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40074   Tenpoundbass   2013 Dec 9, 9:54pm  

NO they have Socialized medicine.
If we had a "Single payer" it would be nothing more than a Monopoly that would be free to charge at will while they enjoy a protected market without any competition.

Besides that it was always called "Socialized Medicine". Fuck if you even try to read the Wiki article on "Single Payer" the definition is all over the place, only written to project what other countries have with out actually giving us a "Socialized Medicine".

So basically a Single payer is ...

The Government assuming the role of Bluecross and Blueshield, with private contractors making all of the administrative calls.
Our implementation would come loaded with premiums, copays an all of the other hidden cost scheme, that comes with Insurance.

Here's one shoe fits all legal definition that our policy makers are using to sell this bill of shit...

In some cases doctors may be employed, and hospitals run by, the government such as in the United Kingdom. Alternatively the government may purchase healthcare services from outside organizations. This is the approach taken in Canada.

Sure sounds like two different definitions than what we would end up with. So basically a "Single Payer" is what ever Harry Reid and Nancy Pelosi would call the damn thing. Tell a lie long enough, then "Obamacare" starts to sound like a Single Payer system.

What difference does it fucking make who I write a $1600 (or more)check a month too?

40075   tatupu70   2013 Dec 9, 11:07pm  

Reality says

What if there is a 5% chance the sun won't rise if we don't sacrifice your first-born? Asking such question is committing fraud of the hypothetical.

lol--but we know that sacrificing my first born has no bearing on the sun rising. Are you implying that it was known that the banking system wouldn't fail? You're committing the fraud of false analogy.

40076   Reality   2013 Dec 9, 11:12pm  

tatupu70 says

Reality says

What if there is a 5% chance the sun won't rise if we don't sacrifice your first-born? Asking such question is committing fraud of the hypothetical.

lol--but we know that sacrificing my first born has no bearing on the sun rising. Are you implying that it was known that the banking system wouldn't fail? You're committing the fraud of false analogy.

Yes we know that. "Banking system fail" is a (false) imagination of the mind, like unicorn and tooth fairy. When one or several restaurants or supermarkets close, we don't call that "food distribution system failure." So long as there is market demand, someone else will step in, and probably do a better job without the government putting the burden of rescuing existing banks on them.

There actually has never been in human history a sudden stoppage of all banking activity in a society except for when the government banned all banks from opening. It's always a government-made crisis.

40077   tatupu70   2013 Dec 9, 11:21pm  

Reality says

When one or several restaurants or supermarkets close, we don't call that "food distribution system failure." So long as there is market demand, someone else will step in, and probably do a better job without the government putting the burden of rescuing existing banks on them

So, when the CEO of GE was saying he was concerned that he wouldn't be able to make payroll, that's the tooth fairy? When Warren Buffet actually made trades on the open market with investors giving them a negative rate of return on their investments(They gave him $x now in return for $x-1 in the future)--that's a unicorn?

Comparing the entire banking system to a supermarket is the height of idiocy. Sure, new banks would form and take the old banks place. You might have a few years of cannibal anarchy in between, but I guess that doesn't bother you.

40078   Reality   2013 Dec 9, 11:33pm  

tatupu70 says

So, when the CEO of GE was saying he was concerned that he wouldn't be able to make payroll, that's the tooth fairy?

So you think taxpayers should subsidize big corporations that leverage on their payroll money? Companies that can not meet payroll should be bankrupted because they leverage too much and take too much risk with their worker's well being. The corporate officers engaged in such behavior should be arrested if any dereliction of duty is found.

To advocate that big corporations should be able to call in government to levy the taxpayers to help is little more than advocating the looting of the poor and the middle class to enrich the already wealthy.

When Warren Buffet actually made trades on the open market with investors giving them a negative rate of return on their investments(They gave him $x now in return for $x-1 in the future)--that's a unicorn?

It's called a storage fee . . . like that for any other types of goods, the collecting of which would serve as a deterrence against "hoarding" that you decry so much. Ironic you think that natural market deterrence against hoarding of money should be lifted by the government by ensuring interest is always positive (i.e. storage fee for money is always made to be negative).

