Yeah, I think we should take that money and give big business billions more in tax breaks so they can take more of it overseas.
Look at it this way, local jobs are gone and the middle class has all but dissapeared, but corporate earnings are way up. Let’s see if we can widen the gap between the haves and the have not’s even more!
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THE Bailout Thread pt 3 (merged)
Re: Govt to lose $14B of auto bailout funds
by Lore » Fri 03 Jun 2011, 09:00:08
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
... Theodore Roosevelt
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Re: Govt to lose $14B of auto bailout funds
by vision-master » Fri 03 Jun 2011, 09:06:29
Bust the unions, then we all can work for $10 hr, if'n it ain't shipped overseas....
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Re: Govt to lose $14B of auto bailout funds
by Lore » Fri 03 Jun 2011, 09:27:41
vision-master wrote:Bust the unions, then we all can work for $10 hr, if'n it ain't shipped overseas....
Still wouldn't be low enough. The average auto worker in China earns somewhere around $3,000 a year.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
... Theodore Roosevelt
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Re: Govt to lose $14B of auto bailout funds
by Keith_McClary » Fri 03 Jun 2011, 10:10:47
Any complaints about paying for warranty repairs on cars bought from old GM and Chrysler?
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They seem to believe that if they say "Bakken, Brazil, offshore, tar sands, technology" enough times in a row, it will make $100-a-barrel oil go away.
- Kurt Cobb
They seem to believe that if they say "Bakken, Brazil, offshore, tar sands, technology" enough times in a row, it will make $100-a-barrel oil go away.
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Re: Govt to lose $14B of auto bailout funds
by Revi » Fri 03 Jun 2011, 11:50:37
Thank god they found someone to buy Chrysler. Losing $14 bil isn't so bad since Fiat was willing to buy that bloated corpse of an auto manufacturer. The only fools willing to buy their vehicles (Jeeps and Dodge Trucks and the occasional minivan) were hillbillies. Maybe Fiat can keep them as loyal customers. Good luck to them.
Deep in the mud and slime of things, even there, something sings.
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Re: Govt to lose $14B of auto bailout funds
by Outcast_Searcher » Sat 04 Jun 2011, 05:34:30
http://www.theatlantic.com/business/arc ... ts/239593/
Due to the bankruptcies, GM and Chrysler aren't paying legitimate court ordered settlements to crash victims.
Another ironic twist when choosing the unions as winners.
I saw an article today about how a guy who faked an oil spill claim in the gulf, falsely accusing BP, faces up to a $250,000 fine and 20 years in prison. (Similar to someone who steals a car).
Not that this guy is an angel, but he faces that and GM and Chrysler, now making money hand over fist ignore the courts on a legal technicality, and get away with it.
Nice equitable legal system we have...
Due to the bankruptcies, GM and Chrysler aren't paying legitimate court ordered settlements to crash victims.
Another ironic twist when choosing the unions as winners.
I saw an article today about how a guy who faked an oil spill claim in the gulf, falsely accusing BP, faces up to a $250,000 fine and 20 years in prison. (Similar to someone who steals a car).
Not that this guy is an angel, but he faces that and GM and Chrysler, now making money hand over fist ignore the courts on a legal technicality, and get away with it.
Nice equitable legal system we have...
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Re: THE Bailout Thread pt 2 (merged)
by The Ring Leader » Sat 04 Jun 2011, 11:17:47
The bailout or QE1 didn't work and QE2 didn't work. So now let's try it again which will also not work.
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