another bailout, yarrr! - Page 5 - U.S. Politics Online: A Political Discussion Forum

Aerothrottle · #61 (**permalink**) 01-03-2009

Quote:

Originally Posted by CDavidNeely

You know what. Ever time I think this fucking forum is a place to have a conversation I run into some asshole like you who takes to insulting people. I was talking about the current situation evolving in this country. Instead of decent rebutals I get some shitty comment about how I need to stop watching Green Acres. Give me a fucking break.

I've had it with this fucking forum.......

Now, now, Here is a thought you might need right now...

There are times in life when we must remove ourselves from the daily flow in order to reacquire our center. Our center is the location from where all our actions flow. If that center is corrupted by the pollutants of life then our actions cannot be "right actions".

Sunshine · #62 (**permalink**) 01-03-2009

Quote:

Originally Posted by Machjo

Taxes, of course. Yes, that dreaded word. I prefer letting the free market solve its problems usually, but as far as companies poeaching from others is concenrned, it would be in the national interest to ensure that companies feel comfortable to upgrade workers' skills without fear of poaching from other companies. Certainly it wouldn't be fair if one company is always upgrading its workers skills while another company poaches the workers with a small bonus. Obviously one company would be benefitting from the generosity of the other until finally the other could only go bankrupt under the unfair competition.

Alternatively, no company invests sufficienty for worker retraining, but then labour skills fall behind, and those companies in need of qualified workers start looking abroad. Not good for the US economy overall. While I like free markets, if we slavishly adhere to them even when it's clear that they're flawed, while more pragmatic countries are willing to experiment, then clearly companies will start moving there because of the security provided by ensuring that all companies invest in worker training, even if it is through personal income taxes taxes, with all of society contributing and benefitting from it, with no company fearing retraining its workers to ensure the economy works well.

Bu bu bu but Obama's not gonna raise taxes!

agoodfella · #63 (**permalink**) 01-03-2009

Quote:

Originally Posted by MeadHallPirate

*sighs and shakes his head*

ahoy and good morning mateys!

i asked this question musingly just a few weeks ago, but now the whole thing seems to be snowballin'...yet another industry that be too-big-to-fail be needin' a shot in the arm to get through these troubled times.

as i noted in 'nother thread, the current cost 'o the bailouts be 8.5 trillion, once loan and asset guarantees are included.

today, thar be this news....

http://www.nytimes.com/2009/01/02/bu...l.html?_r=1&hp

one trillion dollars is, give or take a 100 billion, around what Social security, medicare and medicaid will cost next year...imma getting confused as to how the government can keep raisin' these vast sums 'o monies.

be thar a limit fer this kinda government help, and eventually can't an arguement be made fer small businesses to get bailouts too? imma not talkin' about anythin' too crazy, maybe a half million each fer all 'o us?

aye?

-MeadHallPirate

Simple. Hold onto your checkbook, 'cause your taxes are going up -- big time.

Obama's promises looks like false ones for anyone naive enough to believe them in the first place. Seems like more things "CHANGE", more things stay the same.

Machjo · #64 (**permalink**) 01-03-2009

Quote:

Originally Posted by Sunshine

Bu bu bu but Obama's not gonna raise taxes!

Then he shouldn't be spending

All I'm saying is that if he's looking at increased spending, such a system would be much wiser than random bailouts to failing companies. If he insits on increasing spending to boost employment, then might as well make sure the spending is an investment and not a bailout, because if we look at history, it's common for recessions to be followed by labour shortages a few years later. The best way to prepare for that is to ensure that the workers are capable of producing as efficiently as possible to make up for the labour shortage otherwise inflaiton kicks in.

Now considering that the US spends more money as a percentage of GNP than practically any other developed country by far, and more money as a whole than practically all other nations combined, don't you think that a moderate reduction in military spending might be a wise idea seeing that the US economy is on the verge of bankruptcy already thanks to the war in Iraq still looking for WMD's? Your country already has enough nukes to blast the planet a few times over. Are you expecting a Klingon invasion or what? Star Trek is just a film.

Machjo · #65 (**permalink**) 01-03-2009

All I can say is I'm glad to be living North of the border. We might have high taxes, but at much of it comes back to us by way of education, health care, etc. Though granted our government sometimes does stupid things like spend on the arts, or official bilingualism etc.

But in the US it seems that most of your tax money doesn't go back to you in any way; it just goes to tanks and armour.

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