lol, i get the point you're trying to make, no offense taking here. I actually laughed. I admitted to insinuation, can you not read? But the point you are trying to make is poor, because you offer no counter to my point. This is an industrial based economy, if not that, what is the alternative. Clearly its not financialization and if it is, then it should be more closely regulated so a few actors dont bring the majority down.
We are clearly not an industrial base anymore. It does not work with our high wages. Thats the point. You can't just change it by forcing jobs back. Indepth studies need to happen b/c frankly, it is a global market and it makes clear economical sense to manufacture most things overseas.
Thats why I just don't understand Obama at all. His solution, make the rich pay more. He has been in office 3 years and apparently has not solution other than more taxes to help this economy.
this entire post is an assumption about what Obama might do in his second term. and of course GM is still struggling to get back to where they were before but so are a lot of other companies out there. just because their stock isn't booming right now doesn't mean that saving GM was bad policy. you guys would be bitching about Obama allowing a million jobs to go by the wayside if he had not bailed out GM so...... your original post was still misleading. Obama never said that he was going to do another bail out. Then again, what do you care about the truth? The truth has never stopped you before....
The government shouldn't save a single company. What good does it do? How is that fair to ones that didn't shit the bed? Keeping a job, even a bad one, is not a good argument.
using those very narrow standards you are correct, Mobius. that said, the auto bailout has been a success story....an American success story that you should relish in, not despise. 1 million of your fellow countrymen got to keep their jobs and, in spite of some set backs, GM is moving in the right direction again. of course their stock isn't great, but the same could be said of many other companies during this crisis.
How is it a success story, b/c jobs? Why do you assume all the jobs would have been lost if not for the government?
says who? you and Mitt Romney? forget jobs, do you have any idea what that would have done to our GDP? you really don't get it man. we have been in unprecendented economic times, to an extent that most lay people do not understand the gravity of, and to flippantly disregard the GM bailout as bad policy is indicative of how little you understand about fiscal policy and exactly what GM's demise would have meant to the economy. It isn't just 1 million GM jobs but another 4-5 million jobs that manufacture parts or pieces of parts for GM. you really don't get it and I doubt seriously that you ever will.
