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Silly economic neophyte...if the auto companies were allowed to languish and slowly die off from gubmint infusion, the infrastructure (machinery/robotics/factory structure) would deteriorate further since there would be complacency to upgrade and service equipment. Better to allow immediate liquidation to another private investor who will trim down costs and properly utilize the equipment. Not only that, but since the government has no money, it would have to extract those funds from another resource or, get this, saved.
You probably also agree than foreclosures should be delayed and allow the houses to disintegrate from lack of upkeep, rather than young couples who can actually afford these homes at a real bargain price not artificially inflated by gubmint intervention to buy them.
We can all see how well "fixing" the economy works.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,454,406 times
Reputation: 6670
Quote:
Originally Posted by ViewFromThePeak
Silly economic neophyte...if the auto companies were allowed to languish and slowly die off from gubmint infusion, the infrastructure (machinery/robotics/factory structure) would deteriorate further since there would be complacency to upgrade and service equipment. Better to allow immediate liquidation to another private investor who will trim down costs and properly utilize the equipment. Not only that, but since the government has no money, it would have to extract those funds from another resource or, get this, saved.
You probably also agree than foreclosures should be delayed and allow the houses to disintegrate from lack of upkeep, rather than young couples who can actually afford these homes at a real bargain price not artificially inflated by gubmint intervention to buy them.
We can all see how well "fixing" the economy works.
Silly wingnut neophyte... hmmm, sounds like we have some sort of glib, poor-man's Marc Faber ("Simpleton's Guide to Economics")? Although while Faber has a doctorate, your economic education is by "Dr." Mike Savage, and Ron "Bring Back the Gold Standard" Paul (who even Bill Kristol calls a "crackpot").
So please edumicate us with your solution here... should the "gubmint" just stand by and do nothing? Or might you be with that noble 'libertarian' bunch (a.k.a. "me first, women and children last"), who also think that FDR and the New Deal was a big mistake?
Silly wingnut neophyte... hmmm, sounds like we have some sort of glib, poor-man's Marc Faber ("Simpleton's Guide to Economics")? Although while Faber has a doctorate, your economic education is by "Dr." Mike Savage, and Ron "Bring Back the Gold Standard" Paul (who even Bill Kristol calls a "crackpot").
So please edumicate us with your solution here... should the "gubmint" just stand by and do nothing? Or might you be with that noble 'libertarian' bunch (a.k.a. "me first, women and children last"), who also think that FDR and the New Deal was a big mistake?
Oh I do believe you forgot that all known mistakes since 1776 projected to 2012 in 2008 can be attributed to dems, while repubs are only responsible for sweetness and light throughout the land forever and ever amen.
frankly, neither party has done much in the sweetness and light movement for a long time. both parties are tied into big business as we have seen and will continue to see. it is interesting that the article on chrysler in canada has canadians in the same debates as we are having in the united states:
reportonbusiness.com: Chrysler turns up the heat on Canada - Comments (http://www.theglobeandmail.com/servlet/story/RTGAM.20081209.wrautoscanada09/CommentStory/Business/home - broken link)
Silly wingnut neophyte... hmmm, sounds like we have some sort of glib, poor-man's Marc Faber ("Simpleton's Guide to Economics")? Although while Faber has a doctorate, your economic education is by "Dr." Mike Savage, and Ron "Bring Back the Gold Standard" Paul (who even Bill Kristol calls a "crackpot").
So please edumicate us with your solution here... should the "gubmint" just stand by and do nothing? Or might you be with that noble 'libertarian' bunch (a.k.a. "me first, women and children last"), who also think that FDR and the New Deal was a big mistake?
Silly political neophyte, taking a lunatic "bail out Israel" neo-con-munist like Bill Kristol at his word, or ASSuming I always agree with Dr. (guess it's in quotes because he has a legitimate doctorate from Berkeley lib-atons would like to take away from him if they could) Savage.
Funny thing about Marc Faber, he predicted the economic mess. So did Jim Rogers and Peter Schiff. I see Schiff's bet with Art Laffer (Laughter more like it) is youtubed with nearly 1 million hits...hmmm....
Well, we could do like Hoover and Roosevelt and turn a severe recession into another great depression, but historical revisionists like to make it seem like the New Deal actually accomplished something so I will yield the floor to them, but not without loading up on the stuff that'll be worth a ton of money as they f up the country economically (you think it's bad now? Bwhahahahahaha!!!)
what i don't understand is how people are counting on the united states government to come in and save them when the government could not even run one program, social security, successfully. we will be in for some interesting times ahead.
School us with your whackjob-website wisdom, oh guru.
Quote:
Originally Posted by ViewFromThePeak
...if the auto companies were allowed to languish and slowly die off from gubmint infusion, the infrastructure (machinery/robotics/factory structure) would deteriorate further since there would be complacency to upgrade and service equipment.
