Henry Ford: "Failure is simply the opportunity to begin again, this time more intelligently". Henry Ford, unlike Obama and Bush, looked on failure as a lesson of how not to do stuff; hence, it shou...
Henry Ford: "Failure is simply the opportunity to begin again, this time more intelligently". Henry Ford, unlike Obama and Bush, looked on failure as a lesson of how not to do stuff; hence, it should not be rewarded. Is that not commonsense, and if it is, then where is it today? Has commonsense died, never to return again? For the sake of my country, I hope not.
I'm sorry to keep dwelling on this commonsense theme, but this bailout is the epitome of un-commonsense; it tops the cake. Somebody, anybody, please explain to my how this can end up being anything else but bad for our country? If you reward failure, then all that you should expect in return, is more failure. Am I not right?
If you were to reward your children every time that they failed, then how would you expect your children to respond? I think the answer is so obvious that it need not to be said. If you can't figure it out on your own, then you are a perfect candidate to vote for Obama in 2012. The problem is that these Obama voters are going to take us down with them; a lowering tide lowers all ships.
Now don't for a minute think that I am just blaming Obama for this, because I am not. As you all should remember, it was King George who started it, not Obama. Can anyone please tell me the legislation that granted our humble executives in the White House the authority to bailout the auto industry? I'll tell you right now that you can't, because there was none. Well that is not exactly true, there was legislation, but it failed! But I guess that doesn't matter anymore, does it?
After the Senate blocked the legislation that was asked for by the Bush Administration to bailout the Auto industry, Bush simply told the Senators to go screw themselves; he would do it on his own. He used the money from the TARP fund, which was the money congress authorized to bailout the banks, not the Auto industry. Where has the rule of law gone, and does anyone even care? I guess not, because we barely heard a peep out of the Democrats or the Republicans. So what about the media? Where were they? I'll tell you where they were. They were first in bed with the auto unions during Bush, and then they were in bed with Obama, where they still are.
I believe that we need to march on Washington, at least five million of us. We need to, in the words of Glenn Beck, surround the city and not let any of those dirt bags out until they have cleaned up their mess, and given us back our Republic. jbranstetter04
What is the best path to prosperity?
Bit by bit, American companies and investors are discovering the path to prosperity does not lie with government bailout or subsidies but within the entrepreneurial energies and abilities of their own workforces. Companies face many challenges and uncertainties in an uncertain economy, but we are slowly beginning to see that those companies that have been unwilling accept government bailouts are starting to prosper. Investors cheered last week when Ford Motor Corporation demonstrated "surprisingly strong quarter and better-than-expected economic data." Ford, of course, wisely refused additional government bailout money and support, choosing instead to rely on their own abilities and creative energy to survive a vicious downturn in the economy. Fords' two big competitors, GM and Chrysler, face insolvency and Chapter 11. More telling, still, is the fact that both GM and Chrysler actively sought additional, government bailout and assistance. Perhaps this increasing reliance on government subsidies, also unknowingly, allowed Washington to become increasingly intrusive in operations, dictating the kinds of cars to be made, plants to be closed, employees' salaries, and, in the case of GM, even replacing the CEO. No doubt, the helping hand that GM and Chrysler expected has turned into a nightmare. Ford's decision to go it alone, and refuse government bailouts has led to a sharply higher stock price (up some 200% in last 60 days), and the company is poised to grow and take additional market share from other automakers. Ford Motor Corp. probably harkened back to their founder, the inimitable Henry Ford, who said: "The best we can do is size up the chances, calculate the risks involved, estimate our ability to deal with them, and then make our plans with confidence. Failure is the opportunity to begin again more intelligently. Whether you think you can or think you can't, you're right." Smart guy, Henry Ford... http://www.federalnewsradio.com/?nid=...
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So why didn't Bush just let the banks fail? Is that not regarded as Socialism? He didn't because it was felt that to do so would be disasterous. The same reason behind Obama's bailout of the motor industry. Whether he was right to do so or not is another question; but don't act like it is unprecedented and a new departure for America.
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I did say that half a year ago so maybe you should reply to more recent comments.
Is that not regarded as Socialism?
He didn't because it was felt that to do so would be disasterous.
The same reason behind Obama's bailout of the motor industry.
Whether he was right to do so or not is another question; but don't act like it is unprecedented and a new departure for America.