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Too big to fail, too big to be privately owned
By admin | October 18, 2011
More at therealnews.com Wolff Pt.2: Auto industry affects the whole society, it’s too significant for private ownership
Topics: Hybrid | 25 Comments »
October 18th, 2011 at 5:54 pm
@jwberrie If tax rates are at “all time lows”, then how could the government be so damned big?
October 18th, 2011 at 6:06 pm
@jwberrie Well, that’s what a free market is for. In a free market, there are plenty of providers, and it’s highly unlikely that all of them are too expensive. Wouldn’t a provider go out of business if its prices were too high? No, they want to maximize the number of customers.
October 18th, 2011 at 6:56 pm
@DarthConnis9999 Tax rates have shrunk since Eisenhauer’s administration when some high earners could be taxed at 90%. At this time tax rates are at historical lows.
October 18th, 2011 at 7:46 pm
@jwberrie What, working really hard?
October 18th, 2011 at 8:16 pm
@jwberrie No, “bud”, I think it was the tax system that’s been growing steadily for a lot longer than since 2000.
October 18th, 2011 at 8:28 pm
@DarthConnis9999 That however is only if you want to create wealth for someone else.
October 18th, 2011 at 9:00 pm
@DarthConnis9999 Never mind that it was all this Darwinism in the market during the eight years of the Bush administration that brought the economy to this point, eh bud?
October 18th, 2011 at 9:42 pm
@DarthConnis9999 Not their fault. I’m sure they would prefer to pay only a tiny amount but they have to pay what the provider demands. Therefore it’s the health care provider’s fault that health care costs are so high.
October 18th, 2011 at 10:38 pm
@fletchkoffner I took courses in college comparable to this mythical basic world history class you mention (not sure exactly why you capitalized this) but I learned no such thing. Did you hear this at Liberty University?
October 18th, 2011 at 11:33 pm
@dianarose13 Those high health care cost problems are their own fault. It’s their own responsibility to find adequate health care, since the health care is all about their own health.
October 19th, 2011 at 12:13 am
@nolajefferson Exactly! Darwinism in the market is better than the government “bailing out” failing companies.
October 19th, 2011 at 1:10 am
@randont The only way to create wealth is to WORK YOUR ASS OFF!
October 19th, 2011 at 1:55 am
@dianarose13 You are jumping to conclusions about your opponents’ feelings.
October 19th, 2011 at 2:31 am
…And yet, this guy is suggesting that there should be more government involvement inside of industry management?
October 19th, 2011 at 2:56 am
If a small number of executives are causing the problem by diverting funds for their own use, then it’s likely that many more industries would led by corrupt management. He’s implying that business management in general is corrupt, and requires a harness from the government.
I don’t really know much about economics, but if there is a problem in an industry, than it will be thrown out of business by it’s competitors (because they’re not fit, they don’t survive).
October 19th, 2011 at 3:21 am
1. No I did not restate what you said, read what you wrote.
2. I said nothing about a conspiracy, I said that it has been a lie that the crisis was created by unqualified mortgage holders.
3. No, its not good that people have been relying on home equity.
4. I don’t need to be told by someone like yourself that there are more problems coming.
5. You are obviously suspicious of anyone who has a different opinion than yourself.
October 19th, 2011 at 4:02 am
1. Way to restate what I just said on deregulation.
2. So the sub mortgage crisis is a conspiracy and never happened, ok, lol.
3. Great, good thing they’ve created wealth and are now doing just fine, pfft, lol.
4. Just you wait till the next few bubbles, you ain’t seen nothin yet.
5. I’m starting to suspect you’re the same person posting on several different accounts.
October 19th, 2011 at 4:56 am
sounds like more propaganda to me
October 19th, 2011 at 5:28 am
This is BS. If GM ran its business better they wouldn’t be in trouble. They should have been more focused on producing energy efficient cars. Thats what the people want. And thats why nobody’s buying. Let the cards fall…
October 19th, 2011 at 6:00 am
Then it isn’t DEregulation.
By the way, the story that this crisis is about banks lending to unqualified people is a lie. Lots of people have worked their whole lives and still found themselves unable to pay because of job loss or health care costs that they couldn’t afford.
Also, home equity was the only way most working americans have created any source of wealth for themselves.
The bubble had to burst eventually, and the decline of real wealth for the average american showed itself.
October 19th, 2011 at 6:44 am
I have in no way contradicted myself. There is nothing free about gov’t forcing lenders to lend to the unqualified. Big gov’t doesn’t work. Just because the word is used doesn’t make it so. Example, patriot act (very unpatriotic), north american free trade agreement (managed trade ie free trade for the rich, restricted trade for the rest), etc.
October 19th, 2011 at 6:45 am
Deregulation IS free market capitalism. You’re condradicting yourself.
October 19th, 2011 at 6:51 am
(cont)
I’ll give a few examples. Mortgages: Clinton the bastard, deregulated thereby making it risky, could be sued, for banks to deny sub prime borrowers, under Capitalism the markets regulate themselves. Haliberton, was contracted for the Iraq war, because it was Cheneys company there were no bids, under Capitalism there would have been competition. The BIG one is the bailouts. It was a bailout for the rich, wealth redistribution, Capitalism means the ability to fail. etc etc etc…
October 19th, 2011 at 7:08 am
Another ignoramus down below. Yeah sure 8 years of Capitalism. Try 100+ years up till 1913 when the 17 amendment was passed thereby giving the federal gov’t more power than the state. Since then it has been one folly followed by another. The fact that we’re still functioning is a testament to the strength and brilliance of checks and balances. In the last several decades we’ve added health care, subsidies, and major increase in gov’t intervention in the market.
October 19th, 2011 at 7:35 am
randont,
The US has not almost abandoned capitalism. The US has privatized almost everything.
The far right wing neocon ultra capitalists just had 8 years of capitalism. Capitalism has failed. That is the problem.
In a democracy we would have a mixed economy. Our country is the most capitalistic country in the industrial world, and the workers have no health care and are losing jobs and homes by the millions. Capitalism bails out the rich crooks.
Capitalism sucks!