Sunday, July 5, 2009

We Now Have A Total Gangster Government

Go, Michele!

4 comments:

Diogenes said...

Well, I'll give her this: Bachmann didn't say anything this time that was stupid funny.

But she's off the mark.

Let's assume, for the sake of argument, she's right about those poor dealerships. "The government" controls their existence.

But what if "the government" had NOT stepped in to provide GM with desperately needed funding? The entire GM network would have gone down the tubes. EVERY dealer would have, overnight, lost virtually everything. Millions of Americans would have found themselves, overnight, jobless.

No, the present situation is not great. Lots of people suffer. But it's still bitter than the only available alternative. What Bachmann would like to see is for the calendar to flash back a decade or three. That's great... but totally impossible.

That's Bachmann's, and the GOP's, problem: it's easy to criticize our present circumstances. But they have no better alternative to offer. Wishing for "the good old days" doesn't get the job done.

Anonymous said...

if a company in free market can flourish and provide jobs, then it can suffer after wrong moves, and ultimately go under. yes it is a troubling problem when a company with as much economic influence as the "Big 3" goes under; however, that does not change the fact that the market for that company has obviously lost its course. talk to any american consumer and almost all of them will say a japanese car or german car carries a higher garauntee. thats the world we live in now. if a limb has a serious infection, you dont keep putting peroxide on it until it infects the whole body, you remove the limb. everyone whines about Wal-mart's giant corporate head, but if they were to go down, people wouldnt care because "now the little guy can have a store". well maybe that needed to happen to ford, or gm, or aig, or whatever other company has hardships. maybe these companies have run their course and its time for new blood to enter the arena. thats how ford started, thats how wal-mart started, thats how microsoft started, the economy hit the reset button, and bailouts is just denying the fact. millions of people would not have lost their jobs over night, im sorry, but no. agreed, the present situation is not great. but for this bailout? for 750 billion dollars, why not actually stimulate?! use the money and credit each american with an adjusted income over $25,000 per year, a voucher for a car from the dealer we're trying to save? that way, their "little guy" on the ford production line, has cars to manufacture, americans have new cars. maybe not the perfect idea, but bailing these companies out should not be "invest billions in stock from them" no no no no no. they have proven they are on the way down, and their current situation doesnt work, do not put money in the hands of those people up top at ford, their stock has dropped for years. just tossing money at them is not america's answer.

but i stand by my first statement, if a company is going down, its going down. thats it. ford is not a military operation, or a CIA training facility, or any other government run organization. they are a business, and in america, if you have the right to succeed, you have the right to fail. same rights as individuals, you can either make your success, or you can make your failure.

Diogenes said...

But Bachmann's argument was not AGAINST the bailout. She was whining about how the government let some of these dealers go out of business. Even if you propose that GM should have been allowed to disappear, that still doesn't help any of the dealerships -- they ALL go down the tube in that scenario!

"if a limb has a serious infection, you dont keep putting peroxide on it until it infects the whole body, you remove the limb." That's what the government did with GM; they lopped off some of the smaller dealerships, downsized the company. Some parts of the business were removed, for the benefit of the whole. But Rep. Bachmann seems to think that's a bad idea: better to let the entire GM body die, rather than just a limited number of dealerships. She's trying to have it both ways. She's trying to play herself as being sympathetic to the guys who got cut, but she doesn't have the guts to tell them "You know what? SHUT UP. You ALL should have been taken out!" But, in a way, I can't blame her. It's always easier to criticize those that take action, rather than take action of your own. Just think: if FDR had only taken that approach in the 1930s, we may not even be around now to have this debate!

Anonymous said...

i mean, if you try to save the dealerships, you're really still just putting a band-aid on a severed artery. the only difference is the money at the dealerships is more localized funds, because its at the lower level on the totem poll. and i certainly dont think tossing money at the top of GM and Fords ladders is a good idea.

quite honestly though, when we're hit with a situation like this the best thing to do, is preserve american consumer confidence. get people to somehow keep spending (if i knew i'd be in office), the value of the american dollar may go down for a year or two, but, atleast the wheels are still turning, and in a positive direction.


i digress. anyway, if you want to save the dealerships, then the factories will take a hit (if you lower prices so consumers still buy and save dealerships, factory workers get laid off, then you cant make a demand. if you save factory workers, then you have a surplus in dealership inventory and raise price because cost is higher and people buy less). and thats pretty much what happened. so, what do you do? is it wiser to ween the people out of these corporations and simply move the money elsewhere? or do you really want to hang on and try to keep things as they were?

i think the best option is to let the company go down. i mean... really any kind of government investing in ford or gm, has a negative side. the companies become dependant on you, they have an obligation to the gov't financially, pay back loans, and so forth and so on, its just... a hassle

but at the same time, eehhh federal government has to look at it as a whole. ford and gm certainly aren't cash cows for exports (again i dont have the numbers, it'd be interesting to see though), and i dont believe either is a fortune 500 company. i think the best thing to do really, is to let the company die or sell it.


just keep the government out tho. that way, the catastrphic result is the problem for their board of directors and not the president. i truly feel its an extra head ache for federal powers. because in the end, we are declared a capitalist, free market nation. i think its just prolonging the inevitable fact that, the companies wont be here in 10 years, maybe shorter, or they'll be bought by someone else or defunct.