Diamondpilot
Super Star Member
- Joined
- Jan 18, 2007
- Messages
- 16,316
- Location
- Daleville, IN
- Tractor
- Jinma 254/284 Ford 861 Powermaster at work
And of course the 10X as many people's lives they enriched by giving them a lifetime of employment and retirement and health benefits to their families???? We'll just ignore them?![]()
Plain and simple the unions killed that deal but there were promised made by the current administration to earn votes that had to be taken care of.
You are a business owner and they would not have bailed you out. They would have let you file bankruptcy and either re organize or just fail. If you failed the competition would have came in and bought up what was decent and the rest would have been allowed to blow away in the wind. Your employee's who lost jobs would have moved on and went to work for the competition. Its business 101.
In GM's case the crappy lines would have been allowed to dwindle to nothing and the decent lines like Chevy, Caddy, GMC, & Buick would have been picked up by others. The folks that lost jobs would be in a world of hurt for a while but the other auto manufactures would gain market share and there would have been employment opportunities there.
Here is how a government incentive package or bail out works:
A traveling salesman rolls into town and stops at the local hotel. He pays $100 for his room and heads upstairs. Quickly the hotel owner runs across the street and pays the butcher for the meat he got on credit. The butcher takes that same $100 and pays the farmer for the live stock he got on credit. The farmer takes that same $100 to the co-op and pays the owner for the feed he got on credit. The co-op owner takes that $100 and pays the town prostitute for the services he got on credit. She takes the $100 back to the hotel and pays for the room she got on credit. About that time the salesman comes down and says the room is not satisfactory and wants his $100 back. He loads up in his car and heads to the next town.
Every one has been paid but no money has been pumped into the local economy.
So the question is did this do us any good? Unemployment is still at 10%....
Chris