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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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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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Replying to: manegi (Nov 22, 2008 11:23 am) 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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Replying to: steve_ (Nov 22, 2008 2:03 pm) Maybe your neighbor has the anvil, and your other neighbors... Better Half and I were offered to live in a cooler red state decades ago because of our organic food interests... |
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