Comparing the entire banking system to a supermarket is the height of idiocy.

No it is not. Food and water is far more immediately critical to human existence than even money. It takes more time and labor to set up a new supermarket with all the variety of foods than to open a new bank. In fact, if not for government restriction, there would be banks all over the town in every town. The stocking of money and taking a percentage is far simpler than the stocking of foods; unlike the vast varieties of food, money does not perish and is fungible.

Sure, new banks would form and take the old banks place. You might have a few years of cannibal anarchy in between, but I guess that doesn't bother you.

Banks do not leverage like crazy already exist, and would have been more if not for the FED subsidizing crazy levels of leverage through the bailouts that you advocate. Cannibal Anarchy did not take place in Iceland when all three of their big banks failed.

40079   edvard2   2013 Dec 10, 12:04am  

Call it Crazy says

So, who's going to write the check to pay us back and for putting our kids farther in debt??

Ahh... typical Republian-speak. "We're putting our kids in debt!" without looking at the bigger picture.

The better question to ask in this situation would be how much BIGGER would the costs have been to future generations if GM and Chrysler had not been bailed out? Exactly how much would it have cost not only the average taxpayer, but the overall economy to pay for long-term unemployment of millions of autoworkers, parts manufactures, car dealer salespeople, the businesses that supported all those mentioned above, not to mention the permanent loss of the majority of one of the largest sources of US manufacturing jobs?

The answer to all that is that the loss of GM and Chrysler would have resulted in a net loss and cost to the US economy, and the employees tied to them would have dwarfed the 10 billion dollar amount mentioned above. That and not to mention that if these two companies were gone, the long-term costs would have been untold billions and billions worth of future taxes collected in the form of employee income tax, interest from individual cars sales, property taxes from corporate facilities, taxes paid from dealerships, and the broader financial benefits of simply having millions of taxpaying workers and corporate executives contributing to the US economy as a whole versus simply no longer contributing anything.

What I find ironic about this whole debate is that the very conservatives who continually tout Reaganomics from a perspective where trickle-down economics are surely the way to a brighter economic future for some reason don't get that while this theory does not and never will work on a private level, the bailout was in fact a perfect example of a trickle-down economic fix that worked: The auto companies were responsible for the economic well-being of literally millions of workers and many 1000's of companies, from the assemblyline workers to the small deli across the street from a factory selling sandwiches: The bailout served to benefit all of those interlocking pieces up and down the line, so in effect did have a trickle-down effect.

Given the costs that would have occurred had these companies been allowed to go under would have been devastating and many times greater than the 10 billion mentioned above, the decision that was made due to simple mathematics: Its about money and anyone with even an elementary understanding of how math works would be able to see what an obvious decision this was and also recognize the result as an overwhelming success.

40080   Reality   2013 Dec 10, 12:10am  

edvard2 says

The better question to ask in this situation would be how much BIGGER would the costs have been to future generations if GM and Chrysler had not been bailed out? Exactly how much would it have cost not only the average taxpayer, but the overall economy to pay for long-term unemployment of millions of autoworkers, parts manufactures, car dealer salespeople, the businesses that supported all those mentioned above, not to mention the permanent loss of the majority of one of the largest sources of US manufacturing jobs?

Suppose these companies had tied up hundreds of thousands of workers making horse saddles and whips, your argument would have run just the same, and equally invalid.

What you are not seeing is that: the workers, parts suppliers and dealers would have been absorbed by other carmakers that turn out cars more profitably (to the extent that consumers need cars; the rest will find more profitable employment in other fields in the absence of government disincentive to work).

40081   control point   2013 Dec 10, 12:12am  

Reality says

What you are not seeing is that: the workers, parts suppliers and dealers
would have been taken on by other carmakers that turn out cars more
profitably.

How would they do so more profitably? Lower margins (sales prices) for the suppliers and dealers, lower compensation for the workers perhaps?

40082   Reality   2013 Dec 10, 12:13am  

control point says

Reality says

What you are not seeing is that: the workers, parts suppliers and dealers

would have been taken on by other carmakers that turn out cars more

profitably.

