Just one more step toward our eventual march to socialism
41% (15 votes)
No big deal -- the market will triumph in the end
8% (3 votes)
Warren's fault
22% (8 votes)
Of little importance to me
14% (5 votes)
The missing step just before "Profit!"
16% (6 votes)
Total votes: 37
Comments
Re: The government takeover of GM and Chrysler is...
Of little importance to me
Re: The government takeover of GM and Chrysler is...
... bad news for Ford shareholder.
Re: The government takeover of GM and Chrysler is...
A better phrasing would be: Just one more step in our unwavering march towards doom.
And I am NOT taking the heat for this. I bought a 2008 Impala for zog's sake. This is not my fault. Understand? Not. My. Fault.
Re: The government takeover of GM and Chrysler is...
What DAR said.
I won't rant because I love you guys so much, but Ford is getting screwed for reading the writing on the wall and taking appropriate action. I've got money that says federal vehicle purchases will no longer have Ford in the mix, regardless of relative value.
Re: The government takeover of GM and Chrysler is...
Ironically, I swear I could remember reading on reason.com how Bill Ford was making a huge mistake and leading the Ford Motor Co down a primrose path by insisting on producing so many "green" vehicles, as though he had stopped production on the F150, F350, etc.
Re: The government takeover of GM and Chrysler is...
Meh. All great nations must come to an end. I still believe that our system is strong enough that I will be long dead before our eventual fall into despotism.
Re: The government takeover of GM and Chrysler is...
So if the government owns a big chunk of GM, then the government gets a big chunk of GM's profits, right? I see moral hazard ahead... there's now a strong incentive for the government to try and make sure people only buy GM cars (e.g. let's tariff Honda and Toyota out of existence!).
Re: The government takeover of GM and Chrysler is...
Ya think?
Re: The government takeover of GM and Chrysler is...
I hate to say it, but the whole thing has ceased to make any sense at all to me.
Re: The government takeover of GM and Chrysler is...
You can't make sense of a guy with a liberal arts degree and a law degree, whose prior business experience was 'community organizing,' suddenly taking over almost at gunpoint and becoming the de facto CEO of two of the three formerly surviving U.S. automobile manufacturers in the largest hostile takeover in history? That's odd.
Re: The government takeover of GM and Chrysler is...
I say, Ridgely, old man, it is plain that my thinking is far too literal and linear for this post-modern world.
What am I to do?
Re: The government takeover of GM and Chrysler is...
Beats me, I'm a stranger here, myself.
Re: The government takeover of GM and Chrysler is...
Issac,
Two words. Remember them and use them well.
HOPE
CHANGE
That is all.
Re: The government takeover of GM and Chrysler is...
As I (and a couple of other commenters on Balko's site) pointed out, he can hardly do worse than the "business professionals" who ran the companies into the ground.
Re: The government takeover of GM and Chrysler is...
Damn, you people are no fucking help at all.
Re: The government takeover of GM and Chrysler is...
No, Aresen. They can do much worse. They now have the incentive to destroy all other car companies otherwise they look like fools. I suspect Obama Inc has the fucktards necessary to pull it off.
Re: The government takeover of GM and Chrysler is...
Hmm.
Good point. I hadn't thought of that aspect.
I can see anti-trust suits being thrown at the other companies for "unfair competition" as one possible tactic.
("unfair competition" = governmentese for "being competent")
Re: The government takeover of GM and Chrysler is...
You're giving them encouragement. Aid and comfort to the enemy and all that ;)
Which raises the question (happy?), given what's happened, should a small-gov't advocate buy a GM or a Chrysler, or avoid them, or agitate for a boycott? If this experiment fails, the taxpayer is on the hook (and, more people lose their jobs). If the experiment succeeds, it emboldens further gov't interventions in the economy, but, taxpayers will cut their losses. In a situation in which the choices are failure in which the government throws good money after bad, or success in which government power extends, how should we be rooting?
I lean towards rooting for utter failure, though it once again makes libertarians look heartless to the general public. I figure the moral hazard of future problems outweighs getting a few tens of billions back. Which I'm sure would just be re-wasted on some sort of metaphorical gov't version of hookers and blow.
Re: The government takeover of GM and Chrysler is...
I beg to differ. Prior to the Bushama "rescue" of General Motors and Chrysler the taxpayers who had never invested a dime in the company (that would be the vast majority of Americans) were completely off the hook. So far the GM bailout alone has cost 50.7 billion. Pollyanna thinks this is the last taxpayer cash infusion, other opinions abound.
