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GM has been a major tax payer since 1908. Undoubtedly, they pay more taxes in a week than you will in a lifetime. There are, obviously, some benefits to keeping them afloat with a temporary loan. Let them go under however and you will potentially lose more than you will have saved by not giving them a loan.
Really?
Why?
They would never have needed our bailout had they run their business properly and had built desirable vehicles.
The non-union suppliers and thousands of dealership personnel were sacrificed for the unions.
The loon bin libs do make a valid point. Conservatives weren't on the side of the auto makers on this one. Never mind that tons of auto plants have opened up in the south, providing middle class incomes for hundreds of thousands. Nope, watching a bunch of union boys squirm would have been well worth the demise of 2 of the big 3
With most of world's auto makers heavily subsidized by the state, American auto makers simply can't compete without some help. When you look at manufacturing as a whole in China, much of it is heavily subsidized or outright owned and controlled by the state. They can sell products at a loss just to kill American competition.
There are reasons behind why 2 of the big 3 would have went belly up if it weren't for the tax payer loan. I'm not crazy about tax dollars being used to tie up loose ends, but when you look at the foreign competition, and you see the white knuckled competitive atmosphere, we stand to lose big if we sit idly by and watch all our domestic operations disappear.
I guess when you live in a trailer park and uncle Obama puts food in your refrigerator, the survival of American industry doesn't rank high on your list of priorities...
In short, Libertarian wing of the "free market" is nothing but a loser in a world that heavily subsidizes their manufacturing sectors, except us.
Quote:
Originally Posted by andywire
GM has been a major tax payer since 1908. Undoubtedly, their presence equates to more tax revenue in a week than you will pay in a lifetime. There are, obviously, some benefits to keeping them afloat with a temporary loan. Let them go under however and you will potentially lose more than you will have saved by not giving them a loan.
For people who have BGSBs, ideology is more important than the economy. Go figure. Alphamale thinks fulfilling political ideology is more rewarding in the end than having a healthy manufacturing sector
I couldn't care less who builds what where, as long as they are doing it on their own dime. But don't give a business $50 BILLION taxpayer dollars.
What is it about righties who complain loudly about "welfare" and "bailouts" to any business employing blue-collar workers, but you say zilch about ongoing welfare payments to Big Oil and other such billion-dollar corporations who don't even need it? When a huge profitable corporation escapes paying taxes you all say "more power to you", and the focus of your disdain is always some business with a union connected to it. Why do you so vehemently hate your taxpayer money going to the poor, but love it for the rich? Everybody on "their own dime" you say? Right... MARK MARTINEZ' BLOG: CORPORATE WELFARE vs. SOCIAL WELFARE SPENDING ... IT'S NOT JUST A $40 BILLION GAP
As for the OP, I would like to have seen some reasoning or data behind the claim, or what the ramifications are supposed to be, rather than just a simple statement. Not sure of the importance of it.
BTW, it is a function of government to promote the general welfare of society.
For people who have BGSBs, ideology is more important than the economy. Go figure. Alphamale thinks fulfilling political ideology is more rewarding in the end than having a healthy manufacturing sector
The sad part is the vulture capitalist neoconservatives have their loyal followers like alphamale eating right out if their hand.
Little do they know they are being fed rat poison.
What is it about righties who complain loudly about "welfare" and "bailouts" to any business employing blue-collar workers, but you say zilch about ongoing welfare payments to Big Oil and other such billion-dollar corporations who don't even need it?
It boils down to lack of education and many countless hours of propaganda. Reason #23,732 that the Dumbing Down of America is deliberate.
Ontario has lost it's number one spot in auto production to a resurgent auto industry in Michigan. The province of Ontario has had bragging rights as top auto producer every year since 2004 but will be overtaken this year by the state of Michigan. The state is on track to make 2.45 million cars this year to the province's 2.34 million.
Someone is doing something right down there!!!
Interesting how much things improved when they got a Republican governor -- and right-to-work laws.
Maybe their former democrat Canadian governor intentionally brought down Michigan's economy so that Ontario would benefit?
Ontario has lost it's number one spot in auto production to a resurgent auto industry in Michigan. The province of Ontario has had bragging rights as top auto producer every year since 2004 but will be overtaken this year by the state of Michigan. The state is on track to make 2.45 million cars this year to the province's 2.34 million.
Someone is doing something right down there!!!
Another "the sky is falling" claim by the liberals that didn't pan out. Right to work works!!!!
Negative effects of RTW take some time to manifest since union "going rates", working conditions and safety standards still offer some competition. The right-to-work-for-less red states have some of the worst quality of life and still rely on government welfare.
Here is your deregulated anti-collective-bargaining right-to-work system in its ultimate form. Stronger labor law in Bangladesh after garment factory collapse | Reuters
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