vengeance. We've subsidized the features you want and taxed away the rest. With its advanced Al Gore-designed V-3 under the hood pumping out 22.5 thumping, carbon-neutral ponies of Detroit muscle, you'll never be late for the Disco or the Day Labor Shelter. Engage the pedal drive or strap on the optional jumbo mizzenmast, and the GTxi SS/Rt Sport Edition easily exceeds 2016 CAFE mileage standards. At an estimated 268 MPG, that's a savings of nearly $1800 per week in fuel cost over the 2011 Pelosi. Even with increased performance we didn't skimp on safety. With 11-point passenger racing harnesses, 15-way airbags, and mandatory hockey helmet, you'll have the security knowing that you could survive a 45 MPH collision even if the GTxi SS/Rt were capable of that kind of illegal speed. But the changes don't stop there. Sporty mag-style hubcaps and an all-new aggressive wedge shape designed by CM's Chief Stylist Ted Kennedy slices through the wind like an omnibus spending bill. It even features an airtight undercarriage to keep you and a passenger afloat up to 15 minutes -- even in the choppy waters of a Cape Cod inlet. Available a rainbow of color choices to match any wardrobe, from Harvest Avocado to French Mustard. Inside, a luxurious all-velour interior designed by Barney Frank features thoughtful appointments like in-dash condom dispenser and detachable vibrating shift knob. A special high capacity hatchback holds up to 300 aluminum cans, meaning fewer trips to the redemption center. And the standard 3 speaker Fairness ActoPhonic FM low-band sound system means you'll never miss a segment of NPR again. Best of all, the Pelosi GTxi SS/Rt is made right here in the U.S.A. by fully card-checked unionized workers and Detroit's famous visionary jet-set managers. Even if you don't own one, you can enjoy the patriotic satisfaction that you're supporting the high wages, good benefits, and generous political donations that are once again making the American car industry the envy of the world. But why not buy one anyway? With an MSRP starting at only $629,999.99, it's affordable too. Don't forget to ask about dealer incentives, rebates, tax credits, and wealth redistribution plans for customers from dozens of qualifying special interest groups. Plus easy-pay financing programs from Fannie Mae. There is more
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Replying to: rangerover2 (Nov 20, 2008 5:03 pm) What are you talking about? Both China and India were closed economies (and - if we go that far back in history - so was Japan). It was the US who forced them open, with the "Capitalism is good" mantra. Now that they compete with US, and parts of US economy cannot compete with them, you want to change the rules? In the last five years, US has completely lost its moral high ground. I live in Japan, and remember the sermons that US preached to the Japanese Govt in later 90s about how to let the "weak go under" for the greater good, and now we have US bailing out anything that is still breathing. So please, please - Take any line of argument, but THAT
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Replying to: gagrice (Nov 22, 2008 10:54 am) Be a nice yard ornament for Mrs. Tired Old Dave eh? |
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Replying to: bpraxis (Nov 22, 2008 10:15 am) Libertarians would probably say that's your problem I got mine go find yours somewhere else. Modern Society is represented by interdependency. We don't build our own log cabins, dig wells, kill and butcher animals, plant crops, fix the ague with homemade cures, gin our cotton and weave on our looms. The last bubble started after ww2, capitalists rebuilt the axis while our infrastructure, save Ike's interstates patterned after the PA Turnpike and the autobahn, was left to wither on the vine. The final deregulation provided for our comsumptive societal system to be fed with borrowed international money. The CN$ climbed and retreated, the yen has just climbed and retreated a little. Unless all world currencies can be debased like the fiat dollar, perhaps hyperinflation is around the corner and everyone will be gnashing their teeth. Did you get yours while the gettin was good. So what harm is a little loan compared to the trillions wasted on armament. There was a shortage of ammo not too long ago. Without a textile industry where are fatigues sewn. Hardness strengths on bolts that are true, weak Brazilian steel, and a veteran of LBJ/Nixon's war recently saw the label on a package of his underwear - made in Vietnam. |
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Replying to: gagrice (Nov 22, 2008 10:54 am) |
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Replying to: tired_old_dave (Nov 22, 2008 11:39 am)
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Replying to: bpraxis (Nov 22, 2008 10:15 am) |
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Thankyou so much Ga Grice for all of you work and wonderful instructive creativity. I am still laughing from your fantastic post, To jpf re post number 707. My suggestion is not that our manufacturing industry would disappear but would be reallocated to more competent hands in the form of bankruptcy. We have many very successful manufacturing companies such as: 1. Deere and co. 2. Catepiller 3. Cummings 4. Emerson Etc. Etc. Unfortunately we have the second highest corporate tax rate in the world at 39 percent. Combined with various state tax it is the highest. So if we want more manufacturing companies to locate in the US we must be competitive from a tax standpoint. Some former communist countries have corporate tax rates as low as 12.5% So if you and I want to build a manufacturing plant, how can we compete with companies domiciled in Hong Kong, Ireland, Russia, Panama etc? The end game of bailing out or socialism is bankruptcy which would not put us in a position of military strength. One possible solution is FairTax.org which could make the US a Super Nova of prosperity. |
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Replying to: pf_flyer (Nov 19, 2008 11:49 am) Simple, the management of the big 3 have to approve the contract for the UAW. What you pay your employees is the responsibility of management. If you agree to overpay your employees and give them unreasonable benefits, you can't blame them for you losing money. You agreed to the terms. The buck stops with the CEO which is why they were getting grilled and why Rick Wagoner needs to go. |
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