How would they do so more profitably? Lower margins (sales prices) for the suppliers and dealers, lower compensation for the workers perhaps?

Designing and making better cars that people want to buy without huge price discounts.

The net effect of keeping GM is essentially a Toyota/Ford/BMW plant plus a bunch of trench diggers and refillers on taxpayer funded payroll, and some monkey wrench being thrown into the good cars (that we would have gotten) to make them less reliable and/or less desirable.

40083   control point   2013 Dec 10, 12:16am  

Reality says

Designing and making better cars that people want to buy without huge price
discounts.

So the same workers (except the designers apparently), suppliers, and dealers are suddenly going to add more value to the end product simply because of new ownership?

40084   Reality   2013 Dec 10, 12:18am  

control point says

Reality says

Designing and making better cars that people want to buy without huge price

discounts.

So the same workers (except the designers apparently), suppliers, and dealers are suddenly going to add more value to the end product simply because of new ownership?

That's what better run businesses do. If that's not the case, how would you allow any bad business go bankrupt?

BTW, Even the designers would come up with better designs when not ensnared in the GM bean counter culture and corporate-labor union trap in the rustbelt.
GM divisions overseas are quite successful at innovations and coming up with good products.

40085   Dan8267   2013 Dec 10, 12:23am  

GM recorded a profit of $4.3 billion for the first nine months of this year.

The answer is to tax the profits and the executive compensations until the entire amount, in real dollars, is paid back. Tax the executive compensation at 100% no matter where the execs work until this is paid back in full.

40086   mell   2013 Dec 10, 12:23am  

Reality says

What if there is a 5% chance the sun won't rise if we don't sacrifice your first-born? Asking such question is committing fraud of the hypothetical. Banking will not cease to exist, so long as it is a necessary service. Some of the big banks would indeed cease to exist . . . turns out even one as big as Lehman getting liquidated did not result in much impact on the financial system. Swaps and derivatives are by definition zero-sum games. For every loser on a trade, there is a winner as his counter-party.

Exactly. It was clear cut fraud, and they sacrificed the taxpayers children's future.

control point says

Reality says

Designing and making better cars that people want to buy without huge price

discounts.

So the same workers (except the designers apparently), suppliers, and dealers are suddenly going to add more value to the end product simply because of new ownership?

Yes.

40087   tatupu70   2013 Dec 10, 12:25am  

Reality says

So you think taxpayers should subsidize big corporations that leverage on their payroll money

No, I don't.

Reality says

Companies that can not meet payroll should be bankrupted because they leverage too much and take too much risk with their worker's well being. The corporate officers engaged in such behavior should be arrested if any dereliction of duty is found.

That's fine. Like I said--don't cry when you're in the unemployment line or eating at the soup kitchen when your benefits run out.

Reality says

It's called a storage fee

lol--are you familar with the concept of "time value of money?"

Reality says

No it is not. Food and water is far more immediately critical to human existence than even money. It takes more time and labor to set up a new supermarket with all the variety of foods than to open a new bank. In fact, if not for government restriction, there would be banks all over the town in every town. The stocking of money and taking a percentage is far simpler than the stocking of foods; unlike the vast varieties of food, money does not perish and is fungible.

I'm not talking about the back down the streeet folding. I'm talking about the entire financial system failing. There's a difference there. A better analogy would be if the entire transportation system failed. No trucking. No trains. No flights. Do you think that would have an effect on people?

40088   Shaman   2013 Dec 10, 12:25am  

It wasn't just GM at risk, it was all the part suppliers, dealerships, financial
Institutions, and their supporting companies that stood to also fall. The cost in jobs would have been catastrophic at a time when America was really hurting for jobs. I think saving American industry is worth doing, also bringing industry back. Let's say the job cost would have been a million, so think of the billions that went unspent on unemployment and welfare for the jobless, as well as the taxes reaped off the backs of the companies and the employed workers. It was a net gain for the government when all that is considered, and more importantly it was a benefit to America. Or we could have bought twenty new fighter jets to give the chickenhawk neocons big boners and scrambling for an excuse to use them. What is more worthy?

