Chinese Automakers may buy GM and Chrysler

[texdav]

If you havfe ever visted china that is really a lo0ng ways off. The average american on welfare does better than the average chinese citizen.Did you live in the 1950's:i did and remember my father and mother having it very toiugh in the best of times and my father had a very good job. But prices were high in comparison and no moeny was wasted.People saved for years to buy their first used home and then saved for years for their second.Eating out waqs a big occasion and unless a bitrthday etc ;that was a hamburger. Sure their were rich peole has now but not that many.The people I agree were much more honest overall and not nearly has violent or as many thefts.It was morals that did that IMO which are lacking in this secular world.

[bale002]

Originally Posted by texdav

The average American on welfare does better than the average Chinese citizen.

Let's put it this way.

On a scale of 1 to 100, right now the average American on welfare (or social security and medicare) scores about 90, while the average Chinese citizen scores about 10.

Within the next 30 years or so, maybe much sooner, the average American will score about 55 and the average Chinese about 35, maybe a bit less on both accounts (45/20?).

That's what I'm talking about.

See nearby thread on GM investing $1 billion in Brazil.

Repeat: average workers in other parts of the world, such as China and Brazil - and also illegal immigrants in the US, who will receive citizenship - will start contributing to the funding of the aging populations of the US, Europe and Japan, with all that implies for the average standard of living.

Let's put it another way: do you think that jobs in the US F.I.R.E. economy are adequate for funding all the social security and medicare commitments going forward? In the 1950s, the ratio of workers to retirees was something like 3 to 1; going forward the same ratio may be less than unity. Throw in the working population from the rest of the world, and we have something like a 3 to 1 ratio again, again with all that implies about the standard of living (see your comments on the 1950s).

This trend is illustrated in a simplified way in the numerical example above.

We may not like it, but that's the way I see it: watch what comes out of the G-20 process over the next two months to four years.

[goldengrain]

First, I am suspicious. I think the Chinese have been eyeing outside industries, but they are going through economic drama themselves, many plants closing because so few new orders are coming in. They do not have a lack of manufacturers, China needs more purchasers.

I think this is a stretch to think they would buy these companies now. If they did, they would not tolerate the non-productive management or the perks of labor. They would be stuck with businesses that have a bad reputation and a diminishing customer base. Americans would increase purchases of vehicles from other countries.

The Chinese purchasing US auto companies sounds like a smoke screen, intended to muddy the waters about the bailout vs. chapter 11. Something to distract the American mind until perhaps a 'deal' can be made.

We know if we gave bailout money to the companies they would probably be back 6 months from now for more. When asked how they would use the money to ensure that they would turn the business around, they had no answer. Clearly, we MUST get rid of management, and clearly the ONLY way to do so is to allow them to continue to neglect the business into bankruptcy.

I do not see any other solution.

What I DO see happening in the future years is taxes being levied on autos and goods made outside of the US or made by foreign owned companies.

Years back we could not do this because our businesses required foreign markets. Now, however, we manufacture so little that we no longer sell US made goods overseas. We are only seen, internationally, as a market for the sale of foreign goods.

Soon, I fear we will no longer even be that, with all the layoffs.

I know Bush is going all around the world now, trying to get other countries to sign anti-protectionist agreements. I think he is doing this as part of his last ditch effort to throw a monkey wrench into the Obama presidency. He is paving the road with obstacles for Obama as best he can.

Bush never cared for this country or its people. This has to be the product of how he was reared at home. So, his attitude reflects that of Bush Sr and Barbara.

Then Nafta got pushed through under Clinton.

I hate that our country has been handed over to big business interests by our politicians. I know that in the future national boundaries will dissappear and our loyalties will be to the mega corporation that puts food on our tables. I cannot see a way out of this, but I don't like it. Sure, it might prevent war, it will be sold to us as that, but it will be a very painful transition for countries that now have a decent standard of living and will of great benefit to those who know the next moves, where to invest.
Just the idea that companies are buying up water rights, so essential for our lives, is appalling. Should not this be the responsibility of government?
It is disgraceful that some states are selling their highway systems to private industry and will invariably see tolls keep rising and rising with the public having no recourse.

[dheeruyadav]

I don't think really that gonna happen, The Big three are symbol of American Pride and i am sure Government will really step in to rescue them.

[floridasandy]

Originally Posted by goldengrain

First, I am suspicious. I think the Chinese have been eyeing outside industries, but they are going through economic drama themselves, many plants closing because so few new orders are coming in. They do not have a lack of manufacturers, China needs more purchasers.

I think this is a stretch to think they would buy these companies now. If they did, they would not tolerate the non-productive management or the perks of labor. They would be stuck with businesses that have a bad reputation and a diminishing customer base. Americans would increase purchases of vehicles from other countries.

The Chinese purchasing US auto companies sounds like a smoke screen, intended to muddy the waters about the bailout vs. chapter 11. Something to distract the American mind until perhaps a 'deal' can be made.

We know if we gave bailout money to the companies they would probably be back 6 months from now for more. When asked how they would use the money to ensure that they would turn the business around, they had no answer. Clearly, we MUST get rid of management, and clearly the ONLY way to do so is to allow them to continue to neglect the business into bankruptcy.

I do not see any other solution.

What I DO see happening in the future years is taxes being levied on autos and goods made outside of the US or made by foreign owned companies.

Years back we could not do this because our businesses required foreign markets. Now, however, we manufacture so little that we no longer sell US made goods overseas. We are only seen, internationally, as a market for the sale of foreign goods.

Soon, I fear we will no longer even be that, with all the layoffs.

I know Bush is going all around the world now, trying to get other countries to sign anti-protectionist agreements. I think he is doing this as part of his last ditch effort to throw a monkey wrench into the Obama presidency. He is paving the road with obstacles for Obama as best he can.

Bush never cared for this country or its people. This has to be the product of how he was reared at home. So, his attitude reflects that of Bush Sr and Barbara.

Then Nafta got pushed through under Clinton.

I hate that our country has been handed over to big business interests by our politicians. I know that in the future national boundaries will dissappear and our loyalties will be to the mega corporation that puts food on our tables. I cannot see a way out of this, but I don't like it. Sure, it might prevent war, it will be sold to us as that, but it will be a very painful transition for countries that now have a decent standard of living and will of great benefit to those who know the next moves, where to invest.
Just the idea that companies are buying up water rights, so essential for our lives, is appalling. Should not this be the responsibility of government?
It is disgraceful that some states are selling their highway systems to private industry and will invariably see tolls keep rising and rising with the public having no recourse.

maybe our government should have made some changes before we borrowed the huge amounts that we did from china to fund some of these worthless government programs and made ourselves so financially dependent on other countries. it seems people do not realize that our government is in bed with big business and wall street now. why do you think big companies like microsoft lobbied government for the wall street bailout? an ideal government would represent the will of the people, but we clearly saw that with the bailout the people's will is being circumvented.