President Obama forces GM boss Rick Wagoner to step down

Discussion in 'Free Speech Alley' started by Rex_B, Mar 29, 2009.

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  1. red55

    red55 curmudgeon Staff Member

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    We paid for World War II by massive government spending, increasing taxes, retooling industry for war production, selling War Bonds, and rationing . . . not by borrowing.

    How well do you think that would sell today? North Korea would have to drop that missile on Pearl Harbor and be backed by the Chinese to get us into a total-war footing again.
     
    red55, Mar 30, 2009
    #21
  2. LaSalleAve

    LaSalleAve when in doubt, mumble

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    legalize pot, sell it and tax it. tax the hell out of alcohol, release everyone in prison on marijuana charges, and clean their record, take all of the force used to police marijuana and move them to a dangerous drug, like methamphetamine. pull out of iraq.
     
    LaSalleAve, Mar 30, 2009
    #22
  3. mobius481

    mobius481 Registered Member

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    I've been struggling with this all day. On the one hand, I am very happy that he refused to give the auto industry any more money. On the other hand, I really hate that he asked the CEO of a publically traded company to step down. However, I think that numb nuts should step down. I just wish Obama would have done it in a different manner. I wish he would have told them unless there was a change in the leadership of the company, he couldn't see investing the country's money in them. Exact same results, but you don't set the precedent of a president basically telling a CEO he has to step down.

    Overall, I am happy with how this is shaking out except for the whole, "give them 17 billion then walk away from them". I guess not throwing good money after bad is at least better than propping them up.
     
    mobius481, Mar 30, 2009
    #23
  4. SabanFan

    SabanFan The voice of reason

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    Most of the current generation are a bunch of pussies who would rather let others insult us than to have to look up from their video game, iPhone, Wii, etc and think about defending our honor.
     
    SabanFan, Mar 30, 2009
    #24
  5. mobius481

    mobius481 Registered Member

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    Not me. Someone insults me, I bust a cap.
     
    mobius481, Mar 30, 2009
    #25
  6. Rex_B

    Rex_B Geaux Time

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    Red normally your positions are spot on. And I noticed you now have adopted SF's type of positions which is very un-becoming of you.

    How to get out of an economic crisis? Stop doing what got you there. Bite the bullet and let the failing/bad business go away.
     
    Rex_B, Mar 30, 2009
    #26
  7. red55

    red55 curmudgeon Staff Member

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    But we can't let it all go away, don't you see? Especially the banks. Money has to flow for the economy to grow. Nobody likes having to bail out vital financial institutions, but without them, industry and commerce cannot compete domestically or internationally.

    SF is right in that the massive spending we did in WWII pulled us out of the Great Depression. Huge spending can do it again, but we'll be much better off spending it here, building things in the US rather than blowing things apart in Europe and the Pacific.

    But borrowing is bad. We'd be better off selling Savings Bonds to our own people rather than Federal Reserve notes to China. Better for us to pay more taxes and reduce the debt than to keep on borrowing. Better for us to start some rationing by cutting some government spending on things that are less-than-vital to the economy. Like Medicare, which is shot through with waste and fraud. Money spent helping sick people is money well spent, but the vast amounts that get diverted to administrative costs and profit margins of all of the middle-men drug and equipment suppliers is money wasted.
     
    red55, Mar 30, 2009
    #27
  8. LSUsupaFan

    LSUsupaFan Founding Member

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    The series EE Patriot bands sold quite well after 9/11, and that may be our best indicator. Americans would make the necessary sacrafices if the threat were real.
     
    LSUsupaFan, Mar 30, 2009
    #28
  9. SabanFan

    SabanFan The voice of reason

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    It's an adult thang. You wouldn't understand.
     
    SabanFan, Mar 30, 2009
    #29
  10. mctiger

    mctiger RIP, and thanks for the music Staff Member

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    So you suggest we base our currency system on the ganja standard?
    :lol::lol::lol:
     
    mctiger, Mar 30, 2009
    #30
    1 person likes this.
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