Granting immortality to Detroit's Big Three does not enhance creative destruction. It retards it. It crosses a line, a bright line. It is not about saving a system; there will still be cars made and sold in America. It is about saving politically powerful corporations. A Detroit bailout would set a precedent for every single politically connected corporation in America. There already is a long line of lobbyists bidding for federal money. If Detroit gets money, then everyone would have a case. After all, are the employees of Circuit City or the newspaper industry inferior to the employees of Chrysler? It is all a reminder that the biggest threat to a healthy economy is not the socialists of campaign lore. It's C.E.O.'s. It's politically powerful crony capitalists who use their influence to create a stagnant corporate welfare state.
Granting immortality to Detroit's Big Three does not enhance creative destruction. It retards it. It crosses a line, a bright line. It is not about saving a system; there will still be cars made and sold in America. It is about saving politically powerful corporations. A Detroit bailout would set a precedent for every single politically connected corporation in America. There already is a long line of lobbyists bidding for federal money. If Detroit gets money, then everyone would have a case. After all, are the employees of Circuit City or the newspaper industry inferior to the employees of Chrysler?
It is all a reminder that the biggest threat to a healthy economy is not the socialists of campaign lore. It's C.E.O.'s. It's politically powerful crony capitalists who use their influence to create a stagnant corporate welfare state.
I think the company should be destroyed and other manufacturing given encouragement ot set up. Windmill turbine manufactureres looking for cheap plant. All the infrastructure that needs to be done in the US.
Help the poor, sink the rich. keep to the Fen Causeway
Help the poor, sink the rich.
Hasn't this been the mantra forever for the poor, and how much ever changes? The rich justify their opulence any way they can, and the poor wait to starve or for the violence to finally break out. I thought humans were supposed to be an intelligent species, what with nuclear bombs and figuring out photosynthesis and all. But the whole rich vs poor thing goes on and on and on and ....
Record with a skip. Somebody jar the turntable already! The music's over. I've turned out the lights. Bye Bye.
Helen will start posting things like, "If America/Obama can get its act together, what is wrong with Europe?"
Once I see glimmers of optimism from Helen, I'll KNOW something is afoot. Not meant as an insult. The music's over. I've turned out the lights. Bye Bye.
I could go with that.... You can't be me, I'm taken
[Helen's Crystal Ball of Doom Technology] keep to the Fen Causeway
did you double click ? that makes 'em work sometimes. keep to the Fen Causeway
The factories can keep running while the transition happens.
As for the question of pensions and health care benefits for the union workers: We pay them of course. If they prove to be an expensive burden we use it as leverage for national programs that would make them redundant, providing cover to cancel those old agreements.
We can even sell 49% of the company to Toyota if we want.
