Republicans: Not our fault

Discussion in 'Economy' started by Ravi, Dec 12, 2008.

  1. Ravi
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    Ravi Diamond Member

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    http://www.nytimes.com/2008/12/12/business/12auto.html?scp=2&sq=senate gop&st=cse

    Actually, it is in large part Congress's fault. I have my doubts that the auto companies would be in financial trouble if the economy wasn't in such bad shape. And the reason the economy is in such bad shape has a lot to do with policies and lack of regulation on the part of Congress.
     
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  2. mightypeon
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    mightypeon Active Member

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    To quote the leader of the German left party:
    "Of course, Capitalists do not understand how the free market works. If they would they would be marxists."
     
  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Actually most of the blame falls on the Federal Reserve.
     
  4. Ravi
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    Ravi Diamond Member

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    Good quote.

    We lent money to the airlines after 9/11 when everyone was afraid to fly, to keep them afloat until people were more confident. I can't see any difference now. We should lend money to the car companies to keep them afloat until people are more confident.

    Unless McConnell's underlying message is that the economy will not improve.
     
  5. editec
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    editec Mr. Forgot-it-All

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    My laugh out loud moment of the day.

    NOBODY knows how a free capitalist makret works because such a beastie is an impossible as a functional communist economy.
     
  6. KGB
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    KGB VIP Member

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    the airlines had an incident beyond their control occur to them....the automakers have self inflicted their own wounds....not even in the same ballpark.....
     
  7. Ravi
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    Ravi Diamond Member

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    The automakers did not make the economy fail.
     
  8. del
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    del BANNED

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    and the economy didn't make the automakers build shitty products.
     
  9. WillowTree
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    WillowTree Diamond Member

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    nope,, but they were in trouble long before the economy failed.. tell me if I'm wrong,,


    they produced cars that could not compete with their competitors ,, they cost too much to produce and did not have the quality.. hence people bought cheaper more reliable automobiles,,
     
  10. Ravi
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    Ravi Diamond Member

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    No, and from what I understand they were actually making a profit and out-performing their Asian competitors of late.
     

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