AIG, GM and Chrysler: When Is Enough Enough?

[85 Cutlass Brougham]

So, we are giving AIG MORE money. When do we stop? I think they should be allowed to fail. Let their remaining insurance policies run out, have the government there to pay claims as they wind down and wash our hands of it. Will it hurt the economy? Sure it will in the short term. Bailing them out will have worse long term consequences though. Servicing this debt will be our ruin. It is better that we take the hit for the next few years and have a proper recovery than keep running up the national debt for a company that is doomed. I will say the same for Chrysler and GM too. Let the economy run it's course. It will destroy the UAW, leaving whoever buys out the remaining assets to rebuild without the union albatross about their neck. If that means all of the auto manufacturing jobs leave Michigan, so be it. Let them move to right to work states where they do not need to contend with the unions. We need to go through the pain of national, private economic reorganization in order to come out of this stronger. This quasi fascist scheme of government rescue plans only dooms us in the long run by not allowing fiscal Darwinism to cull the herd of the unhealthy.

 

[Tony_SS]

It'll never stop. These are the same institutions that own this country. Don't look for it to ever end, sadly. From what I read the other day, the local, state and fed revenue only account for about 1/3 of our taxes, the rest of the govs revenue is based on investment, so the gov (and banks for that matter) are actually bailing themselves out.

And this why I think that there's all this hoopla about throwing GM and Chy 'loans' and its a huge deal... but if AIG needs it, its just another day. The 'Gov gave AIG another 30 billion, in the headlines. Who actually decides this? Is this not the job of Congress, or our we just going over their heads now that the messiah's in office?

 

[85 Cutlass Brougham]

The sad thing is that they make the auto makers jump through far more hoops to get half the money they just gave AIG, yet far more jobs are dependent on the big 3 than AIG. Eventually, we all know this will end up in the economic failure of not just our country, but all the major economies around the world. Thus begins the one world economic and governmental system. Then again, the more I see, the more I believe that is the end goal anyhow.

 

[Doober]

Thing is, many manufacturing plants aren't just in Michigan anymore... they're all over the world.

I still think they need to take a deeper look at their white-collar regimes, all the companies.

 

[Tony_SS]

Supposedly GM put alot of their bailout money in their oversea's manufacturing, so it didn't even benefit the US. They should all be left to fail.. it will be rough, be we will come back stronger and quicker than what were doing now.

Yes, their endgame is to loot and plunder the worlds economy and the only way to do this in to bring ours to its knees. Consumer spending actually increased in Jan.. but all you hear is doom and gloom.. they want to implode the place so they can buy up all the real assets for pennies on the dollar and offer us the solution when the place is in shambles and they own everything. They'll sell us a North American Union and one currency. Hell, they already the have a central bank: The Federal Reserve.

 

[CostasCutlass]

Yea, jobs or not, what ever happened to a business being your responsibility? And if you screw up you lose, simple as that? The government has enough to worry about without having to bailout these companies that keep screwing up and losing money.

 

[85 Cutlass Brougham]

What ever happened to life being your responsibility? Too many people now want some sort of guarantee of stability from the government, and that simply is not something the government is capable of doing for 300+million people. After all, what is done for one person should be done for all the people. I want to go back to the concept that success or failure is entirely the responsibility of the individual. We are going to collapse as a nation if we do not go back to a time when the government was not so massive.

 

[gator2206]

I won't say too much on this since I'm a union guy, and while I do agree some major overhauling needs done with America's industry it's not all the Union's fault.Next time you have a weekend off thank a union for it because without those you would be working 7 days a week for minimal pay,unsafe conditions,and uncontrolled longer hours

 

[85 Cutlass Brougham]

I won't say too much on this since I'm a union guy, and while I do agree some major overhauling needs done with America's industry it's not all the Union's fault.Next time you have a weekend off thank a union for it because without those you would be working 7 days a week for minimal pay,unsafe conditions,and uncontrolled longer hours

Say whatever you want. For the next few weeks, at least, it's still a free country.

I never said unions have never done any good. I am saying that the decision to unionize should remain a secret ballot. THAT is what is at issue here. Taking it away takes away a person's ability to vote their conscience and not face harassment for disagreeing with someone. Oh, and if you think everyone has weekends off, think again. The next time you go to a restaurant on a Saturday night or a 7-11. If no one worked on weekends, there would be no point to having them off. Most of us have never done factory work, and do not work by the same rules.

 

[gator2206]

I never said unions have never done any good. I am saying that the decision to unionize should remain a secret ballot. THAT is what is at issue here. Taking it away takes away a person's ability to vote their conscience and not face harassment for disagreeing with someone. Oh, and if you think everyone has weekends off, think again. The next time you go to a restaurant on a Saturday night or a 7-11. If no one worked on weekends, there would be no point to having them off. Most of us have never done factory work, and do not work by the same rules.[/quote]

I guess i should have been ore specific when I said "weekend" I meant a 40 hour work week or a 5 day work week, without unions those would not exist.And I am in total agreement that alot of unions need an overhaul, but if they would all be totally disolved you can forget about ever earning proper wages for what you do, unless you are in a white collar position pulling the strings.And I don't work in a factory I build them.And no I don't always work 5days a week or just 8hours a day but I am compensated for the overtime.