Presidential Erection *walks out*
Results 2,876 to 2,900 of 8368
Thread: General Politics Thread
The middle class is the backbone as long as that backbone is not held up only by a metal beam that is government funding.////Taking sig/avatar requests, PM if interested\\\\
10-23-2012 #2879"you are both the product and the architect of your environment"
10-23-2012 #2882////Taking sig/avatar requests, PM if interested\\\\
No opinion is invalid. If you believe that, go somewhere where people aren't allowed to believe what ever they want. Its an opinion, if you don't like it...oh thats right, no one cares.
As someone who claims to be a former ranger, you'd think you would know that you were fighting for the right to have an opinion. Guess not.////Taking sig/avatar requests, PM if interested\\\\
As someone who claims to be a former ranger, you'd think you would know that you were fighting for the right to have an opinion. Guess not.
Don't get me wrong. I don't support racism and never will. How did we get to racism...oh yeah, the tea party people are not at all the same as the Occupy Wall street people.////Taking sig/avatar requests, PM if interested\\\\
Racism is an opinion just like abortion, and gay marriage.////Taking sig/avatar requests, PM if interested\\\\
- Join Date
- Nov 2005
- New York
- PSN ID
- Rep Power
A better question is why couldn't GM/Chrysler do what Ford did and raise private capital so that they wouldn't have to take govt money.
Yea I didn't buy the argument either.
Still, I'm fairly sure something could have been doe to alleviate that without bailing out GM/Chrysler like we did.
The $#@!ed up thing, is at least for GM (too early to tell for Chrysler) they are regressing. Just look at the new malibu compared to the previous gen. It actually got worse.
To compound the problem, GM was hamstrung with some terrible union contracts and without restructuring those contracts no amount of money (that was actually accessible) would have made a difference.
So, they really only had two legitimate options at that point either take bail outs directly from the government (which they did) or go into Ch11 and work it out in the court systems (which they kind of eventually did). Once they would have gone into Ch11, they would have been allowed to continue operating (just like all the other businesses that go into Ch11) and they would have been forced to come up with a plan to right the ship.
What ultimately happened in the government (see- pro union) controlled bankruptcy, all the bond holders were wiped out (be glad you didn't buy GM debt when they needed it, you wouldn't haven't gotten a single cent back) and the union ended up taking a large chunk of the company (big win for big labor and the Obama administration).
So, what Romney has said all along, don't give them checks from the government, make them work through the bankruptcy system like all the other businesses have done in the past (some very large companies) and it would have worked out."you are both the product and the architect of your environment"
Alan Mulally and the rest of the Ford regime is CLEARLY superior to GM/Chrylser leadership, but I think the timing of Ford mortgaging the entire company had little to do with looming economic conditions (which weren't clear in 2006) and more to do with what they were planning to do with the company to get it turned around.
Ultimately, the timing was perfect, they handed the company off to Mr. Mulally and he put a plan in place to turn the company into the shining beacon of success it is today, but like I said I think the timing had little to do with the pending economic crisis (I could be wrong, would have to ask Ford leadership).
Interesting, Letterman agrees with me!
Last edited by weskurtz81; 10-24-2012 at 22:36."you are both the product and the architect of your environment"