Ironic how wall street and the banks have already been bailed out and there hasn't been much talk about THEIR plans. Nor will there ever be any investigations into who caused that whole mess. (Cough-cough) Rahm Emanuel and Franklin Rains AKA Fannie Mae & Freddie Mack. Coincidence right?
Blagoijovech? A sacrificial lamb. Who knew what and When did they know?
They didn't know and it was all poor judgement? Oh, great. I feel really secure with such IDIOTS in charge.
I'm not making hasty generalizations: In Chicago, the "straight'n'sober" genuine types don't live there for long.
What the flock have these thieving pirates on wall street done for the workin' folks lately? When was the last time any of them braved a 30-40 ft. climb up the side of a house to put in heat tape conduit in the middle of a blizzard? I can tell you this much; they take a spill in their profession, they can start over; I have no life insurance so if I take a spill and die my family is *screwed*. Hell, they're still screwed if I live 'cuz of the hospital bill.
What's up with 14 AIG execs EACH taking $25K private jets to hawaii for a one week "seminar" with all the luxury of a king? On bailout money no less?
I think we need to impale someone.
Any case I totally agree with giving these companies more than a slap on the wrists, bailout or not. Also, we should not punish the ones who inherit the mess. Fat chance we'll ever scathe the bandits though. It's a good goal to aim for, still.
We are faced with an ugly situation with ugly solutions and even uglier outcomes either way.
On the one hand:
Bail 'em out. If we had arbitrary individuals to run these corporations we would need them to
1) not be government agents,
2) not be tied into government in any major way,
3) not have any current or past connections to any corporations whatsoever.
I think the American people would go for it in this case.
Fat chance that'll be the case: In a practical sense, to do so requires a past leadership in either one, or the other, or both. If their past was good...yeah, fine...but there is no guarantee the person will do the right thing, is there?
Coming up with a plan. Frankly I don't see how any plan would work while the uneven play field of NAFTA is still going. Unless the US auto makers became part of it and took advantage of it. Which would defeat part of the whole idea of having a US manufacturing, US based auto maker. Oh sure they'd survive but it would still be adverse to the economy for many of the same reasons as letting it fail. Namely taking jobs away from US citizens.
We'd be left with business, albeit government run. Some of you think that might be a good thing but I'd say turn your direction to utilities and "natural" sd monopolies and their failures...a popular example of bad might be what Erin Brockovich fought against. Gov't. solutions are okay for a time, but eventually would have to switch over. Making a lasting impression and discouraging future diverging sounds like a nice idea. Keeping it gov't run would still run into most of the same problems.
Arbitraters to watch all sides is nice on paper, but in reality it is like saying government will watch government or corporate will watch itself and the market solves all. Money/power talks, and BS walks.
On the other hand:
If the one on top is incompetent, let 'em burn. Let the businesses fail. Suffer damage to our economy.
Not only lose jobs, but now there is no manufacturer based in the USA. We already have near zilch manufacturing in this country. If a natural disaster hit and isolated us from our imports from the rest of the world (and given the earth's activity patterns could happen any day now)...I'm sure you could figure that one out.
Another may rise up to seize the mantle. We could take bailout money, watch these newcomers like hawks and help 'em up.
Does anyone know of any enterprising companies? I sure don't--but just because I can't see it doesn't mean it isn't there, right???????
Frankly I don't see the US auto manufacturers surviving.
Part of our solution is transparent public audits: going through every job with a fine tooth comb and figuring out what jobs actually deserves to earn what wages/salary.
We obviously cannot have leaf blowers earning as much as doctors and we cannot have doctors take a cut in pay to match leaf blowers. (credit Michael Savage for analogy)
Tedious and messy but it has to be done sooner or later. We cannot afford not to do it.
Unions. Yeah, tell me about it.
I'm not entirely convinced the mafia is gone.
I've had to work with these @$$holes. Such idiots and such waste.
Rewarding ineptitude and incompetence. Even paying workers to not work. That is a bunch of BS. Stiflers of competition and innovation MUST GO. Or at least need major overhaul. Again, Fat chance.
Vanir, you talk like "dinosaur" of technology is necessarily such a bad thing.
I have one counter example for electronics.
Microwaves. Most of what goes wrong in these is usually a small thing easily fixed/replaced. Yet so many are sent to the dump, sadly.
Vast majority are like this. If the problem is something not easily fixed, scavenge the spare parts--you would be surprised how simple microwaves themselves are. Harmless electrically when unpowered after roughly 12-24 hours.
Parts are often interchangeable. I am not kidding, these are so easily user serviceable with common sense, good caution, a little self education (for free), and a bit of mechanical skill and novice electronics skill, most people could do it.
Rather than spend $50 every 2 years for a new one each time, why not just spend some extra cash now for parts to replace what goes wrong? If it will give you another 15 years of service, think how much you could save over that period... PM me if you want to know more
As far as electronics, Vanir, no we cannot lose that.
We'll need to select carefully what to evolve and what not to evolve, though.
Micro sizing. Good for energy efficiency. And bad by making it impossible to repair things... so long as the stuff can be processed and broken down into raw materials for reuse... The waste must be cut out. Something which means engineers and developers must start taking into consideration BEFORE coming up with a product.