http://www.autoblog.com/2008/07/23/o...it-automakers/

 

 

 

4 billion would last about a week in the big 3's hands! LOL

 

Typical tax and spend political mentality only now he is using this promise to try to buy votes....

 

Yeah, God forbid tax money be used to keep American manufacturing intact, its much better to borrow money from China and use it to pay for keeping a War in the Middle East going for decades.

 

Yeah, shout it out loud, brother!

 

Sure if you drink the Obama koolaid and don't dig deeper then you think this will solve all the problems.

Look deeper into the auto industry and find out just WHY they are in this position....one part of the equation is the Unions as well as others but sorry I don't feel as though my tax money should bail out a problem that could have been solved long ago. I guess my small business would be eligable to be bailed out by YOUR tax money by our govt. if I didn't manage it properly....would that be acceptable to you?!? I don't care how big a company is....manage it right, fix your own problems....not wait for the govt. to bail you out.

Research and information is a wonderful thing when accessed and read. It's not the Government or taxpayers place to bail out companies...this is one reason the national debt is so high among others....however throwing the cost of the war into a topic that has NOTHING to do with the war is another Obama tactic....I don't recall seeing anything in the title of this thread that even referenced Iraq. This was a topic about a promised Govt. plan to use OUR tax money to bail out publicly traded companies...NOT about the war or how it is financed.

 

Instead of drinking grandpa's koolaid...or maybe it's Boost and a Geritol chaser for McCain?

Yeah, the Big Three are at least 50% responsible for this mess. But debating the whys and wherefores is a bit like closing the barn door after the horse has left. Would you prefer Detroit die? Care to prognosticate on the ramifications of THAT?

And while I admire you for having the acumen to successfully run a small business (or were you just speaking hypothetically?), the facts are that if it collapses tomorrow, the repercussions won't be felt nationally.

All these people who want to see government butt out of everything - I wonder what exactly they think government is SUPPOSED to be for?

Or perhaps you have forgotten the mess that is the deregulated airline industry?

 

SVO, you accused Obama of "typical tax and spend political mentality," implying that its wrong for the government to *gasp* collect taxes and *double-gasp* spend that money. Obama's promising a fair tax burden (nobody making less than $250K pays a dime more, which is 98% of the population) which spends tax revenues in an intelligent way to create new jobs and preserve existing ones, in other words the exact opposite of the current policy which uses borrowed funds in a way which harms our domestic economy.
Or the deregulated Energy Industry, or the deregulated Health-Insurance Industry.

 

I guess Obama wants to see a new Ford Granada!

 

The government's job is to govern people, keep them safe, etc. The gov't shouldn't reward an entire industry for making dumb decisions. If you keep giving government handouts, where is the accountability in business? Companies can take risks and always have the government as a parachute.

I hate to see the Big 3 where they are right now, but they did it to themselves. The same goes for our current issues with consumer debts & mortgage forclosures. Bad decisions, not the government is to blame.

Lastly,what was wrong with deregulating the airline industry? If I think I know where you are going....Since the inception of the airline industry, it's been a bad place to invest your money, let's leave it at that. Southwest is the exception.

 

Obama is going to tax the middle class. Let's be realisitic here. He is proposing all these socialist programs, but who is going to pay for them? If you don't believe me, read up on Obama's global poverty act.

The "rich" already pay 65% of income taxes.

 

Don't freak out people, but the rich are already over taxed. Congress and Presidency are impotent when it comes to creating jobs outside of government. Novel approach here folks, rich people with capital create jobs. I know it's really out there to some of you, but Bill Clinton didn't give you your job (unless your working at the Little Rock Free Clinic, again supply and demand), in fact you probably have your job despite Bill Clinton. It's probably there because of the tax reforms put in place by Ronald Reagan and JFK to some extent. No more 90% tax brackets making it useless to try to make more money after a certain point, but still protecting Rockefeller's wealth because he already had it. Remember what happened when they placed tax on yachts, domestic yacht industry went down crapper. That's your government at work for you. Now they want to over tax your gasoline company. Do you think this will make your gas cheaper? If you think that you've been sniffing the product a bit much.

So no, no bailout of auto industry. But I'm consistent here, no bailout of farmers, no bailout of mortgages, no bailout of banks, and no bailout of anyone, not even the State of California. Capitalism isn't the guarantee of success, it's the possiblity of failure.

Hollywood you and I have a very fundamental difference that will never be resolved. I believe government should get the heck out of the way. Sure they have their place, military, police, treasury (I guess). Now if you want to list states rights, that's a bit of a bigger list. Just be happy in Canada with your government safety blanket to keep you all nice and cozy at night, we'll be OK here with our market capitalism. Well even it's not true capitalism, but it'll do for the time being.