40089   mell   2013 Dec 10, 12:25am  

edvard2 says

The better question to ask in this situation would be how much BIGGER would the costs have been to future generations if GM and Chrysler had not been bailed out?

Just the proceedings of bankruptcy. The auto-industry had been moving out of the US for quite a while, and now suddenly GM is the one that has to be rescued? The costs would have been far lower for everybody, rewarding and supporting failure is always the highest cost and hurts more people for the benefit of a few.

40090   anonymous   2013 Dec 10, 12:26am  

The main purpose of the bailouts was to keep the aristocracy in power, protect them from any "losses", and to keep the whole 20th century american scam of "retirement" in tact.

Think of all the different layered insurances that exist in the "private markets". Private in so far that they pretend to minimize risk in the name of gauranteed profits,,,until all their risk minimzation ends up being so risky that the only way to prevent catastrophe is for the government to stick the gun in the back of the working man, and yell "hi ya! Giddy up" flog him with a whip so the privileged can maintain their privileges and the young and the powerless can be bound, gagged, and dry fucked until they can take no more

40091   tatupu70   2013 Dec 10, 12:27am  

Reality says

What you are not seeing is that: the workers, parts suppliers and dealers would have been absorbed by other carmakers that turn out cars more profitably (to the extent that consumers need cars; the rest will find more profitable employment in other fields in the absence of government disincentive to work).

Because you say so. Right?

40092   edvard2   2013 Dec 10, 12:27am  

Reality says

Suppose these companies had tied up hundreds of thousands of workers making horse saddles and whips, your argument would have run just the same, and equally invalid.

What you are not seeing is that: the workers, parts suppliers and dealers would have been absorbed by other carmakers that turn out cars more profitably (to the extent that consumers need cars; the rest will find more profitable employment in other fields in the absence of government disincentive to work).

You are making a lot of really simple assumptions. First of all, if you are a supplier of car parts to a particular company, then that means you as a supplier have invested what likely amounts to many millions of dollars in research, tooling, stamping, equipment, CNC machinery, facilities, employees and training that were all geared specifically to making said parts for that particular company. The loss of the company that those companies were supplying would have easily bankrupted many, many of those suppliers.

The problem with your assertion is that your "solution" is tied to gross assumptions and guesses. When it comes down to investments, risk, and financial planning, basing said investment on assumption is an almost assured means to LOSE a lot of money. Investments are made on the basis of more predictable outcomes. Simply put, saving two companies with large intact chains of suppliers, trained workers, and the entire network of inter-related enterprises tied to them and leaving this system intact has way LESS risk then doing what you were suggesting, which was to let em' fail and "Assume" that somehow other auto manufactures would have picked up the slack. Had something like what were suggesting been done the net loss would have almost assuredly been many, many times greater in overall cost then what it wound up being.

40093   tatupu70   2013 Dec 10, 12:30am  

errc says

The main purpose of the bailouts was to keep the aristocracy in power

How does keeping blue collar union workers employed help keep the aristocracy in power?

40094   mell   2013 Dec 10, 12:30am  

Quigley says

Or we could have bought twenty new fighter jets to give the chickenhawk neocons big boners and scrambling for an excuse to use them. What is more worthy?

First of all it would have been much fairer to send everybody a check from that money, probably also with better outcome since they would not have focused on failing businesses and distributed the risk evenly, instead of throwing good money after bad. Second if that would be working in any way with any positive outcome, the US would be allowing everybody to print their own money to get themselves out of "ruts" and jump-start their businesses. But it's not, and therefore it's illegal for most and only legal for a few, benefitting the first-in-line cronies.

40095   edvard2   2013 Dec 10, 12:30am  

mell says

Just the proceedings of bankruptcy. The auto-industry had been moving out of the US for quite a while, and now suddenly GM is the one that has to be rescued? The costs would have been far lower for everybody, rewarding and supporting failure is always the highest cost and hurts more people for the benefit of a few.

