*notified the PolitBuro of the reactionary traitor to the revolution*
You'd have thought Chrysler going bankrupt AGAIN despite dumping billions in taxpayer money on to get them out of bankruptcy in each of the last two decades would have told us doing it one more time for the AND GM wouldn't work. I wish I could bankrupt myself secure in the knowledge that the government would just hand me a bunch of free money to teach me a lesson (instead of rewriting personal bankruptcy laws to largely eliminate debt relief and make people with no money spend more of it if they file for bankruptcy). As I said of the private healthcare mandate, what we HAD was closer to socialism than this pig in a poke is.
Well, I supported watching it crash and burn mostly because comments like "Too big to Fail" strike me more as a challenge, same as "The world's be around for 4 billion years, do you really think mankind can destroy it?" or "Man was not meant to fly"
For the moment anyway the big hit to GM is coming at least in part because of the hit in consumer confidence deriving from the Volt apparently being more flammable than the vehicles its designed to replace that operate on the principle of burning highly flammable fuels. Which depending on how the investigation goes is either going to be ironic the way the unsinkable Titanic was ironic or ironic the way Asbestos, which saved many people from burning to death and cut heating bills, killed so many people with cancer. Anyway, I would say our tactic of trying to fix the car industry problem by throwing money at it was a really bad idea, but throwing money at problems has been something of a proud American tradition and I am a big believer in preserving our cultural traditions and heritage.
The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.
- Albert Einstein
King of Cairhien 20-7-2
Chancellor of the Landsraad, Archduke of Is'Mod
- Albert Einstein
King of Cairhien 20-7-2
Chancellor of the Landsraad, Archduke of Is'Mod
Government rushing to dump GM stock - costing taxpayers $11B -
20/04/2011 03:19:54 PM
- 637 Views
But the Party had control of the capitalist running dogs industry! Comrade Obama,you fool!
20/04/2011 05:36:26 PM
- 473 Views
I Knew It! COMMIE!!!
20/04/2011 07:17:05 PM
- 438 Views
The whole thing was rather surreal.
24/04/2011 05:04:32 AM
- 556 Views
I don't know, it seemed a normal crisis response
24/04/2011 07:06:39 AM
- 474 Views
The intervention was understandable; the political sideshow was disgusting, if also understandable.
26/04/2011 01:42:18 AM
- 619 Views
One reason I'm thankful for you:
20/04/2011 06:55:55 PM
- 653 Views
You have to admit...
20/04/2011 07:26:55 PM
- 396 Views
What was the better choice? Not doing this stupid bailout scheme in the first place..... *NM*
21/04/2011 12:48:27 AM
- 173 Views
I'm not sure I agree with that, but that's neither here nor there. *NM*
21/04/2011 01:12:49 AM
- 165 Views
some of us said the same thing about iraq, but what are you gonna do about it now? *NM*
21/04/2011 01:44:45 AM
- 182 Views