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Question of the Day - Consumer Behavior

Let me get this straight:

- You won't but GM/Ford/Chrysler stock?
- You won't buy their cars?

But you want to see "The Government" give a big pile of your tax dollars to them?

Question of the Day:

A) Does it ever occur to you that when you are taxed, when the government confiscates your money that you earned for whatever you did to convert your own labor into cash, that this is where its going?

B) Oh, so you dont get taxed? Does it occur to you that what ever tax money there is that is confiscated from other people, that isnt going to fill potholes but instead to make cars that no one wants, built by a company that no one wants to own stock in?

Extra Credit: If Taxpayers are having their taxes used to fund corporate bailouts, then shouldnt taxpayers get stock certificates in the companies they bailed out? If I buy savings bonds, I get something I can redeem later, why not do something similar with the business bailouts?

Posted @ November 11, 2008 12:04 PM | Current Affairs

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Comments

My question is why should we bail them out until their ridiculously uncompetitive cost structure (union labor costs and retiree medical, etc.) is trimmed such that they have a chance of competing with the other US plants run by Toyota, Honda, BMW, Hyundai, etc. The same problem exists for auto suppliers.

If they were bailed out now, without any changes to how they do business, they'll just fail again a few years from now - get the bleeding done once now and move forward.

Posted by: Dr. Bob at November 11, 2008 08:24 PM

We shouldn't be bailing out AIG, any bank, or any investment firm, either.

Posted by: _Jon at November 12, 2008 05:48 AM

This begs a bigger question: How many people in the US Workforce are we willing to become unemployed? 25%, 40%, 60%? What happens to the remaining employed 75%, 60% or 40%?

We know historically what happened in the GREAT DEPRESSION, what we DON'T KNOW is what will happen in a MUCH GREATER DEPRESSION. Whatever problem we are experiencing in the US, will be multiplied with other Nations. Their economies are not as robust as ours.

What will happen under these conditions we don't know!! Do we want to play Russian Roulette? Because to me that's where this financial mess is heading.

The worst thing that can happen is if the US Dollar becomes worthless!!

Posted by: Paul at November 12, 2008 07:27 PM

> If they were bailed out now, without any changes to how they do business,

Don't worry, Obama plans extensive changes to the way they do business. Nary a one will actually improve the economic situation any are in, but, hey, the media won't tell you that part.

Posted by: Vootie at November 12, 2008 08:04 PM