Government taking over private businesses?

[25beengoodtome]

 Did you hear about General motors? How our government fored the president of General motors to force the CEO out. The Bail-out funds were denied, if the CEO did not resign. Crazy, We're supposed to be free,  having private businesses. When will the government back off, and take care of our security? I'd hate to be President, there's just too many problems to deal with, in & out of our country.

[Eilish]

SOCIALISM

[sweetie00]

I think they should stay out, but if they are getting money, then govt. make the rules. BTW- he is getting 20million  for losing 30 billion dollars. I don't know the ins and outs of economics, but govt. intervention is not good. There should be more separation between state and free market.  The thing that really gets to me is that private corporations "buy" votes. Lobbying. They are so intertwined, it's really messed up. Should the govt. bail out GM, etc? No way. We didn't bail out horse and buggy makers. Businesses fail for a reason. So be it. We will rebuild something even better.

[sassyandy124]

When will the government back off, and take care of our security?   Now, probably not ever w/o some kind of serious action by the people. Historically whenever the gov't seized or was given power by the people they NEVER gave it back. The bailouts have become a joke. They are now a club that Obama uses to ensure HIS wishes are met. This is nothing short of extortion. Do what I want or you don't get help. Let me call the shots or no help. Personally I think at this point, Chrysler an GM need to tell him to F*CK off. Declare bankruptcy, and let his smart ass deal with the MILLIONS that will then FLOOD unemployment. Maybe THEN he will understand, he's not God and he doesn't have all the answers.

 

[curlykit]

I really believe that the line between private enterprise and government is crossed when private companies ASK the government for financial assistance. Nobody on earth gives away such large amounts of money and neglect to inquire about their return on the interest. Even people do it, if someone asks you for  money, you may be inclined to ask why and if you're asking for it back, there is a greater chance you want to know how that's going to happen.

It was business as soon as GM asked the gov't for money. Any other institution would have demanded some proof that the money they were going to hand over and INVEST in GM was going to be returned. Business is here for profit, not charity. We don't criticize Banks for getting in people's business when people go to them for money. It's THEIR money. When YOU invest in a stock, don't you automatically become part owner of the company? Your rights to decisions vary depending on the terms of what and how much you own. It's the same thing with the gov't.

In most cases, piss poor management of money means the CEO gets the boot.

[canthaveboys1]

I am sick and tired of bailing out these companies that cant get their crap together.  I have said it before and I will say it again, we have bigger problems and need to put that money elsewere.  

[ddbz]

I guess another option would be to let let GM fail and let all those workers lose their jobs. 

[WImom2]

YEP!!!! We should have a funeral in memory of the free market! Thank God this is only 4 years.

Quoting Eilish:

SOCIALISM

[WImom2]

Don't you see it will fail period. GM makes CARS, if banks do not lend out of fear, and people will not spend out of fear, GM can not SELL cars. What- we should just let them keep making useless product and costing the US Billions of dollars, all for nothing?

Quoting ddbz:

I guess another option would be to let let GM fail and let all those workers lose their jobs. 

[Eilish]

Quoting ddbz:

I guess another option would be to let let GM fail and let all those workers lose their jobs. 

This may seem cruel to you, but the market MUST experience depressions from time to time. That is how the market balances itself out. What does up must come down, and what goes down must inevitably come up. It is cyclical, it's gotta happen if we want to keep our free market, and keep socialism from sneaking up.

[sassyandy124]

Quoting ddbz:

I guess another option would be to let let GM fail and let all those workers lose their jobs. 

    That's exactly what they should do. WHY? First to show Obama that he can not extort the private sector, and second those workers are a BIG part of the problem. The UAW has bled the big three dry for decades. When people are making $30 an hr to put a sticker on a windshield, $20 to sweep the floor, not even showing up for work and having a buddy punch them in and out, sleeping in the parking lot, etc.... I could go on and on, there is a HUGE problem. It's NOT every employee, but it's A LOT and the UAW is responsible. Obama wants to play 'scare' tactics, until they give him what they want, the CEO's (I am not saying that they aren't responsible as well) are still vacationing in Traverse City, and MI is dying. The average person can not find a job to save their life, and the whole state is going bankrupt. More people than just GM and Chrysler are at risk, there are all the people that work for the co.'s that make parts FOR the automakers, and all the other 'support' manufacturers. If the big three go under I will bet you that close to 40% of Mi will go on unemployment. (Factoring in those support jobs) Mi will essentially die, it could very likely send un into a depression that makes the Great one look like a mild recession, but it's more important to Obama to get his way.