New Detroit bailout plan

[emayer]

nplenzick wrote:

emayer wrote:

The fact that I and others here take part in this conversation offers some insight that we are certainly "on the bus" and care deeply about our country.

You say that we have momentum leaning toward a "We the People" country. Frankly, I'm deeply worried that we are in fact heading in the opposite direction toward increasing government control and ownership... This very thread about the Auto bailout speaks to this point. Our society increasingly expects government assistance from cradle to grave while permitting us a lifestyle that is perhaps beyond our means. One need look no further than the actions of the UAW in this crisis. This bus my friend is going to crash.

"We the People" need to step up and come to the realization that things will need to get quite a bit harder on all of us before this country is fully back on track. It is why many of us are against the concept of bailouts as this will likely prolong the agony and fails to address the root causes while simultaneosuly opening the door further for governmental control/ dependence. Shouldn't we all be deeply worried about this?

I truly hope Obama and his administration can help us get there but I'm concerned he'll be no different than all the rest. As an example, for Obama to say that he's going to tax some other rich guy or corporation minimizes the severity of the situation, and gives people the sense they're off the hook. In my view, aside from being a policy he no longer can implement, it shows a deficit in leadership. His proposal is not an inspirational stance for the country to toughen up and work collectively, rather it conveys the message that "Hey, the government has got you covered. We'll just get the needed funds from somewhere else."

Am I wrong in thinking this is the same storyline we've heard before?

Actually it's very perplexing as to where your coming from. It seams you still think the UAW is the main reason for the auto companies failure. I see absolutely zero problem with LOANING the auto companies money. Did you hear the words from the president yesterday about the conditions? Did you here the follow up from Obama? Or are you just hearing one minute sound bits? Did your parents live through the great depression? Mine did, believe me it's something you don't want to experience.

I heard the President's words but the actions regarding prior bailout safeguards have not been implemented. Do you think this will be different? Have you not heard that the companies and UAW are awaiting Obama's administration in the hope of modifying the plan in their favor? If you've read my prior posts than you should know full well that the UAW is not the sole culprit here. Please do not try to convince me that they have contributed anything positive to resolving the situation however. As for my parents, unfortunately they had to live through far worse than the Great Depression. I'm lucky to have their values of hard work, discipline, and self-reliance instilled in me as a result. This is something many will have to learn...

Maybe you can afford for things to get harder but for many people that would be a ridiculous idea. Fortunately the vast majority of economist feel different then you.

Not true! Are these the same guys that failed to see the present economic situation evolving? Are we to again sacrifice our country's future for some short-term relief? None of us can afford for things to get harder, but I'd rather this now than passing the problem to future generations and further weakening our country. I am not alone in this belief!


As I pointed out earlier pure capitalism is a figment of your imagination my friend. Our rivers , air, would be polluted beyond repair by now, our forests depleted, children still working in sweat shops, 80 hour work week, very few if any safety standard in our automobiles, and probably virtuly no middle class and maybe not even a USA if the government didn't get involved at some point in our history where we were going through a crisis.

Great. So while we enjoy clean air we've forced industry to move elsewhere thereby weakening the economy and not impacting global pollution to any significant degree. My point with this statement is that the pendulum as swung to far...


What has Obama said that you disagree with? "This will not be easy and it will not happen overnight, but with hard work we will succeed". Maybe it's about how he wants parents to get more involved with their children or maybe it's about his concern about inflation that could very well follow when the economy rebounds. It can't be about tax's because if you'd would have been listening for the past few weeks he's not about to increase any taxes on anyone until he See's the economy begin to recovery.

Please put the Kool-aid down and back away from the table! Wasn't the notion of a tax "freeze" part of the other party's platform?


Much of what you say about "cradle to grave" is dead wrong, oversimplified, and stereotyping. I've heard it all before about people who are doing well and criticizing people on welfare thinking they have it easy.

I don't think anyone has it easy presently! Playing class warfare and pandering to those really struggling benefits no one.


I can understand being skeptic there have been many administrations in my lifetime that left a lot to be desired. History shows every 50 to 100 years we get it right, Lincoln, TR, FDR, JFK, all forward thinkers, many of their policies have made us what we are today. You say you hope the Obama gets it right, but do you really? Or does at least 50% of you hope he's wrong? I for one hope not!

I honestly hope Obama succeeds! It doesn't mean I can't question what we've seen so far. Rhetoric is one thing, leadership and the ability to make tough decisions is another. I think the jury is still out on this- obviuosly he hasn't taken office yet! Irrespective of your political leanings, I hope you'll objectively critque his performance in the future. It'll make for interesting commentary! Happy Holidays Everyone!

Sorry for the severely highlighted text, I can't seem to remove this....