Don't Bailout Car Companies

In my opinion, car companies shouldn't be bailed out by the Government. They are private industry and I feel they should be auctioned off. Their are people who can afford to buy them, such as Bill Gates and others listed as the richest people in America. Employees would still have their jobs and our Country will not be in a greater deficit.

Category:

News & Politics

Tags:

• Don't
• bailout
• car
• companies

[KrunchyJD]

Taxes DONT fund spending as such, thats a myth put out by the discredited economists such as Friedman..

[mia0899cs]

@KrunchyJD I have to agree with you.

[KrunchyJD]

The other comment I will make, I know is controversial, but it is this (and it is backed by economists with over 15 years experience).

There is a big difference between soverign debt, and non government debt. Much of the problem for America lies in its massive Private sector debt. The governments debt is not a problem in a recession because quantitive easing is non inflationary in a depressed economy. In a depressed economy you can afford to fund Hospitals AND bailouts.

[mia0899cs]

@KrunchyJD Interesting comment and I don't really know the difference between the sovereign debt and non gov't debt. Now, the $800 bill economic stimulus package is borrowed money from the Federal Reserve Bank which is owned by the wealthiest families in the world. We do have to pay that back with interest. It didn't really stimulate the economy. Maybe, when it comes to infrastructures jobs were created there. I saw an airport in Alaska, which received a few mill and no one uses it really.

[mia0899cs]

@azrial4421 No.

[azrial4421]

@mia0899cs R u a dancer?

[mia0899cs]

@azrial4421 I never owned an American car either because the engines blew up before they were paid off. It's very sad. I have a Hyundai Tiburon which I bought new and I problems with my clutch 3 times and the American service dept. couldn't figure it out. Pathetic!

[KrunchyJD]

Oil use also mostly funds countries that either treat their inhabitants like crap, or support (directly/ indirectly) terrorism!

In Saudi Arabia for example they execute women for adultery, and that is where you get much of your oil from, BL was also a Saudi resident, and a relative to the royal family there.

As I said earlier, you should be seriously curbing your addiction to cheap oil, and be starting RIGHT NOW!

[KrunchyJD]

What the govt should be doing in the US is SPENDING money building a world class nation wide electric passenger train service! Massive employment, plus a transport system for the public to use when oil becomes more expensive, which it will.

The problem for the US is not the govt's debt, but rather the fact that you are burning up your resources to fast. Resources that are required for growth, plus wrecking the planet!

[KrunchyJD]

The US additction to cars is a problem, but I can see why the president did bail out the car companies, even though I dont agree with it. I think he was rightly worried about the unemployment that would follow if he didnt. FDR had the New Deal, which he did to generate jobs as a result of the great depression.

It is not over for the US, but the US must get rid of its addiction to oil, because its at or close to peak, and must get personal debt under control, produce stuff, and have some hope.

[KrunchyJD]

I know you may find this hard to believe, but your President is actually doing the right thing. Without creating a Large budget defecit your economy would be FAR WORSE THEN IT IS!

America's problem is the skyrocketing personal debt levels.

I am not sure that your reserve is OWNED by the wealthiest families in the world..

My understanding is that governments DONT borrow from the reserve, anyway! The reserve's main function is to set interest rates.

[KrunchyJD]

With a depressed economy, governments can simply create more spending, without the need to borrow the money. They cant do this if the economy is good because you will get inflation. The govt so called debt is the soverign debt. The big problem in the US is that the Non govt debt is huge, thats the elephant in the room. The governments money is soverign because you cant use it as currency in any other country. US currency like almost all currency is NOT backed by anything, as such.