Loc: Sunnyvale, CA mostly
Exactly, with frickin 2/3 of the GDP in services (with a number of huge bubbles, so huge that their massage leakage is seen as their inevitable pop that is not yet, retail death spiral, etc, etc), gazillions to fund with no absolutely no nut, a tax base death spiral.
So, they want to fund dead sterile stuff that will retard any chance at growth, reward the constituents and beneficiaries of this sterile stuff, increase this dead stuff (dollar down paper is starting to show up again, to "fuel" recovery in another stupid reboot of a stupid one bubble economy - it's a nobrainer, it's now secured by the government), increase a stupid government output (the funding load) as its input (tax base) death spirals, as the 1/3 that actually does something is pretty effectively cokkblocked by declining demand.
I don't know exactly what it is that people expect, a miracle? Well, pray to a rock for the three possible outcomes: Yes (probably not gonna happen), No (probably will happen), or Glacial Patience (same likelihood as No).
Or they could take under control that which they can control (and, unfortunately, in this exceptional time, as part of that process, that requires cognizance and headhunting of the braindead and incompetent, i.e., the majority of the current bureaucratic establishment).
It's pretty black and white what the key points are: Increase the vital 1/3 (new real tangible bubbles), increase their declined efficacy, fund it somehow, and since a priority auto-defines an anti-priority, quit promoting and funding cancer.
What's less black and white is how to accomplish this. There's numerous.
On my mean days I have a number of perverse suggestions.
I'm really worried that GM might go under. That would signal depression, I think. Not just for GM, but the hundreds of small and medium companies that have contracts with them. The ripple would be a wave through the business sector.
Loc: Sunnyvale, CA mostly
Well, the thing to remember is that GM is going under because of stupidity, not the economy, and these guys are two time losers (really bad losers, BTW, the worst of the worst, disregarding their own real credible intelligence, unlike the NeoCons, for example, believing hallucinated intelligence, i.e., these guys disregarded what they saw, whereas NeoCons saw what they believed).
I wouldn't feel that sorry for the ecosystem, either. They brought this upon themselves. Recent labor contracts, for example, mandate production quotas for the SUV platforms (which explains why they're still cranking out stuff that's worthless except as scrap metal).
Bailout or not, we lose either way. Well, we lose a lot less if we just let them die.
Kill em and go in and pick up the pieces, sell em and make the new owner responsible for an American-only workforce/rehiring, alternative energy platforms, the pensions, etc.
Loc: Pinellas Park, Florida
I don't know if letting them go under is a viable alternative, but if they do get "bailed out," attach the necessary conditions that they stop building family buses that no one can afford to even operate and build efficient, eco-friendly, affordable vehicles. If they don't, then cut the strings and then let them die.
Loc: Hampstead, MD, USA
Originally Posted By: soulotomy
Well, the thing to remember is that GM is going under because of stupidity, not the economy
I think it's a little of both, actually.
Similar with Circuit City. Had a discussion with a friend about Circuit City, he claimed it horrible that they were closing stores because of the economy. I just looked at him and asked if he'd noticed the rat holes the stores around here had become.
I used to frequent the place often, have some nice Carver amps and Polk speakers still cranking out the tunes that I bought there 15 years ago. But the stores were great then, a pleasure to enter and shop. When I went into one a few months back to look at digital cameras, I was quickly reminded why I stopped shopping there.
I won't miss them if they close, but I'll be there to see if I can pick over the carcass any.
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Loc: Sunnyvale, CA mostly
Well, the only real problem is the disposition of the pension funds. Other than that, the industry has valuable assets. What's stupid has been the transformations, the products, of those assets. A change of ownership could fix that.
Loc: Long Beach, CA
Being of the generation that remembers "Planned Obsolescence" as SOP with GM (and the rest of American automakers), it's hard to feel sympathetic to them now. For years, they ripped off the US consumer until we eventually got wise and started buying quality from Japan. Belatedly Detroit began to take tiny steps in the right direction, but then their fascination with gas guzzlers kicked in. Nope. Not sorry a bit. Except for the domino ripple effect on the economy.
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