As we speak, many millions of US workers are employed either directly, or indirectly to the US auto industry. So even is some of that work had been moving overseas, that doesn't mean that nobody works for them in the US anymore. Quite the opposite actually. So you are wrong. The costs would have been far greater had they been allowed to fail if we only base this on the sheer costs of supporting millions of US workers on unemployment insurance.

40096   mell   2013 Dec 10, 12:31am  

Dan8267 says

GM recorded a profit of $4.3 billion for the first nine months of this year.

The answer is to tax the profits and the executive compensations until the entire amount, in real dollars, is paid back. Tax the executive compensation at 100% no matter where the execs work until this is paid back in full.

After the fact (since I could not prevent the bailouts), I agree with you on this.

40097   control point   2013 Dec 10, 12:31am  

mell says

Yes.

Reality says

That's what better run businesses do. If that's not the case, how would you
allow any bad business go bankrupt?

LOL. I want to go into M&A with these two. All it takes to add value to the end product is better ownership.

40098   anonymous   2013 Dec 10, 12:32am  

Dan8267 says

GM recorded a profit of $4.3 billion for the first nine months of this year.

The answer is to tax the profits and the executive compensations until the entire amount, in real dollars, is paid back. Tax the executive compensation at 100% no matter where the execs work until this is paid back in full.

You will never hear those who benefit from ill gotten gains, suggesting claw backs. Take those on this board who applaud the fraud and waste in government (its the republicans fault) while reveling in the shlop like pigs in shit.

The american way dies everytime someone says "if its within the rules, its kosher to me!" And "if you can't beat um, join um". No good has ever come from that type of attitude. Pioneers that forge a better way of life, don't bother to read someone elses rules book. they decide for themselves what is right and what is wrong, regardless of what the government says.

40099   anonymous   2013 Dec 10, 12:34am  

tatupu70 says

Reality says

What you are not seeing is that: the workers, parts suppliers and dealers would have been absorbed by other carmakers that turn out cars more profitably (to the extent that consumers need cars; the rest will find more profitable employment in other fields in the absence of government disincentive to work).

Because you say so. Right?

How big of a bailout did ford need?

40100   tatupu70   2013 Dec 10, 12:37am  

errc says

tatupu70 says

Reality says

What you are not seeing is that: the workers, parts suppliers and dealers would have been absorbed by other carmakers that turn out cars more profitably (to the extent that consumers need cars; the rest will find more profitable employment in other fields in the absence of government disincentive to work).

Because you say so. Right?

How big of a bailout did ford need?

$6 Billion.

40101   Reality   2013 Dec 10, 12:38am  

control point says

mell says

Yes.

Reality says

That's what better run businesses do. If that's not the case, how would you

allow any bad business go bankrupt?

LOL. I want to go into M&A with these two. All it takes to add value to the end product is better ownership.

That's literally what corporations are supposed to do: turning less valuable natural resoruces, intermediate inputs and labor into end products that are more valuable.

GM as a corporation was actually built on the principle of slapping different brands on the same underlying platform to achieve different end product values for cars.

40102   edvard2   2013 Dec 10, 12:41am  

errc says

You will never hear those who benefit from ill gotten gains, suggesting claw backs. Take those on this board who applaud the fraud and waste in government (its the republicans fault) while reveling in the shlop like pigs in shit.

It pays to remember that it wasn't just the Obama administration that supported the bailout, but Bush as well. People need to put the politics aside for a moment and look at this as a purely economic exercise. At the time, neither side felt "good" about the decision and you can also bet that I wasn't totally thrilled either. Sure- it stank. But it had to be done because otherwise the costs would have been enormous otherwise. This all boiled down to economics.

Lastly, there is hardly an auto manufacture on earth that has not at one time gotten some sort of government bailout. Auto companies are important because they have an enormous economic impact on the countries the exist in and in each instance of those bailouts the decision was made not because of political ideology, but because of picking the better financial outcome of a bad financial situation.

40103   Reality   2013 Dec 10, 12:42am  

tatupu70 says

errc says

tatupu70 says

Reality says

What you are not seeing is that: the workers, parts suppliers and dealers would have been absorbed by other carmakers that turn out cars more profitably (to the extent that consumers need cars; the rest will find more profitable employment in other fields in the absence of government disincentive to work).

