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Do You Favor A Government Loan To The Detroit 3?

3958 messages,  Last post on Oct 02, 2009 at 4:52 PM

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What is this discussion about? Legislation


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#701 of 3958
Big 3 Crisis solved by 110th Congress by gagrice
Nov 22, 2008 (10:54 am)
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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
#702 of 3958
Re: A previous poster is quoted below. [rangerover2] by manegi
Nov 22, 2008 (11:23 am)
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Replying to: rangerover2 (Nov 20, 2008 5:03 pm)

We have been losing the economic war for decades to countries that do not respect our free trade principals and have been using them to bring our country to it's knees
 
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
#703 of 3958
Re: Big 3 Crisis solved by 110th Congress [gagrice] by steve_ HOST
Nov 22, 2008 (11:27 am)
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Replying to: gagrice (Nov 22, 2008 10:54 am)

That's hilarious. The Onion will probably come back with a GOP Hummer up on blocks.
 
Be a nice yard ornament for Mrs. Tired Old Dave eh?
#704 of 3958
Re: Some might say this is a moral issue? [bpraxis] by tired_old_dave
Nov 22, 2008 (11:39 am)
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Replying to: bpraxis (Nov 22, 2008 10:15 am)

Thanks for the buggy whip comment. Was going to relate that technological change in a Hummer post. Did Fisher Body build carriages before car bodies? Some people still use whips but what happened to the blacksmiths.
 
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.
#705 of 3958
Re: Big 3 Crisis solved by 110th Congress [gagrice] by dieselone
Nov 22, 2008 (12:37 pm)
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Replying to: gagrice (Nov 22, 2008 10:54 am)

That is freakin hilarious! ROTHLMAO!!!
#706 of 3958
Re: Some might say this is a moral issue? [tired_old_dave] by steve_ HOST
Nov 22, 2008 (2:03 pm)
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Replying to: tired_old_dave (Nov 22, 2008 11:39 am)

Wikipedia says that Fisher Body's beginnings trace back to a horse-drawn carriage shop in Norwalk, Ohio, in the late 1800s. No forge, but I have a weaving loom fwiw.
#707 of 3958
Re: Some might say this is a moral issue? [bpraxis] by jpf
Nov 22, 2008 (2:32 pm)
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Replying to: bpraxis (Nov 22, 2008 10:15 am)

When it reaches a point and our freedom is on the line, who makes the steel and builds the armaments? I guess we'll depend on the Chinese owned steelmakers and the Japanese owned automakers. By the way, without any U.S. based industry where do the American engineers go to work? I guess we'll let the Japanese or Chinese busineses equip our military. Let's hope they don't become our enemies.
#708 of 3958
Thankyou GaGrice by bpraxis
Nov 22, 2008 (3:04 pm)
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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.
#709 of 3958
Re: On the tube [pf_flyer] by dtownfb
Nov 22, 2008 (5:13 pm)
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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.
#710 of 3958
Re: A previous poster is quoted below. [manegi] by rangerover2
Nov 22, 2008 (6:58 pm)
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Replying to: manegi (Nov 22, 2008 11:23 am)

China requires JV's and has little to no patent protections. I hope this is not what you consider open.
 
Our companies are competing with Countries. Currency manipulation, uneven trade policies and looser labor rules undermine the U.S. You cannot hold American companies to costly standards and then allow other countries to dump product on your market while they set up barriers to U.S. products in their own markets.
 
I don't care that you live in Japan or about the sermons that the U.S. gave. The bottom line is that countries compete with the U.S. because we make it easy for them to undercut our industries. For you to insinuate that the U.S. cannot compete is maddening and just wrong. No company can compete with countries. The U.S. Government needs to grow a set and level the playing field.
 
And don't talk about the U.S. bailing out industry when Japan in #1 when it comes to corporate welfare. Talk about the pot calling the kettle black.

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