Forget the Bailout; let's solve this.....

[smokin68]

dilema. I listened to alot of the CEO's today plead their cases, along with the leader of the UAW. Interesting to say the least. Here's MY simple solution....

Let's copy what the German goverment did for their countymen. If you bought a German car, the government would finance it for you for 10 years interest free. Any other make, you're on your own. Biased? Absolutely. Most cars were benzes though.....

This country already has to deal with unfair trade practices with other countries. This policy would give people a pretty good incentive to buy American......and of course the government would get their money in default cases through the usual means, so little risk. Cars would become more affordable, and the big three SHOULD become more profitable if they invest wisely this time around. It would also instill a great deal of trust in our countries products.

Bridge loans aren't the solution.....

[jpsmith1cm]

dilema. I listened to alot of the CEO's today plead their cases, along with the leader of the UAW. Interesting to say the least. Here's MY simple solution....

Let's copy what the German goverment did for their countymen. If you bought a German car, the government would finance it for you for 10 years interest free. Any other make, you're on your own. Biased? Absolutely. Most cars were benzes though.....

This country already has to deal with unfair trade practices with other countries. This policy would give people a pretty good incentive to buy American......and of course the government would get their money in default cases through the usual means, so little risk. Cars would become more affordable, and the big three SHOULD become more profitable if they invest wisely this time around. It would also instill a great deal of trust in our countries products.

Bridge loans aren't the solution.....

So now the government is a bank, too? Why don't they just buy the automakers and GIVE us freakin cars?

No. Aganst the bailout, against more government in ANY form!

The big 3 need to fail. The big banks need to fail. Then, the government needs to get the he** out of the way and let us rebuild our nation.

They have meddled enough.

[dan wong]

So now the government is a bank, too? Why don't they just buy the automakers and GIVE us freakin cars?

No. Aganst the bailout, against more government in ANY form!

The big 3 need to fail. The big banks need to fail. Then, the government needs to get the he** out of the way and let us rebuild our nation.

They have meddled enough.

I agree. sometimes its better to let the old oak tree die so young tree can grow in its place.

Imagine this; When Horse carriage was dying and the goverment keep it alive, we would probably still riding on a horse drawn carriage.

Where is George Jetson? we need futurist to design our next mold of transportation. (hehe)

[smokin68]

Actually, the government is the biggest bank already. They're not going to let them fail, it's not an option. The results of a failure would be catostrophic. Easy to say let them go bankrupt, but noone would like the end result. Millions will become un-employed. We continue to rebuild nations overseas, but we shouldn't help ourselves? Hmmmm.....

[sysint]

Let them go bankrupt. There is still a need for cars. Maybe the old-guard shakeup would be good because new management teams would quickly form to take advantage of the opportunity. Since there is so much out there tied to auto industry I'm sure they would have enough incentive to be aggressive.

Actually the 10 year loan thing isn't a bad idea... but I'd wait until after the failure before that...

[k-fridge]

I like that a lot better than throwing money at the companies. At least this way they have incentive to try and solve some of the problems they have.

[jpsmith1cm]

The problem that I have is that it involves the government.

I can't think of one thing that our government has successfully done.

Roads? Naah.
Schools? Duh.
Medicare and Social Security? You're kidding, right?

It would be akin to GIVING another car to an idiot who had already wrecked dozens.

When will people wake up and see that government is the problem, NOT the solition??

Wanna talk about oil prices?

Let's talk about the GOVERNMENT putting our oil off limits.

Why would you do that?

Want to talk about companies going overseas?

Lower taxes and less environmental regulation.

Again, government!

Yeah, cheap labor is a factor, but only one.

Didn't the government start a war on poverty?

Yeah, that worked.

We've spent almost 7 TRILLION subsidizing jobless bums and baby factory crack mammas. What did it get us?

7 trillion dollars worth of bums and crackheads.

Good investment!

War on drugs? Ha!

Thus far, the only thing in recent memory that the government has done that worked is the war on terrorism. While Bin Laden's head never graced the Christmas tree in Times Square, we have not seen another attack on American soil. That is at least a partial success.

So, why don't I approve of the government doing anything to modify market forces? Because government is mostly composed of wrong-headed idiots who are more interested in policy and power than in the advancement of America as the beacon that she should be in the world.


I'm going to go take a pill and lie down, now. :D

[the mojo]

Actually, the government is the biggest bank already. They're not going to let them fail, it's not an option. The results of a failure would be catostrophic. Easy to say let them go bankrupt, but noone would like the end result. Millions will become un-employed. We continue to rebuild nations overseas, but we shouldn't help ourselves? Hmmmm.....

What you're taking about is called protectionism.
If you can give Paul Vokler and Timothy Geithner and the suit Barry a jingle on the sqawk box,then give it your best shot.

And if you can't get a hold of those three,just ring up Alan Greenspan.:rolleyes:

[sysint]

I like that a lot better than throwing money at the companies. At least this way they have incentive to try and solve some of the problems they have. Well. I think that their methods will be trashed by others if they get to fail. Company insiders with innovative ideas will have their shot at putting together their own companies without years of bad management and labor. Right now both the management and the labor want to extend their life span and retain control. I'd rather see it blow up for the benefit of long term. They are seeking money to maintain something close to status quo. I say they are done, they all made their beds, they can now lie in them sans taxpayer bailout dollars making them sleep easier.