U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Northeastern Pennsylvania
 [Register]
Northeastern Pennsylvania Scranton, Wilkes-Barre, Pocono area
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 11-12-2008, 10:55 AM
 
994 posts, read 1,276,899 times
Reputation: 414

Advertisements

It does not work that way. These companies will effect the Country soo much by failing that in order to stave off a really serious problem we have to bail them out. I hate it too but it is what Trickle down economics creates.
Reply With Quote Quick reply to this message

 
Old 11-12-2008, 10:59 AM
 
Location: NE PA
7,939 posts, read 9,702,191 times
Reputation: 4272
Quote:
Originally Posted by to570717 View Post
There are 2 miilion jobs connected in some way to GM. You really think it is a good practice top eliminate say 3/4ths of jobs jobs by letting this Co. Fail? This is a very intellectual issue, much like Healthcare reform. Sweeping assumptions and hasty logic do not fly when the situation is what it is. It is fine in a message board and that is what makes this board interesting but seriously dealing with this problem requires Gov intervention because it si the only recourse. The blame lies at the top of these Co., all republicans by the way!
The market would have a way of dealing with those job losses. Obviously, if the Big 3 ceased to exist, people would still need vehicles just as much as they do now. Either a downsized version of the Big 3 or other auto manufacturers would still need to keep up with demand.....this might mean MORE jobs for other companies, but there would still be jobs nonetheless. I would rather see more production from companies like Honda and Toyota, which manufacture most of what they sell in America right here in America, as opposed to companies like GM, which keep closing US plants and moving production to other countries like Mexico and China.
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 11:04 AM
 
Location: Polish Hill, Pittsburgh, PA
26,555 posts, read 47,267,732 times
Reputation: 11434
Quote:
Originally Posted by to570717 View Post
It does not work that way. These companies will effect the Country soo much by failing that in order to stave off a really serious problem we have to bail them out. I hate it too but it is what Trickle down economics creates.
I just wish there was some sort of better solution to this. Perhaps I'd be more supportive of such a bail out procedure if there were very restrictive strings attached. For example, we all heard the horror stories about what AIG officials did with some of the money they did from the first bail out under the guise of "Well, it was already scheduled, so there!" Now we gave them more of our hard-earned tax dollars to use as they see fit? Why?

If billions are given to GM, Ford, and Chrysler, then there better be a 100-page report filed right beside it from the government indicating the "Dos" and "Dont's" as well as a monthly governmental audit of these three companies to follow the money trail to see just what this bail out was TRULY used for. If it is deemed to be wasteful, then the company will be liable to immediate pay that back.

I'm a strong fiscal conservative, and nothing is going to change that about me. I'm a strong social liberal, and likewise I'm quite happy here on the left of center on social justice issues.

I'd be happiest if there was a COMPLETE overhaul of corporate executives. For example, the Waltons are one of the wealthiest families on Earth, yet a number of their employees at their Wal-Mart stores have their children on WIC, are supporting themselves partially with welfare, etc. In other words, people like me who are already knee-debt in student loan debt are working our tails off to support those who work at Wal-Mart because their multi-billionaire employers refuse to pay a living wage. To say I've been severely jaded by our capitalist market in 2008 is nothing short of the truth.
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 11:09 AM
 
Location: NE PA
7,939 posts, read 9,702,191 times
Reputation: 4272
The only way I would consider a bailout for the auto companies would be if they were forced to close all their foreign plants and bring all production back to the U.S. Otherwise, let them sink.
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 11:11 AM
 
Location: Polish Hill, Pittsburgh, PA
26,555 posts, read 47,267,732 times
Reputation: 11434
Quote:
Originally Posted by go phillies View Post
The only way I would consider a bailout for the auto companies would be if they were forced to close all their foreign plants and bring all production back to the U.S. Otherwise, let them sink.
If there was a stipulation attached that "X" dollars had to be invested into green technologies and hybrid production I'd be a bit more reassured. I don't want GM to take $100,000,000,000 and use that to produce a new "Super Escalade!"
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 11:21 AM
 
2,473 posts, read 3,411,531 times
Reputation: 1193
Quote:
Originally Posted by ScranBarre View Post
If there was a stipulation attached that "X" dollars had to be invested into green technologies and hybrid production I'd be a bit more reassured. I don't want GM to take $100,000,000,000 and use that to produce a new "Super Escalade!"
I agree 101%!!

That's what I meant when I said that if the government bails 'em, they should mandate a new direction towards new energy & not "business as usual"!!
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 11:21 AM
 
Location: NE PA
7,939 posts, read 9,702,191 times
Reputation: 4272
Quote:
Originally Posted by ScranBarre View Post
If there was a stipulation attached that "X" dollars had to be invested into green technologies and hybrid production I'd be a bit more reassured. I don't want GM to take $100,000,000,000 and use that to produce a new "Super Escalade!"
Or a new Hummer H4....a Hummer hybrid that will get 8 miles to the gallon instead of 5...

Seriously, I can't believe they're even considering bailing out a company that though it made good business sense to produce war vehicles for everyday driving, even after gas prices were already rising. Its rewarding stupidity.
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 03:08 PM
 
Location: Sheeptown, USA
3,234 posts, read 4,391,768 times
Reputation: 895
Quote:
Originally Posted by go phillies View Post
The only way I would consider a bailout for the auto companies would be if they were forced to close all their foreign plants and bring all production back to the U.S. Otherwise, let them sink.
Totally agree. Why should we give them money when they're outsourcing work than Americans could be doing?
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 03:18 PM
 
Location: Sheeptown, USA
3,234 posts, read 4,391,768 times
Reputation: 895
Quote:
Originally Posted by to570717 View Post
There are 2 miilion jobs connected in some way to GM. You really think it is a good practice top eliminate say 3/4ths of jobs jobs by letting this Co. Fail? This is a very intellectual issue, much like Healthcare reform. Sweeping assumptions and hasty logic do not fly when the situation is what it is. It is fine in a message board and that is what makes this board interesting but seriously dealing with this problem requires Gov intervention because it si the only recourse. The blame lies at the top of these Co., all republicans by the way!
Then you don't want a capitalist form a government, you prefer socialism then? Let 'em sink if they can't make good products that people actually want to buy. What good is it if the government bails them out and they still produce garbage and people still don't buy them? Then what? This goes against everything that our country is about, a free enterprise market. Leave it to Pelosi to do something like this, the woman makes me ill.
Reply With Quote Quick reply to this message
 
Old 11-12-2008, 03:25 PM
 
Location: Polish Hill, Pittsburgh, PA
26,555 posts, read 47,267,732 times
Reputation: 11434
Quote:
Originally Posted by NYRangers 2008 View Post
Leave it to Pelosi to do something like this, the woman makes me ill.
...but she's hot!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Northeastern Pennsylvania

All times are GMT -6. The time now is 11:33 AM.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top