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No. Never. Government should never "prop up" businesses. Government should never subsidize business or products. Failing businesses should be allowed to fail.
But they did. To the tune of trillions of dollars. We agree it should not have happened it would seem (correct me if I'm wrong). But it did. Since it did why shouldn't everyone be able to benefit from that in a more equitable way? Why should the vast majority of that go to only the top few?
Almost every product I buy today has much better quality than products 30 years ago and a big portion of those products are made outside the USA. You should quit buying lousy products.
I have a German automobile that's 25 years old and still running fine. I have a refrigerator that's been in my garage for 20 years and it's still going fine. I have a shop full of tools that are very high quality; some are made in the USA, some are not including some DeWalt drills that are made in China.
Quality products are out there. You should look harder.
Sorry, but I disagree
You need to open your eyes then and look at the complaints from people paying full price for LQ Crap from China. It is almost a catch phrase these days.
What happened to the Life Time Warranties on many products we had when they were made in the USA?
They can't stand by their product can they?
China’s Great Uprooting: Moving 250 Million Into Cities
This is a massive human rights abuse where millions of Chinese had their farm lands bull dozed and forced to go work in the cities to make widgets.
Just FYI, I spent 3 weeks in China two months ago and saw their pitiful living conditions firsthand.
What should be done? The first step would be freedom. Freedom to own land. Freedom to choose what their kids will study in school. Freedom to choose a school for their kids.
Central Planning is the biggest disaster mankind has ever experienced. It's failed everywhere including Germany, Russia, China, North Korea and Venezuela.
Central Planning (Big Government controlling everything or socialism) must be eliminated before the people in China will advance.
Any CEO that isn't focused on profits should be fired. He works for the shareholders, not the public. If the CEO of an automobile company finds a way to reduce costs and/or improve his product, he will be more competitive in the market. That brings in sales and profits and jobs and happy customers.
Maybe you should start a business and focus on something other than profit.
And Again, if their only concern is the shareholders then they have ABSOLUTELY NO business being anywhere near our government
I will be voting to get them out of the government
Mozilo clearly ran afoul of Sarbanes/Oxley and while the government got a slap on the wrist fine out of him the law was passed so there would be prison time.
Timothy Geithner admitted laws were broken but that he would not seek prosecutions because it might be bad for the markets. How I wish someone would have decked him when he said this. Sadly, many, many, many who complain voted to re-elect the administration that oversaw this.
I'll let you try to convince your middle class friends that they should pay more for their products. Will that "punish the wealthy?"
That part will not be a problem at all sir when they do not have the money to pay for the products to begin with. Eventually, your Get Rich Globalist Plans will run out of other peoples money.
The majority of people though in this country in order to have their say, march on the streets with placards or donate 10 dollars if they have it to a candidate.
That is the reality
On the other hand, if you are part of a Big Banking Firm or a Corporation with Deep Pockets, you can just march right into Capitol Hill and Demand! what you want
So, why can't I march right into a politicians office and demand what I want???
You should. We all should. When stopped we should break things.
Almost every product I buy today has much better quality than products 30 years ago and a big portion of those products are made outside the USA. You should quit buying lousy products.
Is that why 30 years ago refrigerators had 5 year warranties and now have 6 month warranties?
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