Live by the Market Die by the Market. wait until the fed has to stop the money printing.Don't be long in the tooth Gloomers...
12,922.32 +116.93 (0.91%) Real-time: 10:43AM EDT
Nice job Sarge.. you managed to get in every last lame RW talking point, but where is the part about Marxism?Live by the Market Die by the Market. wait until the fed has to stop the money printing.
Obama's between a rock and a hard place. Prop up the market and face rising prices, or stop the printing presses, let the market bottom out and let the economy heal on its own. The longer this goes on, the higher price there is to be paid.
Right Wing talking points? No it's the truth.Nice job Sarge.. you managed to get in every last lame RW talking point, but where is the part about Marxism?
Not to mention the hundreds of thousands of employees at the thousands of GM and Chrysler Dealerships throughout the US. Just think, we could have had McCain and four more years of Bush voodoo economics and went straight to the third world.I guess then, sarge, that you won't be applauding these figures:
"The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury Department has said.
The bank bailouts may result in a return of $2bn (£1.3bn), the Treasury said in its latest projections for the government's response to the crisis.
And the recovering auto industry has added 230,000 jobs as a result."
http://www.bbc.co.uk/news/business-17720012
Capitalism is a profit AND loss system. If the bank bailouts had never occurred, the business of people who used banks would have been spread among the banks that didn't fail, causing them to grow.I guess then, sarge, that you won't be applauding these figures:
"The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury Department has said.
The bank bailouts may result in a return of $2bn (£1.3bn), the Treasury said in its latest projections for the government's response to the crisis.
And the recovering auto industry has added 230,000 jobs as a result."
http://www.bbc.co.uk/news/business-17720012
Capitalism is a profit AND loss system. If the bank bailouts had never occurred, the business of people who used banks would have been spread among the banks that didn't fail, causing them to grow.
Same with GM and Chrysler. Their collapse wouldn't have reduced demand for cars; that demand would simply have been spread among the car companies remaining, increasing their size and employment levels
Punishing success to reward failure never worked. And now we've got a stock market that's success depends on the Feds printing money.
Companies that fail should be allowed to go bankrupt period.
A dangerous game is being played when you prop up failure.
Don't be long in the tooth Gloomers...
12,922.32 +116.93 (0.91%) Real-time: 10:43AM EDT
You do realize, of course, that in order to 'soar' back up towards it had once been a few weeks ago, it first had to descend below that point.
I remember a Dow above 14,000. I'd like to see that again.
The auto industry would not have died; it would have become more efficient, as less efficient bankrupt companies left they industry as they should have; and the demand for autos would simply have gone to successful auto companies that remained; increasing their production and employee payrolls.You know not of what you speak. Letting the auto industry die and housing hit bottom would have been catastrophic.
Why do you hate American workers and American car companies?The auto industry would not have died; it would have become more efficient, as less efficient bankrupt companies left they industry as they should have; and the demand for autos would simply have gone to successful auto companies that remained; increasing their production and employee payrolls.
GM and Chrysler would have been broken up and sold off to those remaining automakers for supplying the demand that formerly went to the failed companies.
Our reinvention of capitalism as rewarding failure had now become the rule, under the excuse, naturally of saving jobs.
And the whole thing was an excuse to give GM to the labor unions.
And if GM is so successful how come it's stock price is down over 30% since it was issued? GM is now counting as profit cars delivered to dealers but not sold to anyone.That is the kind of crap that caused them to fail in the first place.
And that;s what we've turned our economy into, it will cost everybody their jobs if it continues. See you in the rice fields.
There are plenty of Americans employed in good paying jobs at Toyota, VW, BMW. etc.Why do you hate American workers and American car companies?
On January 22, 2009, an elderly man appeared at the White House gate. He said to the Marine on duty, "I want to see President Bush!" The Marine sergeant told him: "Sir, Mr. Bush is no longer the President." And the elderly man walked away.
The next day, the same elderly man appeared at the White House gate again. And he again said, "I want to see President Bush!" The sergeant, annoyed, said, "Sir! Mr. Bush is no longer the President!!" And again the elderly man walked away.
Next day, on January 24, 2009, the same elderly man appeared for the third time at the White House gate, and said, "I want to see President Bush!" And the same sergeant this time says, "Sir, I have told you twice already that George W. Bush is no longer the President of the United States!!"
And the elderly man says, "Oh, I know. I just love hearing it!"
And the Marine sergeant gives the man a crisp salute.