5.56
As opposed to what? The Gas guzzling monsters pushed forward by the Republicans and their terrorism-supporting oil friends in Saudi Arabia that get 50 gallons to the mile?
Sneer all you want, but remember why the Democrats won the past two elections was because Americans no longer believe the tired-old propaganda you are shoveling. We tried it your way, it was called the Bush Administration.
Well then the Republicans failed badly at preventing this sort of scenario from playing out in the first place due to their gross incompetence in the domestic arena.
Guys, don't feed the troll...
Sorry marsh, I have to support 5.56 on this. The democrats are hell bent on creating a socialist state. The more people they can get on government assistance, the tighter their grip. BTW, My concern is how the government plans on reducing the money supply after injecting all of this capital. If they don;t have a plan, then this "recession" will last a whole lot longer than anyone wants or expects. Everyone is worried about what I consider to be a normal correction in the housing market. The fact that congress chose to ignore the warnings the republicans were raising 4 years ago about Fannie Mae and Freddie Mac is what started this whole mess. Republicans have not helped by bailing these companies out. Government does NOT need to get involved with Banks, Mortgage companies or the Auto industry. Make all of them reorganize under Chapter 11.
First of all I have no problem with a semi-socialist state. I currently live in one. We Americans tend to be afraid of things we don't understand. But I enjoy the exact same liberties in a socialist state that I do in a pure capitialist one, but I live better here. That is based on my own personal experience. not America bashing as some people like to call it. Americans need to be more open-minded on this, because pure capitalism is just as bad as pure socialism as we are now discovering...
Actually the Republicans (namely Phil Gramm) caused the financial meltdown with the repeal of the Saltsman Act which prohibited banks from getting involved in Mortgage lending. That coupled with the vast deregulation policies of the Bush Administration let the foxes guard the chicken coop allowed for all sorts of shenanigans in the housing markets. So the problems were much deeper than just Fannie and Freddie who got greedy.
The auto industry got a bailout because had they done under they would have cost 10 million jobs and brought this country into a deeper financial crisis than its already in. My problem is not that the auto industry got the money, its the lack of oversight. If we are going to hand over $14 Billion than I damn well expect the government to have some say in how that money is spent. Because one thing is sure, Detriot is pretty lousy at managing money only second to making crap cars that are obsolete, of poor quality, and that nobody wants to buy.
Ahhhh. But I do understand socialism. It is contrary to the freedoms that this great country was founded on.First of all I have no problem with a semi-socialist state. I currently live in one. We Americans tend to be afraid of things we don't understand. But I enjoy the exact same liberties in a socialist state that I do in a pure capitialist one, but I live better here. That is based on my own personal experience. not America bashing as some people like to call it. Americans need to be more open-minded on this, because pure capitalism is just as bad as pure socialism as we are now discovering...
Regulations, while necessary are anti-capitalist.Actually the Republicans (namely Phil Gramm) caused the financial meltdown with the repeal of the Saltsman Act which prohibited banks from getting involved in Mortgage lending. That coupled with the vast deregulation policies of the Bush Administration let the foxes guard the chicken coop allowed for all sorts of shenanigans in the housing markets. So the problems were much deeper than just Fannie and Freddie who got greedy.
Again I will disagree. Let the courts not the government handle the oversight. Chapter 11 would be a good start. The issues with the auto industry are simply the fact that they have continued to build cars/trucks that the average consumer in the US does not want, and the UAW. When Gettlefinger stated flatly that he wouldn;t renegotiate the UAW contract, he pissed a lot of people off (all of them not in the UAW). The government has no business trying to run a company. That is NOT their job.The auto industry got a bailout because had they done under they would have cost 10 million jobs and brought this country into a deeper financial crisis than its already in. My problem is not that the auto industry got the money, its the lack of oversight. If we are going to hand over $14 Billion than I damn well expect the government to have some say in how that money is spent. Because one thing is sure, Detriot is pretty lousy at managing money only second to making crap cars that are obsolete, of poor quality, and that nobody wants to buy.
HokieMSG
1. Respectfully, I really don't think you do, and you wouldn't unless you have lived for an extended period of time in a socialist country. I moved here 10 years ago, and since then alot of misconceptions engrained in me back at home have since been dispelled. For one, most Americans equate socialism to communism, they really aren't the same. Socialism is an economic model not a political model, your freedoms have nothing to do with it. Neither does lowering taxes. You can have high taxes or low taxes in a socialist state. You can have capitalism be run by a dictator (possible but uncommon) and you can have a socialist country run as a Democracy which is the case in most common in Europe. Every 'right' you have in the USA you have here in France, with the exception of the 2nd Amendment. You are allowed to carry arms but with limits and it is not a right. Other than that its identical. You have more rights here than you do in the UK where things like freedom of speech are not guarenteed.
2. If you believe in regulations then you are not a true capitalist. A true Capitalist believes in "lassez faire" which means no regulation at all. Mind you, not being a true capitalist is a good thing. It means you have a soul.
3. The UAW contract is no different than those offered by other car manufacteurs. If you check what Nissan and Toyota are paying its exactly the same. I dont know if you are referring to the UAW $70 an hour story but that was debunked as a myth.
http://www.factcheck.org/askfactcheck/do_auto_workers_really_make_more_than.html
The problem isnt the UAW the problem is the cars they made are garbage. The fact is Detriot got fat and lazy. It got so complacent in selling gas-guzzlers that they fell behind the innovation curve. The Japanese wisely invested into the future which is why their cars are better than ours. There is also a lack of QA in Detriot, the cars they make are bad quality cars.
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