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Socialism: Our tax dollars at work!

Discussion in 'U.S. Politics' started by Andy, Dec 30, 2008.

  1. Andy

    Andy Well-Known Member

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    Ok, let's think this through...

    What was the sub-prime blowout all about? It was banks making loans to people who didn't qualify, and could not pay them back.

    Ok so GMAC gets into trouble because they were loaning money to people who could not afford to pay, which defaulted.

    So now GMAC gets a cool $5 Billion from the tax payers, handed out freely by our elected officials, and what's their plan now?

    Resume making loans to people who can't afford them! What a great plan! Accept now, it our tax money they are losing, not their own.

    Yay socialism! Yay USSA! :D We are brilliant!
     
  2. Lagboltz

    Lagboltz Well-Known Member

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    Get ready for a lot of used cars for sale by GM. It's much easier to repo a car than a house. It looks like that is what GM will be doing when people keep buying things on credit that they can't afford.

    Some people consider the bailout as socialism. But widening the credit line too far seems to be more like foolishly risky capitalism than socialism.
     
  3. Andy

    Andy Well-Known Member

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    If it's controlled and funded by Government... if it would not have happened if government didn't cause it...

    It's socialism.

    If GM was risking it's own money, it would not be doing this. We know that because when it was risking it's own money, they had higher standards for loans.

    But now that the risk is on the government, GM doesn't care. Why should they? It's not their money they'll lose, it's ours.
     
  4. Sihouette

    Sihouette Active Member

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    This may be an aside...but I personally don't like GM products. They're rife with flaws.

    Ford is the only company I'd like to take a risk on reviving. The F-150 can't be beat with a stick. We should just make the F-150 the official american automoblie...:p

    Let them go bankrupt otherwise. They made bad investments in gas hogs thanks to their cohorts: BigOil. Now we're supposed to reward them for depriving us and our nation, collectively, of a superior and competitive product that gets top notch MPG or even the volt-line that they wilfully scrapped in favor of the Hummer..

    You know..in the interest of fairness...I made some bad investments a couple of years ago that put me in a position of possibly bankruptcy..to the tune of 300K. I want Congress to bail me out. Seriously. If they do this for other entities, why am I excluded? That's called descrimination, and is illegal. People depend on my financial solvency to make my little community thrive. If that is the logic for bailing out the car companies, I want that same logic to apply to my situation...for it is exactly the same.

    I'll accept gold, or a cashier's check from B of A, or maybe Wells Fargo..:cool:
     
  5. Segep

    Segep Member

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    I don't think any of the big three can make a decent car and haven't been able to for at least twenty years. Nissan and Toyota trucks beat the crap out of Fords, for reliability and longevity. I have owned and driven all three.

    Well, you're right on the money there. On a personal level, I think they should go bankrupt or disappear entirely. They certainly deserve it. However, I'm concerned about what it would do to the economy in the Midwest and in particular to working families who have for generations worked in their factories. Overall I'm sort of ambivalent about the whole thing.

    haha good luck with that! You need to hire a team of lobbyists and bribe half the Congress first like they did! :D

    In all seriousness, if your community really does depend on your financial solvency, I hope things turn around for you, and soon. :)
     
  6. Andy

    Andy Well-Known Member

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    I think anyone could say that about nearly any company. There were, and are, models that Honda sells for example, that constantly break down. Then there are others that are really good.

    And sometimes, things change over time. Cadillac for example used to be one of the most reliable. Then during the 80s after massive government regulations crunched the car industry, they produced some of the worst crap on the market. Now I'd say they are about par.

    Ford has done a remarkably good job as of late. Although I just... hate trucks so much. Not that I have something against them, but if I don't have some reason to get one, ugh... give me a real car. Two doors, 8 cylinders, 4 wheels, and lots of room. I think my next auto will be a Lincoln Mark VIII.

    As stated before, the "gas hogs" have actually been their profitable business. Further, BigOil doesn't effect what cars GM produces or the EV1 and VOLT, Saturn, Geo, and Chevy Aveo projects would never have been funded.

    The reason the EV1 was scrapped was because it was a money loser. No doubt part of the reason they got into this mess was blowing money on zero-return-on-investment programs like the EV1.

    And the answer is, no we do not reward them for jack. They should not get one single dollar of tax payer money ever.

    Discrimination? Everyone makes judgements. You have judged the oil companies, yes? If you are married, I wager you likely didn't just pick up any random screwed up person. You like discriminated between some that you met, over others.

    Do you not get what politics is about yet? They don't give a crap about you. They care about power and money and votes. You are not going to lobby hundreds of thousands of dollar to senators to keep the bailout coming to "protect Union jobs". Or to keep the plant open, like GMAC might now that they have federal funds. Or the way Fannie and Freddie did to keep regulators off them.

    You are not going to provide them massive control over the industry, the way controlling one of the largest auto manufacturers in the world will.

    You are not going to be looked at like a political move to gain votes, unlike some idiots might vote for some senators because they kept GM open and that prevented a recession (*COUGH*).

    They are not interested in solving problems. Nor are they keen on new technologies. If you do not provide lobbing money, control over a large section of the economy, or can be used as a political football to gain votes...

    your nobody.
     
  7. Segep

    Segep Member

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    There's something I think we can all agree on. That tells me the system is seriously flawed.
     
  8. Mr. Shaman

    Mr. Shaman New Member

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    Oh, the irony.......... :rolleyes:

    You folks, who insisted everyone-else was suspect (in The War Against Terrorism), are the same people who need to be reminded not to run-around, with sharp-objects in-their-hands; i.e. financial-terrorists.

    BTW....that's "Except now, it's our tax money...."

    If you insist on being a spokesman for the "conservative"-agenda, you should probably complete all-12-years of basic-English, first.

    :rolleyes:
     
  9. Mr. Shaman

    Mr. Shaman New Member

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    Whatta great-lesson, for Big Oil. :rolleyes:
     
  10. Mr. Shaman

    Mr. Shaman New Member

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    Ah, yes....the magic of being a Conservative-businessman (3 a: tending or disposed to maintain existing views, conditions, or institutions)!!!

    :rolleyes:
     
  11. Mr. Shaman

    Mr. Shaman New Member

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    Gee.....whatever happened to Allowing The Marketplace To Regulate Itself??????

    Could you "conservatives" possibly have been WRONG, all-this-time?????

    :confused:
     
  12. Segep

    Segep Member

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    *sigh*

    I'm not conservative. Look at my signature for chrissakes.

    I was not referring to markets. I was referring to our "representative" government.
     
  13. Andy

    Andy Well-Known Member

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    It was the regulations requiring subprime loans that brought all this on.
    It was the regulation of Mark-To-Market, a knee-jerk response to Enron, that caused the stock market to crash.

    In short, maybe you should explain whatever happened to "regulations and the federal reserve will fix it all!" claim you socialists have been pushing all this time.

    Could you liberals possibly have been WRONG all this time?
     
  14. Andy

    Andy Well-Known Member

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    Which is why I'm conservative. Politicians can not be trusted. The less power and control and money we give them, the less they can screw everything up.
     
  15. Andy

    Andy Well-Known Member

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    We all know that traditional definitions of liberal and conservative, no longer apply.

    Liberals want to keep things the same. In the video on Fannie and Freddie, who was supporting the "leave it the way it is" theory? Democrats. Who supported more oversight, and changing the status quo? Republicans.

    So were the democrats conservative and the republicans liberal? Of course not.
     
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