Auto execs defend dealer cuts in Senate visit
Senators scold GM, Chrysler officials for decision to shutter at least 3,000 outlets
Congress runs social security, medicare and Americorps. I am supremely confident that they will make Rick Wagoner seem like a genius.
Re: The government takeover of GM and Chrysler is...
Welcome to Reality 2.0. In response to user requests, Semantic Gravity has been turned down--this was merely an attempt to help a larger number of our users take advantage of the features available in the Reality series of products. The performance of previously available commands, such as "reason" and "logic" should not be altered in any way. Please note, however, that "white anglo-saxon protestant capitalist" is no longer hardwired as the default meta-schema, a fact which can cause unpredictable results to those not properly prepared. Though this is in no way harmful to the operations of the program, caution is advised.
You may feel some discomfort as you notice the removal of paradox-absorbing schematic crumple zones; this will pass as you become accustomed to the shift of meaning beneath your feet. As with before, this was designed to allow a greater degree of user flexibility, and does not represent a significant change in the archetecture of the Reality series of products.
We wish to do everything possible to ease your transition into Reality 2.0. For this reason, a series of user manuals have been produced by famous philosopher Michel Foucault. These manuals will help to orient you to Reality 2.0. Additionally, we also offer several pre-loaded schema to enable ease of use, including post-modernist, pseudo-fascist, and randroid. These programs are designed to offer an experience similar to the one provided by Reality 1.0. Please note, however, that some features of Reality 2.0 are disabled by these schema. If this proves insufficeint, Cold Stop capabilities are still available. Please note, however, that using this option will void your warranty.
We know that you have no choice in Existence Approximating Operating Systems, but we're still pleased that you've "chosen" Reality 2.0.
Re: The government takeover of GM and Chrysler is...
A couple weeks ago, Jeff's car was in the shop and he was given a "loaner" to drive -- a new Chevy Cobalt. It looked nice but drove like hell, and I said "No wonder GM's going into bankruptcy, if they make cars like this."
We only drove it for a couple of days, but: whenever we went more than about 30 mph everything on the dashboard started rattling, and when we turned on the windshield wipers after it started raining, the wiper blades were apparently hung wrong so that they made this HORRIBLE shudder-inducing noise against the glass, like a lower-frequency version of running your fingernails against a blackboard.
Also, while we could move the seats forward or backward, to get closer or further from the steering wheel, being able to adjust the angle of the back of the seat was apparently an "optional" feature our loaner didn't have, so the seats were, say, one or two degrees off from what would be a comfortable angle.
On the upside, it was painted a very pretty shade of blue.
Re: The government takeover of GM and Chrysler is...
I had a similar experience renting an Aveo. Horrible car. It makes me think that the killing of GM's chinese car deal isn't a bad idea; it's hard to think of an example where importing and rebadging a small cheap Asian (non-Japanese) car has actually resulted in success.
Re: The government takeover of GM and Chrysler is...
I thought it was pretty clear by now that the American people had no interest in owning GM. Nice of the government to do exactly the opposite of what we wanted.
Re: The government takeover of GM and Chrysler is...
Timothy, I think it's perfectly clear by now that what the UAW wants is far more important to the Obama Administration and the Democratic Party Congress than what the American people want.
What's interesting is that the Obama Administration and the Democratic Party Congress will continue to have the support of the American people. Or, at least enough of it to stay in power.
Edit: I might add, that I am absolutely intrigued by the nativist sentiments involved in insisting that "we" must have an "American Automobile Industry" when the world is absolutely full of the kind of "diverse" and "multi-cultural" entities that are absolutely dying (almost literally one might say) to sell us cars. Even to the point of building factories in the land of the free and the home of the brave. And hiring the free and the brave to work in 'em.
Shows to go ya, I guess, "plus ça change, plus c'est la meme chose." Who'd'a guessed the frogs would have anticipated our dear leader.
Re: The government takeover of GM and Chrysler is...
In a nutshell, that summarizes the problem with a democratic polis. A critical voting bloc - in Friedman's terms, a concentrated interest - can over-ride the will of the general population and/or the long term interests of the population as a whole. I say "and/or" because sometimes the majority insists on something that is not viable. "Social Security" for an example. On the whole, I think the majority is right more often than wrong, but there is an inherent tendency to a short-term view in a democracy.
I realize this is preaching to the choir, but it is the primary reason for limited government in my view.
Re: The government takeover of GM and Chrysler is...
Was it cobalt blue?
Re: The government takeover of GM and Chrysler is...
No amount of bailout money will make people want to buy GM's shitty, shitty cars.
Re: The government takeover of GM and Chrysler is...
Ah, Ruzzel, not bad, but not nearly as good as your other attempt.