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What a way to run a railroad...

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So my original question still stands: Who will buy their cars/trucks after the bailout?


The bailout doesn't create demand........it only prolongs the inevitable.

"Capitalism without loss is like religion without Hell."

The government cannot successfully manage any business enterprise they've entered into.


Kevin :d
 
My brother had an interesting insight on this. (I was telling him about this thread earlier today).


He says... Why not help the people instead of the corporation. The reason cars arent selling is because the people are broke and jobless. Sales would be up if the people were working and making money.

Makes sense to me.

If you keep the corporation in business and not the people (making a living) what do you have? The government would be paying corporations to stay in business when it should actually be helping the economy 'engine' itself, which is the people. When the poeple can afford the cars, then the corporations will be able to run on the proceeds...



Bill
 
Lionheart said:
My brother had an interesting insight on this. (I was telling him about this thread earlier today).


He says... Why not help the people instead of the corporation. The reason cars arent selling is because the people are broke and jobless. Sales would be up if the people were working and making money.

Makes sense to me.

If you keep the corporation in business and not the people (making a living) what do you have? The government would be paying corporations to stay in business when it should actually be helping the economy 'engine' itself, which is the people. When the poeple can afford the cars, then the corporations will be able to run on the proceeds...



Bill
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if they couldn't do it when they were sellin suv's left and right they won't suddenly be able to do it now i dont think
 
Hey All,

Absolutely outstanding post Rhumba!

You touch on so many salient points. I'll add a bit.

- near 6.5 billion people on earth and most need a job
- technology commonly designed to eliminate jobs at big investment
- does anybody see a conflict here? Growth based on innovation is suposed to fill the gap but innovation simply cannot keep up much less maintain a level of profitability to support big investment.

next

- we can overproduce anything we want on this earth for those with cash to pay for it.
- am I the only one who sees a problem here?
- in theory producers who fail are supposed to disappear and in fact those who fail do - the people - but not the factories because they are a financial asset upon which money can be borrowed. As a result production capacity does not decline and we maintain over production capacity. The result - we set up the next set of losers (people) but ultimately we all lose as all kinds of financial manipulations go on to maintain profitability which eventually catches up with us. One bubble to another coupled with bailouts.

Rhumba has it right the whole system is sick very sick.

My opinion is that small (where peoples lives have real meaning) really is beautiful and sooner or later we as a people on earth have to realize this and have governments act accordingly cause we ain't leaving this earth anytime soon. We simply can't afford big - the costs in money and eventually blood will be too high - mega large and efficient corporations anymore - too many people costs since extremes in wealth distribution lead to bloodshed - simply because innovation cannot keep up with the demand for growth. Teddy Rooseveldt knew this a long time ago just on a different scale.

And we haven't even touched on the discussion on how many people can the earth sustainably (cause technology will eventually fail to bail us out) support at what standard of living.

-Ed-
 
GT182 said:
If you stop and think about it, if Chrysler and GM fold, then there's the people that make the parts for them that will fail too. No place to sell their product. And all those people will lose their jobs. It's one big domino effect tha's gonna get us all in the end. Either way we're all scrod.
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Hey, if we're are all going to get screwed, Let's get it over faster and let them go bankrupt now. Than get screwed slowly for the next 10 years before they go bankrupt
 
cheezyflier said:
ummm....no.

have you ever been on welfare? i doubt it. see, none of those auto workers would be able to collect it, unless they had 10 kids and owned nothing.
you see, in order to collect welfare you have to fill out forms that show all your assets. have a car? it's an asset you can sell to get money.
401k? annuity plan? assett, no welfare till they're gone. own a house? assett, no $$ for you. collecting un-employment? that will be deducted also.
anything you own that has any value what so ever is expected to be reported, and is counted against your eligibility. including jewelwry of any kind, collectibles, antiques, whatever you got that has any value. get caught not reporting it, and that is fraud. the kind that sends you to jail.
think i'm wrong? go down to social services in your town and try to collect it.
i have in the past, i know the routine involved with trying to collect welfare and foodstamps. no matter what you or anyone else wants to believe, they don't just go around handing out checks to anyone who asks. as a matter of consequence, the welfare cost from unemployed auto workers will be very very low, at least for a while.
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cheezy,
No, I've never needed unemployment benefits, ever.

But both myself and my partner have been careful, maybe lucky, know that ther'es no such thing as high investment returns without hogh risk and studiously avoided any form of 'Big Business'.
Of course, really good Medical Professionals will never be unemployed and semi-retired 'Old Soldiers' are mostly looked after, and in my case, remain employable.

Obviously the system is different in Oz, still not easy (Pat aka 'Aussie Man' could be more specific) but it seems to be less inflexible, according to a number of people we know. The Australian system is not great, indeed, if you are young and lacking certain skills, it is just plain bad, but it seems to be more cohesive. 'Food Stamps' simply have no place in it.
The 'welfare' you cite fits into the 'Age Pension' scheme we have, the specifics are different but broadly speaking, a retiree with good assets receives less than one with nothing, which is (to me) fair.

However, different strokes and all that stuff ............ :kilroy:

Speaking of which, time to move this 'discussion' to the Cantina.
Way too political gentlemen (and others)!
:hand:
 
wombat666 said:
I really could care less, as we (as a couple) are independant and largely unaffected by the recession, in fact, in some ways I (just me, myself) have had a few wins when it comes to buying my 'toys' due to the economic downturn.
Click to expand...

And a PS:My better half beat the BMW dealership of her choice down by more than 20% on their original 'best price'........!
 
Guys,

I started this thread, but I think we've "gone off the rails" a tad. I'm going to end it before things get out of hand.
 
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