Comments on: A Bailout for Detroit? http://www.nothirdsolution.com/2008/10/20/a-bailout-for-detroit/ Blogging about liberty, anarchy, economics and politics Fri, 06 Jan 2012 21:07:44 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: no third solution » Blog Archive » Will General Motors Go Bankrupt? http://www.nothirdsolution.com/2008/10/20/a-bailout-for-detroit/comment-page-1/#comment-4486 no third solution » Blog Archive » Will General Motors Go Bankrupt? Sat, 08 Nov 2008 00:52:02 +0000 http://nothirdsolution.com/?p=1152#comment-4486 [...] the merger talks with Chrysler are temporarily on hold, but GM (actually all of the Big 3) is still pandering for a bailout in the neighborhood of $25-50 Billion. A bailout is the only thing that could possibly keep General [...] [...] the merger talks with Chrysler are temporarily on hold, but GM (actually all of the Big 3) is still pandering for a bailout in the neighborhood of $25-50 Billion. A bailout is the only thing that could possibly keep General [...]

]]> By: Brad G http://www.nothirdsolution.com/2008/10/20/a-bailout-for-detroit/comment-page-1/#comment-4481 Brad G Fri, 07 Nov 2008 18:45:40 +0000 http://nothirdsolution.com/?p=1152#comment-4481 Don't get my dad started on where Ford had to buy their supplies from either. I can't remember exactly but its either the State of Michigan or the UAW that has a law which makes Ford buy its supplies from minority owned businesses. My dad told me stories about how those businesses were more expensive (probably because they knew Ford HAD to buy from them) than their non-minority owned competitors, much slower, and horrible customer service. I wonder if things like this helped the demise of Ford. Probably so. Don’t get my dad started on where Ford had to buy their supplies from either. I can’t remember exactly but its either the State of Michigan or the UAW that has a law which makes Ford buy its supplies from minority owned businesses. My dad told me stories about how those businesses were more expensive (probably because they knew Ford HAD to buy from them) than their non-minority owned competitors, much slower, and horrible customer service. I wonder if things like this helped the demise of Ford. Probably so.

]]> By: no third solution » Blog Archive » There’s This Thing Called “Moral Hazard” http://www.nothirdsolution.com/2008/10/20/a-bailout-for-detroit/comment-page-1/#comment-4433 no third solution » Blog Archive » There’s This Thing Called “Moral Hazard” Mon, 03 Nov 2008 03:56:29 +0000 http://nothirdsolution.com/?p=1152#comment-4433 [...] relative demerits of even more corporate welfare notwithstanding, Creating a welfare system that is fair and sustainable for all involved would [...] [...] relative demerits of even more corporate welfare notwithstanding, Creating a welfare system that is fair and sustainable for all involved would [...]

]]> By: Papa G http://www.nothirdsolution.com/2008/10/20/a-bailout-for-detroit/comment-page-1/#comment-4380 Papa G Wed, 22 Oct 2008 01:48:42 +0000 http://nothirdsolution.com/?p=1152#comment-4380 David, Good comments on corporate welfare. Just like I am appaled at the notion of government with trillions of dollars in debt wanting to bail out a non competitive entity. While I worked at Ford Motor and now receive a retirement I saw first hand some of the decosion making at the helm of the corporation. Couldn't believe that the employees of the company witnessed corporate greed over long term security of the company. By corporate greed, I mean short term profits equal good returns for the stock holders which equals great big fat bonuses for upper management teams at Ford Motor. Will say I made a good living and was able to put Sean and Brad through college, it always amazed me though that management had the tools and the foresight to see the drastic changes on the horizon and neglected to implement any solutions. As you can see I hold the Big 3 management teams as the problems for the rust belt states and in particular, here in Michigan. Now they want a bailout...they made the mistakes and they want our money. So does Wall Street . If the Wall Street bailouts work out OK, will the government put some of the profits in the hands of the citizens of the United States....proably not ! If the bailots of the Big 3 proves to be successful..will the government put the profits in our accounts. Again...probably not !! Will the Big 3 give you a company discount on the car of choice...maybe. I already get a Ford discount and can get you one whenever you want it. The Government needs to stay out of the bailout business. Make the business leaders accountable and if they fall off course...then have them removed. David,

Good comments on corporate welfare. Just like I am appaled at the notion of government with trillions of dollars in debt wanting to bail out a non competitive entity. While I worked at Ford Motor and now receive a retirement I saw first hand some of the decosion making at the helm of the corporation. Couldn’t believe that the employees of the company witnessed corporate greed over long term security of the company. By corporate greed, I mean short term profits equal good returns for the stock holders which equals great big fat bonuses for upper management teams at Ford Motor. Will say I made a good living and was able to put Sean and Brad through college, it always amazed me though that management had the tools and the foresight to see the drastic changes on the horizon and neglected to implement any solutions. As you can see I hold the Big 3 management teams as the problems for the rust belt states and in particular, here in Michigan. Now they want a bailout…they made the mistakes and they want our money. So does Wall Street . If the Wall Street bailouts work out OK, will the government put some of the profits in the hands of the citizens of the United States….proably not ! If the bailots of the Big 3 proves to be successful..will the government put the profits in our accounts. Again…probably not !! Will the Big 3 give you a company discount on the car of choice…maybe. I already get a Ford discount and can get you one whenever you want it. The Government needs to stay out of the bailout business. Make the business leaders accountable and if they fall off course…then have them removed.

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