Thread: Pandoras Box?

It's just proof that the 'Free Market' ain't actually free for everyone. GM should be let crumble to make way for the next wave in a free market, but they don't let that happen. I'll bet their corporate lobby still works fine.

X

Originally Posted by nun2sharp

Dont stop now! Preach it brother! Personally I believe the capitalists own/control the government and they are eating us up.

A public debt is a private treasure!... Nicholas Biddle

I agree, Comrade. These capitalist swine and their running dogs will exploit the workers if we let them.

Fortunately, we don't have to let them. We can vote them out.

Like all of you, I really hate this bailout. I just don't see the alternative. If we let the big guys go under, the little guys won't be able to get the credit they need to operate their businesses. Many will go under. More people will lose their jobs, their homes, and their savings. The potential ripple effect is terrifying.

This is why government needs to step in. It's not that the economy won't find a balance on its own. It will -- eventually. It's just that the suffering of the working people in the meantime will be horrific. This is the essence of Keynesian economics.

Once we get to our feet again, we should institute judicious rules and regulations that prevent these bastards from doing this again. I'm not ready to give up on the free market. There's nothing like it for driving prosperity. You just have to protect it from itself from time to time -- and protect us from it.

j

I believe in a free market as well as most, but I do not see it as free, I see it as manipulated. While you and I trust in it for our daily bread, someone else is making plans for your loaf.

If they let the auto industry die, what large manufacturing industries does the US have left. Nothing is made in the US any more other than cars. The auto industry. starting with Henry Ford, is what grew the middle class, unfortunately I don't see anything else that could take the auto industries place.

Until nafta and GATT we had all sorts of industry in the US and we usually had a strong economy. You have to produce something to create wealth, we no longer create wealth, we consume. It does not matter how much fake money they inflate the economy with, until we produce we are ruined. With the present trade agreements the only way we can compete with our trading partner(s) (China) is to live at their economic level or lower, several generations of your family living off dog and rice in a 12 ft by 12 ft room. When I was in Asia thats the way it was done, they are used to it and I guess that we will be used to it soon enough.

Remember Ross Perot and his description of that giant sucking sound you hear? That was the sound of jobs leaving the US. The guy was a nut but he happened to be a nut who was right!!!

I hate to be the bearer of bad news, what has been lost is not coming back anytime soon which is all the more reason to protect what is left like the auto industry. Trade treaties maybe one reason, another is the American drive to make the fast buck. Prime example the LCD screen was invented in the US, how many do you think are produced in the US? The Americans did the R&D then sold it, to foreign countries to produce, it's like cutting up the goose that lays the golden egg.

Why not outsource production to the slave labor market, just because 500,000 men died to end slavery here is no reason why we cant take advantage of it over there. I could not agree more with the goose analogy. But the jobs will come back, when we are willing to crawl on our bellies and beg for the favor of working. The management style of late 19th century Corporate America is now the same management style of Corporate Earth. Dont fool yourself the big boys deserve every penny you earn! Thats the way it was then and that is what they are getting ready to achieve now.

I think we agree. The US didn't get rid of slavery they just found a better way, a cheaper way, take the work to the slaves. This way you don't have to fed, house and take care of them.

Originally Posted by Hutch

If they let the auto industry die, what large manufacturing industries does the US have left. Nothing is made in the US any more other than cars. The auto industry. starting with Henry Ford, is what grew the middle class, unfortunately I don't see anything else that could take the auto industries place.

I disagree- we still have the aircraft industry, which is HUGE and still run by a lot of small businesses. Besides, the American auto industry will be like a phoenix. It'll go down in flames only to rise again, better than ever.