Because you say so. Right?

How big of a bailout did ford need?

$6 Billion.

No, that's not what Ford needed to survive when GM was bailed out. That was the pay-off money (and similarly to every other major carmakers in the world) for not letting the other carmakers take a dib on carving up GM. In other words, those payouts should also be added to the cost of bailing out the union members at GM.

40104   control point   2013 Dec 10, 12:46am  

Reality says

That's literally what corporations are supposed to do: turning less valuable
natural resoruces, intermediate inputs and labor into end products that are more
valuable.

Yes, but you are saying taking the same all of the above, only changing the ownership, and the ownership change alone will add value.

40105   Reality   2013 Dec 10, 12:50am  

edvard2 says

You are making a lot of really simple assumptions. First of all, if you are a supplier of car parts to a particular company, then that means you as a supplier have invested what likely amounts to many millions of dollars in research, tooling, stamping, equipment, CNC machinery, facilities, employees and training that were all geared specifically to making said parts for that particular company. The loss of the company that those companies were supplying would have easily bankrupted many, many of those suppliers.

What are you saying? That no car model should ever go out of production? You should feel right at home in the 1980's USSR, when their factories were still churning out copies of American cars made in the 1950's . . . because when the bureaucrats are the sole decision maker on capital obsolescence, nothing is ever allowed to be obsolete!

edvard2 says

The problem with your assertion is that your "solution" is tied to gross assumptions and guesses. When it comes down to investments, risk, and financial planning, basing said investment on assumption is an almost assured means to LOSE a lot of money. Investments are made on the basis of more predictable outcomes. Simply put, saving two companies with large intact chains of suppliers, trained workers, and the entire network of inter-related enterprises tied to them and leaving this system intact has way LESS risk then doing what you were suggesting, which was to let em' fail and "Assume" that somehow other auto manufactures would have picked up the slack. Had something like what were suggesting been done the net loss would have almost assuredly been many, many times greater in overall cost then what it wound up being.

No, you are the one making unfounded and counter-factual guesses. Overhauling automakers, and even entire auto industries, have been taking place in many parts of the world many times over. The result is always leaner operation, higher productivity, and better products for consumers.

40106   Reality   2013 Dec 10, 12:52am  

control point says

Reality says

That's literally what corporations are supposed to do: turning less valuable

natural resoruces, intermediate inputs and labor into end products that are more

valuable.

Yes, but you are saying taking the same all of the above, only changing the ownership, and the ownership change alone will add value.

Ownership takeover by another car maker means management decisions to be made by people who have track record of actually making good management decisions! in capital structure and labor-relationships that have a track record of turning out cars that consumers want to buy!

40107   tatupu70   2013 Dec 10, 12:58am  

Reality says

No, that's not what Ford needed to survive when GM was bailed out. That was the pay-off money (and similarly to every other major carmakers in the world) for not letting the other carmakers take a dib on carving up GM. In other words, those payouts should also be added to the cost of bailing out the union members at GM.

lol--was the $16B that the Fed gave them also a payoff?

http://jalopnik.com/5704575/ford-bmw-toyota-took-secret-government-money

Sometimes I wonder how/where you come up with this BS.

40108   Reality   2013 Dec 10, 1:03am  

tatupu70 says

Reality says

No, that's not what Ford needed to survive when GM was bailed out. That was the pay-off money (and similarly to every other major carmakers in the world) for not letting the other carmakers take a dib on carving up GM. In other words, those payouts should also be added to the cost of bailing out the union members at GM.

lol--was the $16B that the Fed gave them also a payoff?

http://jalopnik.com/5704575/ford-bmw-toyota-took-secret-government-money

Of course it was. That was what I was referring to as "similar handouts to almost every other major caramaker in the world." That was hush money paid out at the big boys table to make it "fair to everyone," everyone at the big boys table, that is. Of course all at the expense of people who were not at the table!

