Are there any right wingers out there who

Discussion in 'Politics' started by Zoom, May 8, 2012.

  1. Zoom
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    Zoom BANNED

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    Are there any right wingers out there who actually think the auto bail out was a bad idea. Or better yet, are there any right wingers out there who actually are saying it didnt work?

    If so, please explain. I dont see how anyone could think this but please, go ahead.

    Left wingers, please join me with thanking the president on making another good call. Thank you sir for not allowing this country to go down the path of another great depression. Wheh, thank God someone not like Bush won and will win again in 2012.
     
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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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  3. auditor0007
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    auditor0007 Gold Member

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    It looks bad on the surface, but there actually is a reason this is happening. GM is becoming a huge force in China and they will eventually sell more cars in China than they do in the US. For the sake of efficiency, they will need to keep those plants in China operating at capacity which will likely lead to excess inventory which needs to be sold somewhere. What would be better though is if they tried to move these excess vehicles in other parts of Asia rather than shipping them back to the US. Either way, the quantities will likely be small.
     
  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Good idea or not you're heaping your praise on the wrong person. The bailouts were Bushes idea.

    As far as it being good or bad haven't you gotten the answer in the last 3 years?

    Christ this diversion shit is getting old.
     
  5. Wacky Quacky
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    Wacky Quacky Silver Member

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    It was a bad idea based on the principle it set. One that says the government can pick winners and losers. And that once your company reaches a certain size the taxpayers will bail you out no matter how stupid your business decisions are. That the american taxpayers are now beholden to the "too big too fail" companies.

    I don't like the thought that GM can gamble the company whenever they want and I'll have to bail them out every time.
     
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  6. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Also,

    I WILL NEVER BUY ANOTHER GM PRODUCT
     
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  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    It looks bad on the surface, because it is bad.

    Wait a minute, you say "GM is becoming a force in China" but notice that's WITHOUT MAKING CARS IN CHINA! They're making them elsewhere. No need to move to China except to exploit the slave labor and give patents to China.

    WE bail out GM, THEY move the jobs to China. Where's the benefit for Americans?

    HINT: There is none.
     
  8. SniperFire
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    SniperFire Senior Member

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    If I gave you $50 billion taxpayer dollars and wiped out your creditors and bondholders, you could probably make a business work for a few years yourself.
     
  9. eflatminor
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    eflatminor Classical Liberal

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    Read Hayek, where you'll find out, in crystal clear detail, why government diverting capital to expenditures that cannot be priced may be helpful to a GM employee, but very, very bad for the country as a whole. Lost opportunity costs, future moral hazards, and the damning precedent of government breaking contracts are among the many reasons why this bailout was a very bad idea. Start with "The Road to Serfdom" and get back to us.
     
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  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Of course it was a bad idea.
     

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