Your undersanding of electric cars at GM is incorrect.
everynametaken Send a noteboard - 01/09/2010 12:44:36 AM
Between 1950 and 1960, for instance, it [the Soviet Union] had sunk 9.4% of extra capital a year into the economy, to earn only 5.8% a year more in actual production. In effect, they were spraying Soviet industry with the money they had so painfully extracted from the populace, and wasting more than a third of it in the process.
- Red Plenty, by Francis Spufford
The only difference between what the Soviets were doing in the 1950s to artificially make it look like their economy was growing and what Obama is doing now is that Obama is "painfully extracting" money from the populace as well as borrowing large sums of money recklessly from China to "spray" American industry with money.
He then tours a GM factory where he has dictated that overpriced electric hybrids that cannot compete with better, less expensive products in the same category should be given priority (essentially creating a command economy at GM) and cheers on the workers, telling them that they have jobs because of him and that they are fueling a recovery that is supposedly taking place.
I just wish that, by voting Republican, I didn't end up having to vote against stem cell research, gay marriage, evolution, legalized marijuana and the Copernican model of the universe.
- Red Plenty, by Francis Spufford
The only difference between what the Soviets were doing in the 1950s to artificially make it look like their economy was growing and what Obama is doing now is that Obama is "painfully extracting" money from the populace as well as borrowing large sums of money recklessly from China to "spray" American industry with money.
He then tours a GM factory where he has dictated that overpriced electric hybrids that cannot compete with better, less expensive products in the same category should be given priority (essentially creating a command economy at GM) and cheers on the workers, telling them that they have jobs because of him and that they are fueling a recovery that is supposedly taking place.
I just wish that, by voting Republican, I didn't end up having to vote against stem cell research, gay marriage, evolution, legalized marijuana and the Copernican model of the universe.
Obama and the government did not dictate GM build electric cars. GM was heading in this direction years before the government bailout with the development of the BAS hybrid, the full truck hybrid and the Volt. I sat in design meetings for the Volt three years before the government takeover. If anything Toyota and Honda selling a shitload of hybrids pushed GM in this direction.
It is accurate to say that the government has provided a lot of funding to companies to develop the battery technology to make sure they can be made and made to last without premature breakdowns and that the government has encouraged GM and Chrysler to continue building this technology after the bailouts but the American auto companies were well on their way to already doing so.
While there is plenty to criticize about government spending under Obama's administration the bailouts of GM and Chrysler were successful - this is something even the GOP is avoiding talking about. Hundreds of thousands of jobs around the country were saved and both Chrysler and GM are both hiring and heading towards paying back their loans early (with a little accounting kung-fu which is something all corporations do as well as they).
But wine was the great assassin of both tradition and propriety...
-Brandon Sanderson, The Way of Kings
-Brandon Sanderson, The Way of Kings
A quote regarding the Soviet economy that can be applied to the Obama Administration.
29/08/2010 08:07:11 PM
- 1195 Views
the Copernecian model bit was a tad exaggerated
29/08/2010 08:28:41 PM
- 710 Views
I wish I could believe the Democrats were only behaving "as" poorly.
29/08/2010 09:50:23 PM
- 733 Views
the sad thing is, I really don't think it has to be that way
29/08/2010 10:31:16 PM
- 781 Views
This is a classic mistake of the independent voter.
30/08/2010 12:35:33 AM
- 719 Views
You cannot seriously agree with the Republicans about extending the Bush tax cuts.
30/08/2010 09:07:59 AM
- 610 Views
I would target lowering the corporate rate and helping pass-through entities with cuts.
30/08/2010 02:52:55 PM
- 670 Views
How many companies actually pay that corporate tax rate, though?
30/08/2010 03:37:47 PM
- 794 Views
In reality, virtually no company in the US pays anywhere near the actual corporate tax rate.
31/08/2010 11:12:05 AM
- 735 Views
Where are you getting your "information"? *NM*
31/08/2010 04:24:47 PM
- 275 Views
Are you saying companies are actually paying 35% in corporate taxes?
31/08/2010 10:11:28 PM
- 654 Views
God help us if we ever end up at the OECD average!
31/08/2010 10:30:34 PM
- 577 Views
Which have corporate tax rates equal to or lower than that 35%.
01/09/2010 01:04:34 AM
- 948 Views
Absolutely not.
01/09/2010 04:13:24 AM
- 626 Views
The pot shouldn't call the kettle black
01/09/2010 10:10:42 AM
- 798 Views
We definitely need to slash Social Security, Medicare and Medicaid.
01/09/2010 01:58:23 PM
- 596 Views
So what you are saying is that for someone like you, it is all about how dishonest you think they ar
30/08/2010 03:17:27 PM
- 885 Views
It is true, I know no republicans personally who espouse a Copernican Model of the Universe
29/08/2010 10:16:38 PM
- 716 Views
For all of the talk about republican social issues even with a majority they didn't do much about it
29/08/2010 10:25:22 PM
- 838 Views
I have a strong dislike for Hilary Clinton.
29/08/2010 11:38:10 PM
- 668 Views
I find myself regretting that she didn't beat Obama in the primaries.
30/08/2010 12:30:28 AM
- 609 Views
Interesting comparison
30/08/2010 04:19:40 AM
- 667 Views
That's why I'm a Libertarian
30/08/2010 09:22:18 AM
- 675 Views
Strict libertarians are disliked for some of their own insane ideas.
31/08/2010 06:21:12 PM
- 540 Views
I don't know MUCH about politics - however..
30/08/2010 01:49:03 PM
- 737 Views
If Republicans focus more on the economy, we have our best chances.
31/08/2010 06:18:49 PM
- 516 Views
Actually, General Motors has made quite a turnaround, the company is actually making profit now.
31/08/2010 10:44:15 AM
- 748 Views
The Economist is being uncharacteristically optimistic on this point.
31/08/2010 06:17:51 PM
- 545 Views
Your undersanding of electric cars at GM is incorrect.
01/09/2010 12:44:36 AM
- 748 Views