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Bush Announces Bailout Plan

With stipulations...Do you think this will work?

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11 Comments

Current View: 15 / Show all Comments

dude_from_detroit : LVL 15: VP 2.4: said:

dude_from_detroit

2 votes NegativePositive

339 days 6 hours ago...

think ford first!

computermexican (Admin) : LVL 37: VP 4.5: said:

computermexican

2 votes NegativePositive

339 days 6 hours ago...

What a bunch of horse shit! How about the Ceo`s and top dogs taking a pay cut? In a free market, if nobody buys your shit, you close shop. Period. Cheeky bastards.

assmaster : LVL 43: VP 5: said:

assmaster

2 votes NegativePositive

339 days 5 hours ago...

Here let`s all test this out. Hand a $20 to a bum on the street. Then track him down the next day and demand the $20 back. Do you think he will still have the money?

Protecters Touch : LVL 35: VP 4.3: said:

Protecters Touch

1 votes NegativePositive

339 days 3 hours ago...

How the hell is giving them more money going to help to keep the companies a float when no one has money to buy new cars. I guess the congress and us president don`t understand the basic concept of supply and demand. There can be no demand if there is no one with enough wealth to drive it. All this is doing is taking away even more backing of the worth of the us dollar. The federal reserve needs to go the war needs to end. It was the war in the first place that drove the economy into the ground. It costs 4000 dollars a min to wage the occupation of Iraq. All of that money did not exist before and it is being printed every second of every day. The handouts are not the way to save the us dollar. The federal reserve needs a good slap across the face and us international relations needs to be seriously reexamined. If we don`t start to think about a smart way out now there won`t be one for the next 15 years.

Tada : LVL 42: VP 5: said:

Tada

-4 votes NegativePositive

339 days 3 hours ago...

Just to remind people of something. There are no free markets driven solely by private enterprise which have been operating on a larger scale successfully. The reason is simply because private enterprise isn`t enough to keep themselves going most of the time. Just read up on subsidies and corporate welfare and you`ll see thousands upon thousands of examples where governments go in and help companies to stay alive to either doing things like reduce taxes and they are totally open with it. If it was a free market, all companies would pay the same amount of taxes.

You can a thing which Obama is going to do, raise the cost for coal plants so that corporations instead go to alternative power souces. This is basically the worst thing you can do if you care about free markets. This is nothing special, all presidents have put policies into action which made some companies exist then they couldn`t, like Boeing which uses mainly techonology which the government paid them to develop.

The US a market which is tilted to the corporations favor, that is all. It`s not free.

kilopop19 : LVL 37: VP 4.5: said:

kilopop19

4 votes NegativePositive

339 days ago...

well if Bush didn`t do it Obama would have...
Obama wants the same corporate welfare just as any neo-con but with a `car czar`, there`s no escaping big government now

sato : LVL 24: VP 3.3: said:

sato

1 votes NegativePositive

338 days 19 hours ago...

what a load, whose fault is it that they`ve been getting less market share? i mean seriously they must be choosing american car fans for their focus groups or something equally stupid becuase for years they haven`t changed. where`s the condition that management has to be restructed and new designs have to be put forward?

BoguS_SA : LVL 25: VP 3.4: said:

BoguS_SA

3 votes NegativePositive

336 days 2 hours ago...

*takes off shoes...

mcbarker : LVL 37: VP 4.5: said:

mcbarker

-1 votes NegativePositive

332 days 15 hours ago...

@ Tada
First, Detroit was building cars that we all wanted. When times were good everyone wanted an S.U.V. We could afford them because times were good. The average guy on the street wasn`t aware that to keep the economy strong banks were lending money to people for homes that they couldn`t afford (i.e. the `subprime debacle). The economics of supply and demand (& speculation) raised gas prices to $4.50 per gal. China needed more gas so prices climbed. At this point the bottom began to fall out from under the real estate market. At the same time the real estate bubble burst, gas peaked. As the subprime mortgages began to fall into foreclosure everyone`s home equity began to decline. And finally, our investments and 401K`s began to lose value.
I understand that this is an over-simplification but Detroit was providing the automobiles that were in demand. I believe that as this financial collapse occured so quickly that they could not adapt to the new demand in time and therefore are now in dire straits.
I`m sure poor management, America`s gluttoness abuse of the world`s natural resources, and our addiction to credit were also factors in the decline of the big three.
Ford will survive, it`s an American institution like baseball and apple pie. I don`t own a Ford but when their stock dropped below $2.00 per share I moved my entire retirement and savings accounts into Ford stock.
If Ford turns things around I can retire when I`m 50, if not I`ll probably still be working into my 80`s.
Everyone, please buy Fords!

1og0s : LVL 15: VP 2.4: said:

1og0s

0 votes NegativePositive

332 days 14 hours ago...

@mcbarker, you have no idea what you`re talking about, honestly, these companies need to be liquidated. Let the free market adjust, our economy is only going to get worse if we continue to get in the way, price fix, and bail out companies that are no longer viable. They can`t work in our current economy and they will certainly not work in our future one. The US needs to wake up, we`ve been spending beyond our means for decades now, consuming, not producing, and everytime the Fed prints more money or taxes us to bail these dieing companies out, not only do we icnrease the national debt, but the value of the dollar goes down and our purchasing power diminishes. We already can`t pay back the debt we owe to our biggest investor(Asia), so what does the gov try to do? fight inflation with more inflation. If anyone thinks the economy is going to turn around you`re in for a big surprise. Bailing out these companies is only going to make the inevitable collapse worse when it does hit.

Sev : LVL 41: VP 4.9: said:

Sev

1 votes NegativePositive

332 days 2 hours ago...

IF AT 3:26 HE SAID "MASTURBATE" I would die a happy happy man.

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Entry Dates: 9/8/2007-9/14/2009