Home |
Search |
Today's Posts |
#16
posted to alt.sailing.asa
|
|||
|
|||
No brainer!
wrote in message
... On Fri, 21 Nov 2008 15:24:11 -0800, "Capt. JG" wrote: wrote in message . .. On Fri, 21 Nov 2008 16:44:23 -0500, Keith nuttle wrote: wrote: On Fri, 21 Nov 2008 12:15:50 -0800, "Capt. JG" wrote: "Dave" wrote in message ... On Fri, 21 Nov 2008 10:20:11 -0800, "Capt. JG" said: Pelosi asked for a plan, which involves more than flying in on the Big 3's executive jets. As well she should. She'll need everything she can get to cover her ass when one or more of those companies goes south after throwing more taxpayer billions at them. You just got done claiming that Pelosi is attempting to justify *not* bailing them out, and since the democrats are in control of Congress, that's certainly possible. Now, you're claiming that she's going to authorize the money to bail them out?? You might want to try and get your arguments in order before you write them down. After you look up "fantastic, you may want to look up "Gordian Knot". It will help you to understand Dave's problem. Or at least one of his problems. g I believe that if you look at the news today, that there is a difference in what pelosi and obama are proposing, which is they are not going to bailout the auto industry but are going to give them a special bankruptcy. In layman terms they are going to bail out the auto industry but call it something else. A rose is a rose. I'd prefer they let the big three land where they may, and bailout the auto industry itself by helping some of the many startups who are trying to develop and bring to market cars that will be the envy of the world. Bailing out the big three simply stifles innovation, and rewards failure. I don't really think they can be preserved in their present form regardless. It would be nearly impossible to save them in a strong economy. Lets encourage some completely new blood. I tend to agree, but I think it's possible to bail them out with the proper controls. Management should be fired with no bonuses, the companies should put on a clear path to produce better, fuel-efficient cars. All contracts should be renegotiated. I don't think this is the right moment to push lots of people onto the unemployment lines and wholesale remove health coverage and eliminate people's pensions. The new startups are going to need those people, and they already knew enough to start on building those cars you think are a good idea. Once they have some backing to get going, they'll be hiring. They may even need some of those idle factories, and even additional workers in other fields to update them for better production methods. People have been telling the Big Three for years that they needed to change direction. They didn't. They can't. Too late - and now is not the climate in which there is any chance of turning them around. It's over and time to look ahead. You can't make a living manufacturing buggy whips any longer, either. The big Three have outlived their viability. There is nothing left to bail out, really. All you could do at this point is give them obscene amounts of money to help them limp along until that runs out, and then they fail anyway. Bail out the auto industry itself, and forget the big three. Stick them with a fork. They've been done for a very long time. Don't overlook that this whole mess is actually going to make it much easier to get universal health care passed. It will be on the fast track now out of neccessity. Otherwise the Hospitals and Insurance industry will be the next in line for a bailout. Nice analysis. Actually, the "limping along" would only last 1Q, according to the GM guy. -- "j" ganz @@ www.sailnow.com |