(Untitled)

[purpig]

Gee, now the automakers are looking for a BIGGER government handout. I guess $25 Billion just wasn't enough, so now they want $25 Billion more.

And do you think it's going to stop there? Not a chance.

What happened to businesses folding when they couldn't afford to stay open? Geez.

Comments

[fontosaurus]

*cough* Um, it was $25 billion that they got the first time around. With a "b"...

Yeah, good question? What happened? Oh yeah. That's right, Republicans and their "free market" mindset bailed them out. (Not that Democrats weren't complicit as well, but I like pointing out the insane hypocrisy.)

[purpig]

Yes thank you, it was Billion.

Actually, a lot of GOPs were AGAINST the bailout. Hence why they had to force an aditional vote on it. Dems are all about government handouts and centralized regulations.

Actually, the free market idea would let them fold, and let the markets correct for the vaccum they leave behind. Someone else would step in to fill the void.

There is a lot of blame to pass around, which I did point out a few weeks ago. I think it is going to get worse though, before it gets any better.

And Whhhhhhhhhhhhhhhhhhhhhhhhhhhy are we going to raise taxes when the economy is in this turd storm?!?!

[fontosaurus]

1. No problem.

2. Yeah, but not all of them were -- in either case. So let's not paint this as if it were some sort of Democrat conspiracy. Let's not forget whose idea it was -- the Bush Administration's -- and who pushed for it so damn hard (the same group).

3. You know, sometimes handouts and regulations are a good thing. What killed the current market was deregulation -- too much capital got centralized in too few areas, so when one of the large, more risk-taking financial services companies failed, it started the cascade. And handouts? Well, we can have the welfare debate later.

4. Yeah, I think we're in for a long haul, too.

5. Your taxes aren't going to go up -- you're not in the top 5%, as we previously discussed. And trickle-down economics clearly does not work. The last 28 years have proven that very thoroughly.

[purpig]

2. No, not all of them were, and that's why the GOP needs a shakeup to get back to what the party is supposed to be. And actually, a lot of prominent Dems DID push for sub-prime loans and predatory leaning practices through Fannie and Freddie, etc... Clinton, Frank, Obama, amongst those with the loudest voices.

3. What killed the market was people living beyond their means in addition to people having too much debt and the predatory leading practices to push loans on people who clearly could not take them on.

5. Actually, if O raises Capital Gains taxes and the Corporate Tax Rate, then yes, my taxes WILL go up. And despite that, raising taxes on businesses will mean that prices will rise (because the business will pass that cost onto the consumer). So while my personal income tax will not go up (yeah, I'm not holding my breath either on that one), my cost of living will increase because of inflation brought about by higher taxes on businesses.

[cmccurry]

In an ideal world:

1. Government says "No" to bailing them out.
2. Auto plants in MI close down, people are out of jobs.
3. New company comes in, buys up factories. Starts hiring people, but only as non-union employees.
4. Those who refuse to work as non-Union are cordially invited to locate somewhere else.

[purpig]

That is the ideal world, which we know exists only in our heads.

I'm quite afraid of the card-check crap passing under the new Administration. This brings corruption and intimidation to a whole new level. Never mind the other repercussions of that nonsense.

[fontosaurus]

"card-check crap"

?

[cmccurry]

"Employee Free Choice Act", which basically tells companies that they have to recognize a union when a majority of workers sign cards authorizing one.

Basically, employers will be forced to become Union shops or close their doors.

[2_deserve_you]

*sigh*