soo lets talk about ford for a second
I did read it. I quoted it. In fact, I'll do it again.
You should try writing what you mean.
Your two statements are not the same. There's a fundamental difference between "for making such chitty product for so long." and "needs to be bailed out by the government with our tax money, they shouldn't be allowed to exist."
It has nothing to do with making "chitty product". There are plenty of "chitty product" that are produced all the time. The issue lies in that nothing has been done to address long standing problems within the automobile industry. These companies have been in trouble and limping along since the 80s and have failed to do anything to fix the problems.
And that is why I am fundamentally opposed to the bailout plans. I fully understand the economic ramifications that will ensue when/if one or more of the Big 3 go out of business, however, I feel that it's a necessity. I understand that there will be many, many people put in dire straights in the event that a collapse occurs. I have family that works at GM.
However, business owners need to realize that they can not fail to maintain their business in a reasonable manner, let it flounder into an unrecoverable state, suffer irreparable financial damages, and expect that the government will be there, handing out OUR tax dollars to save them from the own idiocy, apathy, and complacence.
The financial industry was the start of what I presumed would be a very bad trend, and it seems as though I was right. It started with bailing them out for making poor decisions regarding a borrowers strength, securing loans against other loans, and the whole thing crumbled. Now, the Big 3 think that they should get some money because THEY made decisions. Tesla Motors is the most recent to ask for a bailout.
That's not the way things work.
I can't ask the government for a bailout because I can't afford the 80" LCD TV that I bought from Best Buy and therefore didn't make any payments, and expect to keep it. I understand that this is an almost near infinitely smaller scale analogy.
If there are no repercussions for unacceptable behavior, then there is no incentive to alter that behavior.
You should try writing what you mean.
Your two statements are not the same. There's a fundamental difference between "for making such chitty product for so long." and "needs to be bailed out by the government with our tax money, they shouldn't be allowed to exist."
It has nothing to do with making "chitty product". There are plenty of "chitty product" that are produced all the time. The issue lies in that nothing has been done to address long standing problems within the automobile industry. These companies have been in trouble and limping along since the 80s and have failed to do anything to fix the problems.
And that is why I am fundamentally opposed to the bailout plans. I fully understand the economic ramifications that will ensue when/if one or more of the Big 3 go out of business, however, I feel that it's a necessity. I understand that there will be many, many people put in dire straights in the event that a collapse occurs. I have family that works at GM.
However, business owners need to realize that they can not fail to maintain their business in a reasonable manner, let it flounder into an unrecoverable state, suffer irreparable financial damages, and expect that the government will be there, handing out OUR tax dollars to save them from the own idiocy, apathy, and complacence.
The financial industry was the start of what I presumed would be a very bad trend, and it seems as though I was right. It started with bailing them out for making poor decisions regarding a borrowers strength, securing loans against other loans, and the whole thing crumbled. Now, the Big 3 think that they should get some money because THEY made decisions. Tesla Motors is the most recent to ask for a bailout.
That's not the way things work.
I can't ask the government for a bailout because I can't afford the 80" LCD TV that I bought from Best Buy and therefore didn't make any payments, and expect to keep it. I understand that this is an almost near infinitely smaller scale analogy.
If there are no repercussions for unacceptable behavior, then there is no incentive to alter that behavior.
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Mar 23, 2020 01:45 PM