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(sarcasm on)Why cry over spilt milk? they'll just print some more $$$ to cover it all. And after all, we've got the rest of our lives(and our great grandchildren's lives for that matter) to pay it all back.
So relax, go take in a movie, just be sure to wear your surgical mask in the theater, and take your Tamiflu before you go.(sarcasm off)
Sarcasm aside, that pretty well sums up what a friend of mine said to me this afternoon when I mentioned this to him. I think people are just burning out on the whole scenario. They are tuning out to the old news(economy) and tuning in to the latest "crisis"(pig flu), and have decided to just look to escapism as the fix to it all....."There's nothing you can do about any of it, so just turn off the news, it's making you crazy" was his parting shot. Maybe he has a point?
I'm screaming pretty loud today after finding out Chrysler is going through bankruptcy and the American tax payer is going to have to pay back the cash Obama and the democrats gave away. Talk about stupid moves.
So we gave them money like 2 or 3 times..each time they came back with their hand out and no plan.
Stupid, stupid, stupid. All these bailouts are rewarding the stupid companies while the good solid companies lose customers, employees, the business themselves because of the fallout of the bad companies and our government wants to keep them alive ?
I shake my head and wonder...America has become so corrupt.
The government is going to providing "debtor-in-prison" financing anyways.
Anyhow, the timing was really bad when Chrysler/GM first asked for money. What happens in an economy has a lot to do with psychology and allowing this companies to go bankrupt they could have caused a lot of panic that ended up costing fair more, in fact the entire financial system could have collapsed. But now things have had time to adjust and institutions have had time to hedge against a bankruptcy.
I always find it a bit funny when people mouth off about "oh just liquidate them, etc" because its obvious that they do not understand the ramifications of doing that.
The government is going to providing "debtor-in-prison" financing anyways.
Anyhow, the timing was really bad when Chrysler/GM first asked for money. What happens in an economy has a lot to do with psychology and allowing this companies to go bankrupt they could have caused a lot of panic that ended up costing fair more, in fact the entire financial system could have collapsed. But now things have had time to adjust and institutions have had time to hedge against a bankruptcy.
I always find it a bit funny when people mouth off about "oh just liquidate them, etc" because its obvious that they do not understand the ramifications of doing that.
Ok, so now that the hype is over... can we liquidate them (ie, all the inefficient, over leveraged companies, banks, etc.)? in some orderly bankruptcies instead of propping them up until govco over leverages itself and taxes the populace?
By weeding out those who are over leveraged, inefficient, and letting them fail, that would bring abouts more competition and thus capital will seek out those best suited for a new economy less based on credit and more on productive resources.
I could almost guarantee you if some of the big boys dissipate, a lot of new competitors perhaps smaller but more of them would pop up. It's a power vacuum ... and if there's a need for that service or product, it will be filled.
Perhaps with Crysler, or GM, or some other company gone... we'd probably see alt-energy vehicles on the road sooner.
Ok, so now that the hype is over... can we liquidate them (ie, all the inefficient, over leveraged companies, banks, etc.)? in some orderly bankruptcies instead of propping them up until govco over leverages itself and taxes the populace?
By weeding out those who are over leveraged, inefficient, and letting them fail, that would bring abouts more competition and thus capital will seek out those best suited for a new economy less based on credit and more on productive resources.
I could almost guarantee you if some of the big boys dissipate, a lot of new competitors perhaps smaller but more of them would pop up. It's a power vacuum ... and if there's a need for that service or product, it will be filled.
Perhaps with Crysler, or GM, or some other company gone... we'd probably see alt-energy vehicles on the road sooner.
This is not a recent development. I'm just about ready to celebrate the big 6 oh, and america has been corrupt for as long as my memory goes back. As long as we-the-people allow america to be a country OF the corporation, BY the corporation, and FOR the corporation, we-the-people will alway be second class citizens, an after thought to the corruption in Washington.
This is not a recent development. I'm just about ready to celebrate the big 6 oh, and america has been corrupt for as long as my memory goes back. As long as we-the-people allow america to be a country OF the corporation, BY the corporation, and FOR the corporation, we-the-people will alway be second class citizens, an after thought to the corruption in Washington.
True... the US and for that matter any Country is for the mega corps and will always be corrupt.
But, there is nothing stopping US from creating/building our own Corporations that are better, more efficient, less bloated, innovative, more socially conscious as the old guards crumble from their own weight.
I actually see a lot of opportunities cropping up as the old guards are faltering.
-chuck22b
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instead of propping them up until govco over leverages itself and taxes the populace?