Considering the average new car cost more than $30k nowadays, who do you think benefit the most from those handouts to the financing arms? Besides the executives and finance guys, those who can afford to buy/lease new cars frequently benefit at the expense of those who buy used cars and/or keep cars for a long time. In other words, another instance of ripping off the poor and the middle class to enrich the already wealthy.

40109   edvard2   2013 Dec 10, 1:10am  

Reality says

What are you saying? That no car model should ever go out of production? You should feel right at home in the 1980's USSR, when their factories were still churning out copies of American cars made in the 1950's . . . because when the bureaucrats are the sole decision maker on capital obsolescence, nothing is ever allowed to be obsolete!

Again- some simple assumptions. Every time a new redesign of a model comes out its not like the entire car is actually new. All automakers have what are known as "platforms", which is to say a basic chassis or vehicular configuration that is used for the underlying structure of sometimes multiple models. On top of that those models might undergo several model redesigns but still use the same generation of platform. Some platforms are used for decades. For example, Chrysler was using some platforms that had been developed by AMC ( American Motor Corporation) in the 70's and early 80's right up until not too long ago.

So in that case, many suppliers will make what amounts to the exact same part for decades. Perhaps the sheetmetal, engine, and interiors might change, but things like body panel clips, swing arms, steering wheel hubs, spindles, brake calipers, and power steering pumps can be in production for a very long time. Its also not just platforms but engines, transmissions, and suspension components.

So you see, its not like with every model change those suppliers suddenly all re-tool. They are often setup creating the same parts for decades and to assume they would suddenly totally change overnight is a simplistic assumption.Reality says

No, you are the one making unfounded and counter-factual guesses. Overhauling automakers, and even entire auto industries, have been taking place in many parts of the world many times over. The result is always leaner operation, higher productivity, and better products for consumers.

How was I making a "guess"? If you had made the choice then millions of people would have immediately been out of work and what would have definitely happened would be a huge cost in the form of unemployment insurance.

As far as leaner operations, higher productivity, and better products, both GM and Ford had been doing exactly that leading up to the recession. Most of the products GM currently sells- of which many are selling very well- were developed well before the recession. That the recession came along was poor timing on a well-orchestrated turnaround in the works.

40110   tatupu70   2013 Dec 10, 1:13am  

Call it Crazy says

No, that is what has happened in every other industry where a company goes bankrupt... All the workers, suppliers, dealers switch over to a different company...

I see. That's why unemployment is still stubbornly high and worker participation is low. Because the workers seemly moved to a different company. Do you live in the real world??

Call it Crazy says

Exactly.... Just look at the auto industry, how many other car makers or start-ups have moved into buildings formerly run by a competitor?

Of course. Nobody is arguing that companies should never go bankrupt. Implying otherwise is typical for you and Reality though.

40111   Reality   2013 Dec 10, 1:15am  

tatupu70 says

Reality says

Companies that can not meet payroll should be bankrupted because they leverage too much and take too much risk with their worker's well being. The corporate officers engaged in such behavior should be arrested if any dereliction of duty is found.

That's fine. Like I said--don't cry when you're in the unemployment line or eating at the soup kitchen when your benefits run out.

LOL. You think I pay myself "benefits"? Why go to an "unemployment line"? What is an "unemployment line"? Sounds like a waste of time to gravitate towards where there is already a surplus of people looking for jobs. Go find something you can do for your neighbors and get paid for it! Hopefully get paid handsomely for it because nobody else has yet thought of offering such a service at such a "great price" that is appealing to your customers yet highly profitable for yourself! That's how new jobs are created, not filing paper wasting time at the unemployment line waiting for a government pacifier to suck on.

40112   anonymous   2013 Dec 10, 1:17am  

Why do we allow some businesses to fail? Put the politics aside? Just end the discussion, its purely political

40113   tatupu70   2013 Dec 10, 1:18am  

Reality says

Go find something you can do for your neighbors and get paid for it!

Good luck with that. All your neighbors are in the unemployement line that you are unfamilar with. None of them have any money to pay you, despite your admirable attitude.

Let me know how Says "Law" works when everyone is broke.

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