How long till the next bailout? Yes, it saved jobs this time, but when you make cars that are routinely the poster childs of least reliable cars, it's only a matter of time before their business goes under (again). Profitability is one thing, but when you continue to make products that are of lower quality or have a reputation of lower quality your business prospects aren't very bright. How many owners has Chrysler had in the past 10 years. The Germans didn't want it. The Americans didn't want it. Now the Italians have it. How long before the Italians don't want it?
You're generalizing a lot, and overlooking some facts. They are making models that are selling well and are not inferior. At least they didn't have the Explorer that wound up killing a lot of people.:o They didn't make cars that accelerated to doom like Toyota.:o Daimler-Benz wanted Chrysler, they even incorporated Mercedes design into some Chrysler cars. They just didn't manage it very well. You're right. They are making some models that are selling relatively well. I didn't say they weren't. They're also making vehicles that have some of the lowest reliability ratings in the industry. Passing the buck the Daimler-Benz doesn't mean much. Still, while most companies in the industry are moving toward smaller, more efficent vehicles, Chrysler is pushing gas guzzlers again. What do their commercials have? The Durango, Charger, Challenger, 300? Firestone tires caused Explorers to turn over. Yes, Toyota have acceleration problems, but both companies weathered the storm. Could you imagine if that happend to Chrysler?EsYuGee's forum posts
[QUOTE="EsYuGee"]
[QUOTE="CaveJohnson1"]I don't exactly need to have magic powers, just a computer and I can look at quarterly profit for the company. Seriously it's not hard, if you need help with this just ask.
And you just rattle on about how I don't understand economics without explaining how. I'm not an expert on it, but the tax payers being paid back, the government making money in taxes, the michigan economy having hundreds of thousands of jobs saved, that all sounds like good things.
Like I said, you have to have your head in one of those holes you've been busy digging because it's really clear that michigan is in trouble, and you act like other businesses will fill the hole left by chrysler, but that's unrealilistic, what is realilistic is a mass immigration out of the state for economic reasons, 15% unemployment is already pretty bad, and I don't know why you would want to make it worse.
I can see where people outside this state have doubts, questioning whether the money would be paid back is the big thing, which it has been, but living in this state, I can't believe you don't see how this wouldn't devestate the economy, even from a selfish standpoint, if chrysler goes under there's a good chance you would lose your job, and if you aren't employed it would make it harder to find one. I really think you're lying about living in michigan for that reason, you seem to be fighting against common sense there. No matter who you are or what you do, you will be affected negatively. It's like you just want things to go bad, you don't want a company to pay people, you don't care if the company pays back it's loan, you don't care that it generates alot of taxes for the state, and you don't care about the millions of lives that would be hurt really badly by this, you just don't seem to care.
We should have let them Fail. Go Bankrupt. Break them up. Sell there assets. . . . Back in 1979. When they had their FIRST BAILOUT.How long till the next bailout? Yes, it saved jobs this time, but when you make cars that are routinely the poster childs of least reliable cars, it's only a matter of time before their business goes under (again). Profitability is one thing, but when you continue to make products that are of lower quality or have a reputation of lower quality your business prospects aren't very bright. How many owners has Chrysler had in the past 10 years. The Germans didn't want it. The Americans didn't want it. Now the Italians have it. How long before the Italians don't want it?
The Auto industry is one on of the biggest industries in the U.S. You want to see what a depression looks like? Get rid of the auto industry. You want to see what extremely high unemployment looks like? Get rid of the auto industry. You want to see what a lower standard of living in the U.S. looks like? Get rid of the auto industry. There is NO viable reason to let an industry that big fail. As much as I hate the term, the big 3 are too big to fail. I don't think people understand how important the auto industry is to the U.S. economy. Um. . . No. Chrysler is not "The Auto Intustry." It's the Black Sheep of the Big 3. Bail out GM? Sure. Bail out Ford? Oh wait, they ran a viable company. Bail out a company (twice) only to later sell it to a foreing entity over which we have no control. Um. . . No.Good for Wisconsin. While I support what unions are supposed to be on paper, this is an example of them taking advantage of their position. I hope teachers are still going to be able to earn a decent living wage even though they have limited bargaining rights.
That being said, the same abuse is possible of the state government and politicians. As they get more powerful theyWILL abuse the little guy.