 

Oh this is getting good!

 

Maybe that's a good idea...whatever it takes. If we had a better choice then we'd use it but unfortunately we do not.


The why's and wherefores should have been figured out LONG ago but coming in and bailing them out or a candidate even suggesting it is not going to change anything....it will be business as usual and down the road they will expect another bailout. Fix the dam....don't stick a piece of gum in the leak...it won't hold.


Actually you are incorrect...To qualify myself...I am an independent small business owner AND I serve as Chairman of the Board for the area Chamber of Commerce......if ONE business fails then sure...you won't see it but this country is built on small business and We as small business owners take it in the backside by the Govt. already....we are screwed at every turn from taxes to the worst problem...Health care costs. Small business taxes have a HUGE impact on local economies....take my area now...last September when all the health dept. license renewals for restaurants was due there was just over 1,000 renewals....this year it is 400....that is a HUGE revenue loss for the county when you lose 600+ restaurant businesses! Obama has a plan to Increase taxes on small business....and while McCain doesn't really have a plan for small business there are no planned tax bumps like Obama has brought up....so from the perspective of a small business owner the lesser evil is clear.


The Government has it's place....but it consistently sticks it's nose into places it has no business....for example....Congress actually voted and passed a resolution to make June 30th National Corvette day....do you REALLY think this was good use of our tax money to pay these idiots to come up with that as a National Congressional issue?!? They also passed a resolution naming "Soil" as "an essential resource".....and another congratulating the UC Irvine Volleyball team....and out of 260 laws passed 74 of those were to rename post offices....?!? This is absurd!!!! I think we can ALL agree that there are FAR more important things for our govt. to do than this B.S.......

A quote by the man responsible for Corvette day: “It’s probably not the best use of our time,” he says, “but we have to do something. These resolutions make it look like we’re working.”

Read this:

http://answers.yahoo.com/question/in...4044801AAv5FFw

 

His proposed actions include some ridiculous ones....like offering a $4,000 rebate check for college students who perform 120 hours of community service...supposedly to pay tuition. Come on...let's be realistic here....a college student that gets a $4,000 windfall check is going to have one hell of a party.....not pay for tuition with it! Granted there might be a few that would but the majority will not. That is wasteful spending. If you want students to do community service then make it for a course credit. This is simply a way for him to "buy" the vote of college students....nothing more.

I'm not saying the system currently is working properly but I know by my research on this guy that he is by FAR not the man for the job.

 

Well stated!

Where does the bailout end? that's the problem right now...it's one after the other.....

 

The Health Industry is far from being deregulated. There are different regulations in every state regarding insurance companies, also have you ever heard of a thing called medicare and medicaid? Those aren't regulated by the government at all. The problems with healthcare and its cost is a consumer problem. We in america demand the latest and greatest health care available. For a care that is only 1-2% better we are willing to pay 100-200% more for it, because for the majority of us we don't see it coming out of our pockets just the insurance companies. Let me tell you if it is coming out of the insurance companies pockets then they're going to have to take it back out of yours in premiums whether the company is forprofit or nonprofit. Also another nice little fact for you. 80% of what will be spent on us individually will be spent in the last months of our lives trying to aviod death. If America in general would come to the conclusion that death is inevitable, we could save a lot of money. I understand that this sounds harsh and it is hard to do when it is your family, friend, or self but that is why they call it the cold hard truth.I certainly, am unsure of what I will do in these situations.

This country has a spending problem when it comes to health care because most people don't view it coming out of their own pockets, but it always comes out of our pockets. There are three ways we pay for health care in this country. We buy it ourselves, our companies give us benefits, or the government pays for it. If you buy it you pay for it, if the company gives it to you you still pay for it in lower wages or higher product costs, and if the government pays for it you pay for it in higher taxes. Many people say hey let the government pay for everything. That's fine but you will be looking at tax rates like Germany and France which are just shy of 50%. Even if you are okay with that, they still have to ration care to be able to cover everybody by putting you on waiting lists to see specialists, stopping life saving care like dialysis at age 55, and waiting for the next fiscal cycle because the heart surgeons are not allowed to do anymore surgeries till then. There are many more examples but i will stop. You can deal with the problems we have in our healthcare system now, or you can substitute them for new ones later. Its your choice, so long as you know there will always be problems.

And a fair tax burden will never exist. A fair tax burden would be a national sales tax. If you make more you buy more, you pay more taxes. OFF SOAP BOX NOW.

BACK TO TOPIC

I don't like them bailing ou the companies, but at the same time I shudder to think of the economical ripple the big three's failure would have on this country.

 

Given them money is not going to make the problem go away. It is just going to prolong it.