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Yes
No
Too close to call
I don't think outsourcing inevitably occurs. I think the unions make it necessary by making American labor so uncompetitive.
A structured bankruptcy would have voided all the union contracts and allowed the factories and intellectual property to go foreword without that burden.
I don't think you understand how things work in Iran. The ruling powers are very anti-Western, and while some Iranians like America, Bush's reign didn't improve our relations with them.
If Obama had been more supportive of the protesters, it would've been very easy for the ruling powers to turn this against them. Public sentiment would have shifted in the favor of the Ayatollah. This is essentially what Khamenei is trying to do right now by blaming the Islamic World's problems on the West.
The less involved we get, the harder it will be for him and others like him to manipulate public sentiment against revolution. Obama's choice to remain quiet was a good one.
That's not true at all, beyond the Taliban part.
The Hindu : News / International : After 28 days, U.S. drones back in action in Pak
It's possible that bankruptcy would have led to long term gains for GM production here, but frankly, American labor will always be more expensive than Russian labor, for example.
This course of action would have likely slowed moving production to Canada, but there are several other countries that GM has production in with much lower standards of living and cheaper labor.
The Iranians hate the regime. We hate the regime. Of course the regime would have declared foreign influence, they do no matter what. The fact remains that fraudulent election got enough Iranians in the streets to take control, if they had backing.
And they didn't get it.
Thats nice, but drones can't control territory.
That does not need to be the case.
We need to adopt robotic technology that eliminates the need for vast armies of blue collar labor. While individual factories will employ fewer workers, those jobs will pay better, and the technology will spread to other products, increasing manufacturing as a whole.
Um... We already do that. Payrolls have steadily decreased in number in automaking. The vast majority of labor in automaking is automated.
Breaking up the unions would allow for payrolls to decrease further, but technology is not the issue here.
There's also nothing keeping this same technology from being used in countries with cheaper labor.
I'm not sure how realistic that is, at least in the short run, but wouldn't it have been a far better solution to have helped GM break the union through bankruptcy and make manufacturing actually affordable here?
We essentially priced ourselves out of competition then paid the difference ourselves.
Last edited by Donahue; 02-21-2011 at 10:52 AM.
I agree. Again, I wasn't in favor of the bailouts. I was just explaining why Obama made the choices he did. He made a more politically palatable choice, which I think just about any other president would have done.
Even Reagan would have bailed out GM to some extent, if we can take his actual bailout of Chrysler as historical evidence that bailouts are bipartisan in nature.
I oppose government intervention there for the same reasons I oppose it when it comes to entitlement programs: it promotes bad behavior.
Why shouldn't Wall Street take as much risk as possible when we just showed them we'll cover their losses? There are worse things in life than a recession and I think the occasional downturn in the economic cycle promotes more responsible business.
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