so if the government is bailing out alll these companies, why hasnt it tried for circut city. Granted circut city never asked for one but still :wtf.
Btw, US government = :gay
This next stimulus is only putting us another 80bil in debt. like the last one that did NOTHING.
its weird tho i wonder what the ACTUAL debt is, to give an example here 2 sites. both are different
http://www.babylontoday.com/national_debt_clock.htm
http://www.brillig.com/debt_clock/
add the two numbers together and you’re halfway there
I’m really glad none of you actually have a say in what happens seeing as there is very, very little basic economic comprehension in this thread.
economy=buying and selling
i dont feel like going into it. It gets boring quick. And i hope this dosnt turn into a shawn vs jammer thread
there is a reason why none of us have a say in it because none of us are on wall street nor do we have high end position for any of the said companies, Im sure if we did work there we would know, vlad just asked for an opinion and since we ALL contribute to the economy im sure we have some say in what goes on, last time i checked this wasnt msnbc, it was a car forum :ponder
Ok maybe it’s a little above basic economics.
I’m not going into it. However, 95% of the ideas in this thread do not represent a comprehension of the economics involved in the bailout, the Big 3, and American manufacturing. It’s real easy to make a layman’s judgment on the situation but it is far more complicated than CNN makes it out to be.
That’s all. Aaand I’m gone again.
well since CNN has trouble with it and you seemed to know, why dont you explain? It seems pretty simple to me, we either bail them out or dont. Life moves on, and im pretty sure we can do without them, some how the world will keep turning, i kow it sounds impossible but i think we will be alright
I dont know every facet of it by any means. I studied economics and I still learn something new about it every day. In an effort to not turn it into a Shawn vs Jammer thread, I wont write a whole novel on it. Cliff’s notes: It’s a big problem and the fix is a delicate balance. Letting them just die will be extremely harmful to our national economy and general capacity to remain the greatest nation on Earth. I’ll keep my own opinions out of this since everyone should make up their own after they’ve understood all the possible options.
Just my $.02.
well that right there is an opinion, some how tons of businesses crashed during the economy and we still survived, i think you would be surprised on how well the economy would hold up if they crashed, i know it sounds impossible but the thousands of people would find new jobs, the ceo’s and bigger times will leave with tons of money and invest elsewhere and some other company will take there spot at the top of the chain, it may not be simple but its definitely not hard to understand that people adapt, its part of our nature and human beings and making it this far in evolution. Economics are difficult because there are so called experts or analysis that make it difficult to understand to separate the strong from the weak, to make sure that not everyone can make money in this business.
Just my .02 cents
CNN for info for me
is
as Wikipedia is for accurate info
I dont listen to all the hype on the tv. and frankly most people on tv are retards who just copy and paste words out of there mouth.
It really is a Catch-22. Our country needs to start thinking of ways to get out of debt but in order to do this, some think we need to spend more to make it possible. The last bailout was extremely inefficient and millions if not billions were lost.
HOWEVER. If the domestic automakers in this country fail our economy will approach depression status. GM alone has over 7,000 dealerships. For every dealership there are about 15 people employed give or take. You would see approx. 100,000 jobs lost(if the company failed as a whole) not including warehouse and corporate offices and divisions. Then you still have Ford and Dodge. On top of that you have the thousands of parts stores who carry these products. Will they still be able to sell them? Yes but they too will be making job cuts and closing stores.
The point is it would have a major economic impact if these auto industries were to fail. As much as I hate the idea of government getting involved with business I think for the sake of the nation a bailout is if anything, something to be contemplated.
100,000 jobs are only .006 percent of the entire unemployed in the country, i dont see that having an effecive, and your to tell me that all of those people wont find other jobs? You mean to tell me that you can find 100 jobs in the timesunion every day, thats all bullshit, i hate went people say that. People will find other jobs, its rediculous to thinkt hat 100,000 people are getting laid off and none of them will find another job, im sure a good percentage will find a job pretty quick, some will retire, some might have a hard time finding another job, but they can always go down to the local fast food joint and get a job.
You’re kidding me right? 100,000 job losses is just a fraction of the losses that will occue in the event that these corporations will fail. I was just talking about the people employed at one corporation in just the dealerships alone. Not that they will all lose their jobs but hundreds of thousands will be affected. And I guess it’s easy to argue that they don’t deserve it when you aren’t one of the people being affected right?
You might be right they can mostly find jobs worst case scenerio but think about this. You’ve got men and women who have been working for a company for 15 years+, with pensions and benefits. You think they get to keep those pensions in the event of a total loss? No.
They are also used to making X amount of money per year. They have houses, cars, etc. You say they can find a job anywhere but they wont find one at the same income, very few of them will find a job that has the same pay and benefits. Expecially if they just go down to the local fast food joint as you so claim they can do. They will lose their house, cars, retirement and guess what? That just adds to our problems as an economy, not to mention the hardworking people at these corps.
A few things to add myself:
So, In the end the only way I am for a bailout is if the government demands a business plan. The fault here is that if such a plan was develop3ed, its the same idiot politicans and union babies that will allow a poor plan to pass.
Fuck it, survival of the fittest. I believe in the free market. Let it roll.
Oh, and further, if Americans bought American cars instead of imported cars, this wouldnt be an issue. I believe that the “me” generation has hurt us and helped place us where we are. Sometimes you buy lemonade from your neighbors kid, even though its not as good and cost the same or more. You get the point. The economics of self has always been destructive. Just ask God.
everybody seems to forget how many products are needed to build a car, tires, glass ect. ect. not just the auto companies will fail…
Dont agree with this part. That goes against the free market. I know it be neato if everyone bought American cars, but if they suck, people wont buy them. Americans arent that stupid; they can buy on principal but it’s not unconditional. American auto manufacturers shouldnt be allowed to survive on shitty products because of patriotism.
I said that just for you…and others with balls to reply. That my own lil Pro-American version of a social movement) … lol
The logic is anti-capitalistic, but I was trying to blame all the import fanbos without being blatant. Thanks for ruinin the fun man.
BTW, I will not argue for domestic vs. import in general overall quality.
I blame Obama. :confused :lol
Well we are a socialist society now, might as well embrace the concept.
I’m off to pick up my new Impala.
Watch this
And then read the comments below the video.
[youtube=425,350]2rfM4n1gdjM[/youtube]