Auto Bailout Bill Appears Stalled - Page 10 - PeachParts Mercedes-Benz Forum

aklim · #**136** 12-16-2008, 12:15 PM

Quote:

Originally Posted by tankdriver

If it wasn't for the dread terror Socialism, the government could've gotten equity stakes in the financial institutions and could then make financial institutions use the money for what it was intended -- loaning to others.

How is your road tax situation going with 40% of it used for other things besides road projects? They took a lot of money to get the "Tobacco Windfall" and that money was supposed to be for getting people off tobacco, pay for health care costs, etc, etc. That money was spent to get the "Tobacco Windfall". What became of that money that we got? Used for all sorts of other things. Fannie and Freddie? Need I say more? SSI is in trouble, not now but in the future. Wanna bet it will not require a bailout sometime in the future? Also, wasn't that fund raided for all sorts of things? The list can go on for a while. So, tell me. If you owned a pharmacy and needed to go out for a while, who do you give your keys to? The druggie down the street that promises to keep things safe?

Look at them today. They can't even balance their own budget in spite of using cash accounting and other accounting tricks. Now you think we should get them into another financial situation where they can use and abuse it?

75Sv1 · #**137** 12-16-2008, 01:42 PM

Quote:

Originally Posted by aklim

That will be difficult because of the "bread and circuses" approach they take. They hand out little goodies here and there and you won't want to get rid of them lest your goodies go with them.

Yeh, slip money to our elected officals. This also goes with illegal imigration. We 'pay' one way or the other. Cheaper labor or cheaper retail items. The flip side is less jobs and lower paying jobs. Really it depends on wich side of the economic divide you live on. Still, except for the uber-rich we all face a down hill slide eventually. I am not in favor of protectionism, nor import quotas. But that door swings both ways.
Tom

aklim · #**138** 12-16-2008, 01:59 PM

Quote:

Originally Posted by 75Sv1

This also goes with illegal imigration.

I am not in favor of protectionism, nor import quotas. But that door swings both ways.

With illegals, how do you get rid of them all? The pro illegals have a very simple thing. You want to deport them, you are a hater of the Mexicans. With a charge of racism, it is VERY difficult to emerge a winner. Even if you do, you are a loser.

Me neither but the problem is that our politicians jobs are subjective and not objective based. They are elected on subjective things not what they have accomplished.

tankdriver · #**139** 12-16-2008, 03:26 PM

Quote:

Originally Posted by aklim

How is your road tax situation going with 40% of it used for other things besides road projects? They took a lot of money to get the "Tobacco Windfall" and that money was supposed to be for getting people off tobacco, pay for health care costs, etc, etc. That money was spent to get the "Tobacco Windfall". What became of that money that we got? Used for all sorts of other things. Fannie and Freddie? Need I say more? SSI is in trouble, not now but in the future. Wanna bet it will not require a bailout sometime in the future? Also, wasn't that fund raided for all sorts of things? The list can go on for a while. So, tell me. If you owned a pharmacy and needed to go out for a while, who do you give your keys to? The druggie down the street that promises to keep things safe?

Look at them today. They can't even balance their own budget in spite of using cash accounting and other accounting tricks. Now you think we should get them into another financial situation where they can use and abuse it?

Would you rather just get robbed?

aklim · #**140** 12-16-2008, 03:46 PM

Quote:

Originally Posted by tankdriver

Would you rather just get robbed?

We ARE getting robbed. The question is who is the robber. Me, I'll take my chances with the business sector. Them I can refuse to a point. The govt is much harder to refuse.

tankdriver · #**141** 12-16-2008, 04:33 PM

Quote:

Originally Posted by aklim

We ARE getting robbed. The question is who is the robber. Me, I'll take my chances with the business sector. Them I can refuse to a point. The govt is much harder to refuse.

That doesn't make any sense. The government gave business money. Where did you refuse business?

aklim · #**142** 12-16-2008, 04:59 PM

Quote:

Originally Posted by tankdriver

That doesn't make any sense. The government gave business money. Where did you refuse business?

What was your original question about then when you asked if I rather got robbed? By whom and how?

tankdriver · #**143** 12-16-2008, 05:31 PM

Quote:

Originally Posted by aklim

What was your original question about then when you asked if I rather got robbed? By whom and how?

By getting tax dollars with no rules, business robbed you through government. If government had equity stakes, then at least it could influence business into using the money as it was intended - to loan to other businesses and to people.

But no... Socialism. Boo!

Botnst · #**144** 12-16-2008, 05:34 PM

Oooga-Boooga or Death by Oooga-Boooga!

aklim · #**145** 12-16-2008, 06:12 PM

Quote:

Originally Posted by tankdriver

By getting tax dollars with no rules, business robbed you through government. If government had equity stakes, then at least it could influence business into using the money as it was intended - to loan to other businesses and to people.

But no... Socialism. Boo!

In theory, I agree with you. In practice, whenever the govt got involved, it became more cumbersome, cost went up and what not. Those were only a small handful of examples I gave you. Personally, I would rather not have govt involvement in anything more. I am not really for this bailout, auto or any industry. I believe in getting more done thru less govt.

75Sv1 · #**146** 12-17-2008, 07:23 AM

Even the Japanese are having a had time:
http://www.cnn.com/2008/BUSINESS/12/17/honda.cuts/index.html

I also read where there are strikes going on in China.
Tom

Botnst · #**147** 12-17-2008, 07:38 AM

Quote:

Originally Posted by grown

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davidmash · #**148** 12-18-2008, 04:02 PM

Orderly bankruptcy? Can someone explain this in layman's English?

WASHINGTON – The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, the White House said Thursday as carmakers readied more plant closings and a half million Americans filed new jobless claims.

More here:
http://news.yahoo.com/s/ap/20081218/ap_on_bi_ge/meltdown_autos

DieselAddict · #**149** 12-18-2008, 05:16 PM

No one yet knows what that means. We'll have to wait for the details of the proposal. But so far it sounds good to me.

DieselAddict · #**150** 12-19-2008, 02:56 PM

Well, the administration lied or changed its mind. Bush loaned them money.