And these would arise because "infusions" from "gubmint" would create an entirely different set of incentives from those that would obtain under "infusions" from say bond or stock sales or borrowing from private sector sources? Such insight.
Quote:
Originally Posted by ViewFromThePeak
Better to allow immediate liquidation to another private investor who will trim down costs and properly utilize the equipment.
These are the big problems in the auto industry today, then? Failure to "trim down costs" and "properly utilize equipment". Things would be just peachy if only someone would come along and do that? This would be an example of Bozo-babble. Which private investor do you meanwhile expect to step into the breach here? Who's on your White Knight short list, I would wonder.
Quote:
Originally Posted by ViewFromThePeak
Not only that, but since the government has no money, it would have to extract those funds from another resource or, get this, saved.
Perhaps you could restate that in English.
Quote:
Originally Posted by ViewFromThePeak
You probably also agree than foreclosures should be delayed and allow the houses to disintegrate from lack of upkeep, rather than young couples who can actually afford these homes at a real bargain price not artificially inflated by gubmint intervention to buy them.
Hello? It's banks (and their investors) who've incapacitated foreclosure auction markets and held up inventory and prices. It's possible to find bargains in REO's, but they are rare because banks make them rare. If it could get its hands on these properties, governments could more, not less, easily rehab as necessary and resell them, as they serve the broader interests of the public welfare, not the narrow interests of shareholder welfare. You and your bands of something-for-nothing-seeking young couples seem not to understand which team would help you out more.
Quote:
Originally Posted by ViewFromThePeak
We can all see how well "fixing" the economy works.
Wouldn't need fixing to begin with if myopic laissez-faire free-market types had developed any sort of clue as to what was actually going on, which they could indeed have done if they had merely been paying any attention at all.
what i don't understand is how people are counting on the united states government to come in and save them when the government could not even run one program, social security, successfully. we will be in for some interesting times ahead.
Social Security has been highly successful for about seven decades. Even under highly pessimistic assumptions, projections are that it will continue to be so (exactly as it is) for at least half of that again. Either you don't have a point, or you don't know how to pick examples of it...
Krugman is a FDR throwback who happened to write a good paper on trade theory. Just another mainstream Statist (they call them neo-Keynesians now...who woulda thunk?). As we've seen recently (maybe short bus folk haven't), the nobel prize is becoming increasingly politicized and rarely resembles scholarly success (except perhaps in the boring physics and chemistry fields). After Black and Scholes won the economic prize for using hand waving mathematical "proofs" to win the economic nobel prize in 1997, it all pretty much went downhill.
Quote:
And these would arise because "infusions" from "gubmint" would create an entirely different set of incentives from those that would obtain under "infusions" from say bond or stock sales or borrowing from private sector sources? Such insight.
Incentives and government are never used in the same sentence. Ever. Not without a gut busting laugh.
Quote:
These are the big problems in the auto industry today, then? Failure to "trim down costs" and "properly utilize equipment". Things would be just peachy if only someone would come along and do that? This would be an example of Bozo-babble. Which private investor do you meanwhile expect to step into the breach here? Who's on your White Knight short list, I would wonder.
They've already done that. The most advanced automotive plant along with the best working conditions that exist today in the automotive industry.
But, you're right. We could just use your theory on a "slow protracted bankruptcy". Hey, if it sounds good on paper, frauds like Krugman would approve
Quote:
Perhaps you could restate that in English.
More money going to automotive industries = less money going elsewhere
Good enough for the short bus folks?
Quote:
Hello? It's banks (and their investors) who've incapacitated foreclosure auction markets and held up inventory and prices. It's possible to find bargains in REO's, but they are rare because banks make them rare. If it could get its hands on these properties, governments could more, not less, easily rehab as necessary and resell them, as they serve the broader interests of the public welfare, not the narrow interests of shareholder welfare. You and your bands of something-for-nothing-seeking young couples seem not to understand which team would help you out more.
Last I heard, you supported bank bailouts (wishing Paulson the "best of luck" I recall). All that cash temporarily propping up banks might be one of the reasons for these homes languishing. Bueller?
Quote:
Wouldn't need fixing to begin with if myopic laissez-faire free-market types had developed any sort of clue as to what was actually going on, which they could indeed have done if they had merely been paying any attention at all.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,454,406 times
Reputation: 6670
Quote:
Originally Posted by ViewFromThePeak
Funny thing about Marc Faber, he predicted the economic mess. So did Jim Rogers and Peter Schiff. I see Schiff's bet with Art Laffer (Laughter more like it) is youtubed with nearly 1 million hits...hmmm....
Interesting that for all the name-dropping, wingnut-speak and frat-boy smirking, you've yet to offer any alternative to the OP besides complaining and criticizing others.
I hear Brittany Spears gets over 10 milion youtube hits, so maybe you could consult her for some ideas...
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