That is the question: Whether it’s nobler in this nation’s mind to suffer those slings and arrows bestowed upon us by our outrageous misfortune, or…. to take arms against a gigantic financial sea of troubles, and by opposing…. end them?
Our two choices; fight or flee.
We can bail out the U. S. automobile industry…. or we can pass…
if we pass, then what happens to the United States if we allow the automobile industry to fail? Obviously, our cars will all be foreign automobiles, which we will have no choice but to buy, since American car parts also will become nonexistent.
Which means….
That with every car purchased…. we are sending an awful lot of money to other countries….when what we really need,….. is an awful lot of money coming into this country…
Again we have the giant vacuum cleaner sucking ….this time it is our national wealth going up the nozzle…. Because of today’s folly, our competitors get richer… and we grow poorer, and poorer, and poorer…
The end of America must be at hand…. in just a few car payments….. for really? How in as bad of shape as we are, can we make up that much money?
From all the press reports that I have seen or hearings that I have heard, no one has yet placed this big picture before the American people.
The effort not to bail out our automobile industry, is sort on the same equivalent of not choosing to fight WWII after Pearl Harbor was bombed, just to punish the arrogance of those Navy admirals who were caught sleeping with their pants down…. Back then, Americans immediately lined up to enlist.
Today they pontificate and argue; eventually they choose not to fight.
We could have used this opportunity to meld society’s wishes with an entire industry, and make cars that run on water… free water… (Search, they are out there already)…. Make something the rest of the world needs and will pay heftily to receive…. Then, once coffers are full, the American people sell back to private companies, and with the profits, write down the Bush Presidency’s deficit. Win, win, win.
Most of you don’t know… during WWII we figured out how to build a Liberty Ship in 6 days… When Hitler heard that… he muttered the war was over…. Great things can happen if we bail out the automobile plants, and with their expertise, we launch a commercial product that will save America…
As Hamlet discovered… when the buzzer buster ball lands in your hands, you take the shot……
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November 21, 2008 at 7:26 pm
Duffy
Yes, let’s bail them out. Their business model is antiquated, and their fixed costs will forever prohibit them from competing but, by all means, let’s funnel them endless cash. If you think they’re going to take this money and not ask for more in a year or less you’re crazy.
Why stop there? Credit card companies are lining up too. John Q. Public has been living beyond his means for a long time and he’s going to default to the tune of billions if not more. Let’s wipe that slate clean too shall we?
Detroit and Philly are asking for handouts after decades of total domination by Democrats in control of every aspect of politics in both cities. Strangely, they are not crime free cities of wonder with excellent schools, “living wage” jobs and thriving economies. Wonder why that is?
If you cannot fail, you cannot succeed. If the Big Three go broke, our cars will still be made here just funded by Chinese or Indian interests. Everyone freaked out a few years ago when Daimler merged with Chrysler yet Chrysler is still considered an American company.
November 22, 2008 at 1:11 am
kavips
Ah…. an emotional response, apparently the only recourse libertarians have these days….. lol
First let’s cover where we agree…
Their business model is antiquated.
Their fixed costs will forever prohibit them from competing.
They’re going to take this money and…ask for more.
Why stop there.
They (Democratically run cities) are not crime free cities of wonder with excellent schools, “living wage” jobs and thriving economies.
Where we disagree….
“If you cannot fail, you cannot succeed.” What? It will take at least twenty books of writing to make that outlandish case….. lol….
“If the Big Three go broke, our cars will still be made here just funded by Chinese or Indian interests.”
I sounds like you have laid out all the causes as to why we SHOULD bailout the American automobile companies… not the opposite.
The bailout gives us a chance to upgrade their management structure without that tremendous economic loss which would transpire from their total economic collapse. Likewise this warranted bailout opens the door for a truly long overdue discussion of where American greed, both from the automobile executives and the automobile unions, has to change in order to insure survival… A discussion which would have taken place anyway, had the inevitable bankruptcy ensued… The cost of bankruptcy rises far more than the bridge loan that is now being proposed….
In essence the bailout gives us a chance to redesign our automobile infrastructure. Perhaps it may cost more than the original 25 billion, but …. it will, as was Chrysler’s loan in the 80’s, no doubt be paid back early and at a profit….
Where to draw the line? When we run out of money… I believe Starbucks sales dropped in October by 95%…. Unheard of… (it’s those damn spouses’ fault)….
As for Detroit and Philly asking for handouts? As for promoting such as evidence of Democratic failure? I would argue that you are being far too selective… you failed to include the bastion of Republicanism…. California with their Republican Governor, who just a year ago, some GOP hard-ons were lamenting that he could not run for president….. who says he needs a bailout that dwarf’s either that of those two cities…
I would offer instead, as an alternative explanation: that George W. Bush’s policies of starving state and local governments… (Delaware with only a population of 875,000, was shorted 5 billion by Bush) are the more likely culprits for any inadequacies those Democratic cities have experienced………not the locally elected leadership, whichever party they may have come from…..
Imagine what Delaware could have done with 5 billion…. Wow! That’s as much as we would have had, if Gore had got more…….
Now, thanks to Limbaugh Republicans, our nation must first climb out of the hole Republican philosophies dug and buried us in… Granted, they spared no expense to make our escape out of that hole impossible; anticipating that we’d give up and never get out… but….we will, and once we do and finally feel the sun on our faces, we then, as a society, seriously need to begin filling in that hole with concrete, and then upon that site, place a monument… a momument so grand that future generations cannot fail to learn from our grave mistake: never to go down the path of rewarding ones rich at the expense of their poor….
Just curious… have you applied for your family’s bailout yet? There is much talk as to whether those who supported Bush policies should be in the front as first recipients because of their emotional duress, or be given the end of the line treatment in the name of justice…
As always: lol.