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Thread: US Stimulus package

  1. US Stimulus package

    US Stimulus package - Good or bad for the economy? It seems the opinions differ whereever I look.

    So what do you think?

  2. #2
    Vast majority of the spending targets have nothing to do with stimulating the economy... just another episode of hogs lining up at the trough.

    Taxpayers are sheep and Congress has the shears... and if anyone truly believes their tale that spending $Trillions we dont have is gonna do anything but fatten people that already have money and serve as a means to let some limousine liberals put a few pet projects into place under the cover of a stimulus package, well, the faith is misguided but touching.

    The LAST bailout turned out to be the huge freakin waste I said it was gonna be... and Pelosi (who as the Speaker of the House during the last administration screamed and threw a tantrum at Republicans for dragging their feet on that one) is already saying that package was a Bush Administration screwup.

    So when people get elected to Congress, do they have their conscience surgically removed, or do you just have to be born without a soul in order to run?

  3. There is no way that a trillion dollars of pork barrel projects used to pay back campaign contributors is going to do anything positive for the U.S. economy.
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  4. #4
    This stimulus plan is plain BS.
    What happens is just bad decisions made in the past by already richissime people who coudn't care less.
    Let these factories bankrupt. That will give opportunity for others who care...
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  5. So should they let the auto companies collapse?

  6. #6
    Handing tax dollars to the US auto companies that have basically painted their own way into a corner is an idea designed to garner votes, nothing more. Politicians viewed as having "let GM die" are going to get lambasted by the employees that lost jobs, the stockholders that lost money, unions that lost a free lunch, the suppliers that went under in the process, and they'd lose their personal Washington gravy train job.

    OTOH propping up companies that are being robbed from the top by ridiculous executive compensation packages and looted from the bottom by similarly stupid union regs is probably the worst thing to do. It's like the movie "Weekend at Bernies" where the fellows visiting a beach house discover the host is dead so they spend the next few days posing him in lifelike positions so nobody knows it happened. The sumbitch is dead either way, throwing our tax dollars in after the money they're hemorrhaging isnt bright.

    When your computer registry is corrupted do you...

    • A - simply do an op system upgrade
    • B - wipe the hard drive and totally reinstall?

    The answer is "B". The auto companies are corrupted beyond repair. Doing "A" retains most of the errors.

    Yes, let them crumble. There's value there, and someone that has a brain will buy them and rebuild them without the contractual obligations to pay silly sums of money to the assholes at the top that expect their golden parachutes to be honored and having to live by union regs designed to stifle any semblance of a work ethic. They'll rise out of the ashes like a phoenix and be stronger for it.

    What about the stock-holders?
    Fuck 'em. If they'd paid attention theyd have voted out the directors that allowed this to happen.

    Seriously, anyone recall these stockholders offering to donate their profits to the taxpayers when these companies were paying dividends? If not... why in the world should the taxpayers insure their financial well being when they screw up? We are creating a seriously bad precedent if we allow companies to assume that they can take any risks they want and if they make money they can keep it but if they lose they get tax dollars.

    Putting it in perspective
    If I go to a Vegas Roullette wheel and bet everything I own on 31 Red... can I keep the money if I win and ask for reimbursement if I lose?
    Last edited by robjones; 15 February, 2009 at 22:05 PM.

  7. #7
    Quote Originally Posted by robjones View Post
    When your computer registry is corrupted do you...

    • A - simply do an op system upgrade
    • B - wipe the hard drive and totally reinstall?

    The answer is "B". The auto companies are corrupted beyond repair. Doing "A" retains most of the errors.
    I wouldn't exactly wipe it out, I would attempt to repair it first cause wiping should be only used as a last resort. You always try to save something first before destroying it.

    The bailout doesn't seem like the fix it needs. It needs to have all the top execs fired of course and all new people in to give it some change.
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  8. Nobody that the taxpayers hire to replace the "top execs" is going to be able to turn those companies around.

    Those companies are suffering not only from union contracts, but from union philosophies.

    When people have bad ideas in their heads, it is almost impossible to fix them.
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  9. #9
    Quote Originally Posted by DomainMagnate View Post
    So should they let the auto companies collapse?
    Yes. If my little rental business collapse, there will be no bail out for me. Who will care anyway? nobody. The properties will go foreclosure and bought by somebody else with a better plan. That's it.
    If Ford disappear tomorrow, maybe Seat or Fiat or Renault or other will come buy the facilities and re-hire people with healthier methods, with less private jets and parties...That's life...
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  10. #10
    Quote Originally Posted by Codythebest View Post
    Yes. If my little rental business collapse, there will be no bail out for me. Who will care anyway? nobody. The properties will go foreclosure and bought by somebody else with a better plan. That's it.
    If Ford disappear tomorrow, maybe Seat or Fiat or Renault or other will come buy the facilities and re-hire people with healthier methods, with less private jets and parties...That's life...
    I think Kia did that with an old GM plant in Georgia.
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