Canuck57 wrote:
On 22/02/2010 4:20 PM, bpuharic wrote:
On Mon, 22 Feb 2010 07:04:48 -0700,
wrote:

On 21/02/2010 6:52 PM, bpuharic wrote:
On Sun, 21 Feb 2010 18:46:14 -0700,
wrote:

which means the market doesnt eliminate inefficiency since a certain
number of companies will go bankrupt every year, right?

Nope, just the losers. The ones that drag the system down. Money and
growth go to those producting something people want.

and next year a bunch of companies will still go bankrupt

Prunes the weak.

Unlike government that tosses billions at them hoping for someone to
wake up.

you think companies dont do this?

Not for long, they tend to disappear and die.

until someone else comes along and goes bankrupt

Yep. It is inevitable. Losers pay the price, or they don't learn.

Companies live and die as they are needed. Highly efficient, no waste.
But when government gets involved they have to suck the wealth out of
people to prop us a loster like GM or various banks.

and when banks lend to bankrupt companies...as they did they did last
year...then they drain the economy as well

And Obama rewarded them for doing such a stupid move. And Congress
encouraged it. And bankers get their bonuses courtesy of working people
makeing a whole let less than any who approved it.

And you vote for the idiots, incling LOL Obama.

inefficiency is the same whether it's govt or private sector. it's
waste

the free market doesnt elminate it.

Noting eliminates it completely. But free market does better than any
other system in eliminating waste.

When government interferes it is bad because a loser lives to reduce the
wealth for no value to society. Creating a welfare company that
ultimately reduces jobs as people supporting the dead weight have less
to spend.

uh no. more of your fundamentalism

Show me a successful "government company"... cite please. I live in
Canada where government does this often, and not a one has every done
anything other than suck the taxpayers wealth.

consider a well run black businesses...for example in rosewood, fl in,
say 1923.


Doesn't ahve to be black you racist.

should the govt sit back and do nothing because govt interference is
always wrong?

Everyone looses but for the corrupt when government bails out, props up
bad busines spracives and lines peoples pockets.

what about toyota? should the govt do nothing?

Toyota is being persecuted. Governmetn Motors and NHFSA report to the
same people, no arms length in there.

And look at GM issues still not fixed. But then again, people expect
that from GM, broken manifolds, engine fires etc.

and we have welfare...for the rich.

Yep, Obama dishes it out.

Say each working Amrican/Canadian is kicking in say $1000 to GM, which
is actually abou right. Then that $1000 does not go into their
community to employ people.

GM got 25B.

big deal.

Funny, GM got a lot more than that. Add in GMAC which was blead dry,
just got another $6 on its fourth bailout. The Delco spin off. And the
bond holder buy outs and Canadian add ins. Tops over $100 billion!

Not only that, pensioners and others holding bonds took close to a $100
billion more in write downs. Obama didn't even give bond holders the
traditional day in court.

Add in the other companies that laid off people and went bankrupt
because GM didn't pay them.

If I owned a business today, I would only deal with GM new if it was
certified check or we are not shipping.

Between taxation reduction of wealth and instability perception of the
markets, the US suffers a hidden but real job loss because of bailouts.

all of a sudden you're concerned about unemployment. what would
unemployment be if we HADNT bailed out the banks?

The jobs were lost 5 years ago at GM. GM still is a dead man a walking.

you, apparently, have never heard of 1929.

Sure have, but I read up on it. Government tried the same **** back
then, didn't work. More than 10 years later it ended because of WW II.

From a society view, government cannot create wealth, they can only
expropriate it (taxes) and inefficiently redistribute it. The losses
are then disproportial to the market and inefficiencies are born.

really? the govt cant create wealth?

Yep. Governmetn can't create wealth. It is an economics question
actually. If you don't know why, just means you are big mouth shooting
off the mouth.

ever hear of UC berkeley? the U of michigan? my own undergrad school,
the U of pittsburgh, where the salk polio vaccine was invented?

all examples of govt created wealth.

you're an economic cripple.

Obviously you never attended any of them.

Canuck, this guy is like Harry, bragging about "education."
We know the libs are always playing that card against us.
All lies anyway.
Same deal with the race card. Like we don't respect negroes.
More lies. But libs are niggardly with the truth.
Another thing I noticed is he keeps repeating himself, and always comes
back with the same answer.
Can't help but wonder if this is what Joe Stack faced from the IRS, a
well-known lib organization.
Is it any wonder Joe took action?

Lib - What I say three times is true.