http://www.nytimes.com/2008/08/29/business/29lutz.html?_r=1&oref=slogin
General Motors admits it can't compete in the free market, asks for welfare handout from the government.
created by charlatan on Aug 29, 2008 at 05:05:11 pm Comments: 7
Comments ... #
The sad thing is the people responsible for the bad decisions aren't the ones who will suffer. The big shots who kept making fuel inefficient vehicles will, at worst, get a golden parachute. The little guys, the workers, who just do what they are told will be the ones losing their jobs.
Like what happened when the govt. bailed Chrysler/Jeep out?
posted by CharlieA-Z on Aug 30, 2008 at 11:53:43 am #
Pssst, Chrysler got the loan guarantees well before they even owned Jeep. As a matter of fact, they may have even finished paying them back before then.
No American auto company has competed in a free market during its history. The auto industry is a great example of how dysfunctional socialism is.
How sad. After being decimated by fixed labor markets it now runs to the government for help - kind of like a battered wife running to a pimp.
Simple really - study the market, and "supply" a product that the market "demands".
OR put out a thoroughly shitty product, but trick America into thinking it's everything you need, a la - Harley Davidson.
Either way, if you reward corporations or individuals for non performance, you'll continue to be financially drained, and they'll continue the non-performance.
Pssssssssst-bailouts are bailouts!
posted by CharlieA-Z on Sep 01, 2008 at 03:35:16 pm #
http://www.clusterstock.com/2008/8/general-motors-gm-we-deserve-a-bailout-too
posted by charlatan on Aug 29, 2008 at 05:05:49 pm #