[QUOTE="SpartanMSU"]
[QUOTE="Ace6301"] Technically. One worked though and the other would have lead to the loss of thousands of jobs. I think you can see which ideology is superior. Nice try though. Also are you seriously saying that these automotive companies are as worthwhile as a "hole digging company"? Dear god man, I've seen many examples of poor understanding of how the economy works here on OT but no. Just...just no.CaveJohnson1
One worked? Can I see your crystal ball? Can you see the unseen consquences? My god, your must have some astonishing magical powers.
It was analogy made in order for you to get an understanding of basic economics, which obviously went way over your head, because it's clear you still don't understand it.
It's pretty clear you don't have a basic understanding of economics or different schools of economic thought.
I don't exactly need to have magic powers, just a computer and I can look at quarterly profit for the company. Seriously it's not hard, if you need help with this just ask.And you just rattle on about how I don't understand economics without explaining how. I'm not an expert on it, but the tax payers being paid back, the government making money in taxes, the michigan economy having hundreds of thousands of jobs saved, that all sounds like good things.
Like I said, you have to have your head in one of those holes you've been busy digging because it's really clear that michigan is in trouble, and you act like other businesses will fill the hole left by chrysler, but that's unrealilistic, what is realilistic is a mass immigration out of the state for economic reasons, 15% unemployment is already pretty bad, and I don't know why you would want to make it worse.
I can see where people outside this state have doubts, questioning whether the money would be paid back is the big thing, which it has been, but living in this state, I can't believe you don't see how this wouldn't devestate the economy, even from a selfish standpoint, if chrysler goes under there's a good chance you would lose your job, and if you aren't employed it would make it harder to find one. I really think you're lying about living in michigan for that reason, you seem to be fighting against common sense there. No matter who you are or what you do, you will be affected negatively. It's like you just want things to go bad, you don't want a company to pay people, you don't care if the company pays back it's loan, you don't care that it generates alot of taxes for the state, and you don't care about the millions of lives that would be hurt really badly by this, you just don't seem to care.
We should have let them Fail. Go Bankrupt. Break them up. Sell there assets. . . . Back in 1979. When they had their FIRST BAILOUT.How long till the next bailout? Yes, it saved jobs this time, but when you make cars that are routinely the poster childs of least reliable cars, it's only a matter of time before their business goes under (again). Profitability is one thing, but when you continue to make products that are of lower quality or have a reputation of lower quality your business prospects aren't very bright. How many owners has Chrysler had in the past 10 years. The Germans didn't want it. The Americans didn't want it. Now the Italians have it. How long before the Italians don't want it?
[QUOTE="BMD004"]
[QUOTE="CaveJohnson1"]Car companies produce a product, and indirectly are helping to employ hundreds others of other people indirectly.
If they are having a hard time selling their crappy product, then they SHOULD fail. Why would you want to keep an inefficient company around? Look, the demand for vehicles isn't going to go away if Chrysler bit the dust. Other companies would pick up the slack, and in order to do so, they'd have to hire more workers.They'd hire the more efficient, skilled workers and managers, and the crappy workers and managers would get weeded out. This reallocation is what helps economies grow. Bailing out inefficient companies hurts everybody in the long-run.
They DID turn themselves around though, they're turning a profit and paying back the money they owed, that is efficientcy. They turned a profit, but for how long? This ISN'T the first time the gov't had to bail out Chrysler. Chrysler lasted for 30 years until needing another bailout. How long till the next one?[QUOTE="scorch-62"][QUOTE="Chutebox"] So he can come here and complain. And O'Reilly reported on it.ChuteboxO'Reilly's a reporter now? Oh I'm sorry, I didn't realize it had to be a "reporter" to satisfy the liberals on this forum. And he was talking with a reporter and someone who has been following the news. Yes, your right. Bill O'reilly did some damage control where he talked to someone from the conservative Heritage Foundation. He was defending News Corp (and wrongfully said that no one from the US arm of the business was implicated), but that's expected. They have more important things to do though, like cover the Casey Anthony situation.
It does. It's called Al Jazeera.
Generally, I find BBC, CNN, etc. cover Europe, NA, and a bit ofAsia.Al Jazeera covers everyone else plus the ones I mentioned before. They generally give the third world more coverage. I usually check them to see what's really going on in other parts of the world.
Need I say more?
"Mmmm. That's a tasty burger."
BAM! "Oh I'm sorry did I break your concentration?'
"Say what again. I dare yah! I double dare yah Mother f***er!"
"Does he look... Like a b**ch"
Man, quoting that move is like walking a minefield with the mods:o
" Say hello to my little friend! BOOM" : Scarface.
Someone had to say it:D.
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