View Single Post
  #18   Report Post  
posted to rec.boats
Canuck57[_3_] Canuck57[_3_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Jun 2008
Posts: 195
Default Political: Let em fail


"Frogwatch" wrote in message
...
The Dems want to give 25 Billion to their friends at GM while GM
builds the worst sorta crap I have ever seen. Their unions and
management deserve to fail for giving us such garbage. They have
designed the worst sort of vehicles that nobody wants when gas prices
are high and their quality is still on the bottom. The unions priced
themselves out of work and the management allowed short term thinking
that produced the gas hogs they cannot give away. No bailouts for
Bull****.


Yep, well put. GM, Government Motors in the new USSR (United States
Socialist Republic).

I figure nationalizing the stock market comes after the banks and auto
consolidation quiets down.

But it will not get that far. If the government bails out GM, this is going
to be one very long depression as every loser company in the world is going
to be looking for government handouts. Maybe China will be importing from
the USA in 10 years when the US economy dwindles to that of a third world
nation because of debt and government fiscal mismanagement.

Who is going to buy a Government Motors vehicle anyway? With cash they
don't have or more government sponsored cheap credit they are not qualified
for? And that assumes people want GM crap.

And we wonder why the world has a liquidity problem....print money and
charge it.

My guess is before February the dem congress is going to float a 5 trillion
dollar government bank program. Where the bank **is** the government with
unlimited leverage to loan money at 1%..