CruelNUnsual -> RE: Should Government Subsidize The News? (5/8/2009 8:28:56 PM)
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ORIGINAL: Politesub53 quote:
ORIGINAL: CruelNUnsual If you think that is as far as they will go, good luck. Obama is running GM, wants to run Chrysler. The government wont take back TARP money from banks that object to the controls that the government is now trying to force on them. Whether its through the tax code or legislation, this administration wants the power to run anything they see fit to run. Two points, one you are wrong, Obama doesnt want to run Chrysler, he has given them 30 days to do a deal, or he will stop the funding. The following was a staement he made, no doubt you will say he is a liar. quote:
In an address from the White House, Mr Obama said his administration had "no intention" of running GM, and said that "these companies - and this industry - must ultimately stand on their own, not as wards of the state". Secondly, what would you have done differently to avoid the collapse of the motor industry ? He said he didnt want to run GM either and then fired the CEO. He doesnt want to run Chrysler but he pays back the union by giving them 55% of the company. Yes, he is a liar, and he's proven it several times when his actions don't match his rhetoric. As opposed to claims of Bush lying when his actions and words were totally consistent and there hasn't been a single shred of evidence that he didnt believe what he was saying. I would have done several things differently: First, no bail out. Bankruptcy procedures would break the stranglehold the UAW has and the business could sort itself out. The industry wouldnt collapse, it would streamline. Second, level the playing field in international trade. Either other countries reduce tariffs on our exports, or we raise tariffs on their cars coming in to the same level. Third, modify CAFE standards so that they actually do what they are intended to do...increase fuel efficiency. Instead they penalize the auto companies for consumer choices for the larger (and safer) cars in a given companies fleet. Fourth, standardize emissions standards from state to state so special manufacturing/parts to meet different CARB/non-CARB standards isnt needed.
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