Come on USMB: Do you really want the economy to "fail"?

Discussion in 'Economy' started by rdean, Nov 24, 2010.

  1. rdean
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    rdean rddean

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    I'm looking at all the good news from the Auto Industry and I'm amazed that Republicans did everything they could to make sure that industry was destroyed, even though that would mean all the millions of Americans that would be unemployed.

    Not just the companies, but the suppliers. Even Chrysler, it's suppliers wouldn't have managed to stay in business with Ford and GM gone. It's possible with no reliable suppliers, Honda and foreign companies might have stopped production, not to mention the fact that with so many people out of work, no one could buy cars anyway.

    Then there would be all the industries supplying raw materials. And all the local business. Everything from donut shops to malls. It all would have been gone.

    Then, without any revenue, teachers, police, firefighters, and all the other people that are needed to keep a community going would have been laid off.

    Remember, this was the Republican agenda. Let the Auto Industries fail.

    GM just repaid another 11 billion which drops the governments share from 60% to 30%.

    Kokomo had an unemployment rate of 20% and now it's 12%. That's an 8% drop.

    Chrysler is proposing a 2 billion dollar upgrade investment with 600 million going to Illinois.

    http://www.autonews.com/apps/pbcs.dll/article?AID=/20101124/OEM/101129945/1137

    Come on USMB. Be honest. If Obama hadn't saved the auto industry, where would our economy be? Let's see how honest you can be. And if you feel we should be in a major depression, please explain why.
     
  2. Quantum Windbag
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    Quantum Windbag Gold Member

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    No.

    The agenda was to let the bankruptcy proceed legally, and not to toss secured creditors, like the many pension funds that lost money, and the middle class that depends on, be tossed aside in favor of politically powerful unions.
     
  3. rdean
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    rdean rddean

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    I hate to break the news to you, but the membership of those "unions" is made up of those "middle class" workers. Obviously, you don't belong to one.

    Notice how you just said some bullshit without a link and some evidence? Just pulled out of thin air. As if it's "common knowledge", but without bothering to collect any "facts"?

    The obvious question, with all those jobs gone, what would come next. "Something else"? Is that right wing plan? "Something else"?
     
  4. Quantum Windbag
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    Quantum Windbag Gold Member

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    And the leadership of the unions are scamming them of their pension money, just like they scammed the unions that invested in GM and Chrysler. Politically connected unions took advantage of their power, and middle class workers suffered as a result. Why is it that you think the Democrats care more about the middle class than the Republicans when they continually display their willingness to ignore them in favor of votes?

    I forgot you live in an alternate universe. Over here the Indiana State Pension fund getting screwed is common knowledge. Lots of teachers lost their retirement, even though bankruptcy law normally gives preference to secured creditors, not the unsecured creditors that got favorable, and illegal, treatment.

    Retirees, Taxpayers Ripped Off to Subsidize UAW|OpenMarket.org

    Since auto workers make anywhere from $58,000 to $83,000 an hour, depending on how you count their benefits, and teachers in Illinois make about half of that, i can see why Obama preferred to support the UAW, they have more money.
     
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  5. william the wie
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    william the wie Gold Member

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    Defending the GM bailout corruption scandal has got to be an all time low. Steal from the poor and give to the rich while claiming to do the opposite that's the Democratic ticket.
     
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  6. code1211
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    code1211 Senior Member

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    Jobs can continue to exist even if they are not union jobs. These jobs would have continued to exist, but the wage rates would have been reduced to the wage rates prevelant in the USA based Auto Manufacturing companies that don't have American name plates.

    Do you intentionally blind yourself to reality or are you just subject to some impairment?

    By artificially inflating the wage rates of the GM workers over the wage rates of those same jobs at Toyota, Suburu, Honda and Isuza, we are dooming the workers at GM to a death spiral like the one they were just bailed out of.

    Do you think the GM failed due to a magic spell or that maybe good or bad business practices had some impact on the outcomes?
     
  7. Liberty
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    Liberty Silver Member

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    QB rocked rdean's world. well done.
     
  8. loosecannon
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    loosecannon Senior Member

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    You are talking to rdean! He's like the Silly Rabbi facing west, not east.
     
  9. Revere
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    Revere BANNED

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    Sorry. More and more government on the backs of fewer and fewer private sector jobs is doomed.
     
  10. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Liberalism is a mental disorder and Rdean should have a car with handicapped plates on it.
     

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