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Originally Posted by Tsar
What is not communist about making everyone across the board pay the same wage to their workers as GM does, others didn't get themselves into that mess- why should they suffer?
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Suffer? Why should Americans suffer due to unfair trade advantage?
Why should millions of people be out of a job because of other goverments having a hand in the massive profits that the Japanese have pulled from the US?
Why should America give any advantage to anyone that isnt supporting American GDP?
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They ruined their own reputation by producing subpar product; now the consumer does not want anything to do with them, and you are asking who is to blame?
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What does past have to do with the present? American consumers are still buying GM product, and with thier advancements in quality vehicles, why stop now?
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Is there a point in there some where or do you just wanna bitch and moan about GM not getting the 25 billion?
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Point is that the major problem people have with givng the Big 3 25 billion is because they will squader it, but the banks have done nothing but squander.
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Surely we are not paying out of our own pocket right now, but correct me if I'm wrong (anyone); printing trillions of dollars will result in inflation, which will greatly reduce the buying power of the dollar, which in turn will make it worthless if we start printing money like Zimbabwe ( you know that everyone in Zimbabwe is a millionaire, right?). Retirement, savings, insurance, pensions, and annuities will go to crap; in addition you will be able to buy less food and clothing. And you think if companies will compensate with higher wages, well you are wrong again, your money will depreciate faster than any raise you will ever get, which in turn will make you piss poor. Wages will take years to catch up. So how much do you want to live in Zimbabwe and be a millionaire?
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The goverment knows how to get out of inflationary situations. Thats the least of thier problems.
Id rather have an inflation problem, then a depression problem.
Yes, yay for the bailout.
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P.S. I forgot to add, protecting the national manufacturer does not always work, if people believe that they are producing an inferior product they will not buy anyways. No matter how much you tax "the bad guy".
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Agreed, but we will cross that bridge when we get there. GM has shown it can make class leading product, and has continued to do so.
Hell, for all intents and purposes, the only problem Toyota woudl have would be the lack of profit it would make in North America. It doesnt matter if they take #1 globally, but preventing the profiteering off the kindness of America must end.
As for future foriegn investments, any and all other foreign automakers that want to come to the US must work in conjunction with US automakers, build in US auto plants, giving them a step into America, but keeping them under the control of the US Automakers.