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Date: 07 Dec 2008 21:36:52
From: johnny_t
Subject: First AIG and now this...
This is on of the precise reasons that governments shouldn't get
involved with bailouts and the problems of socialization...

__________________________

By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
THE ASSOCIATED PRESS

CHICAGO -- An influential senator drafting a multibillion-dollar bailout
for Detroit's Big Three automakers said Sunday that the head of General
Motors should step down, while President-elect Barack Obama accused car
industry executives of a persistent "head-in-the-sand approach" to
long-festering problems.

Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
"has to move on" as part of a government-run restructuring that should
be a condition of financial life support for the auto industry.

__________________________

WHAT the FUCK does Chris Dodd know about anything? And why should the
conditions of a loan allow some random Senator get to dictate to the
corporation the micromanagement of the company.

When governments do this, industries fail.

Look, even the right wingers here seem to understand three tier
compensation structures and the extreme value of bright shiny objects.
The almost complete misunderstanding of sales compensation.

Governments need to stop micromanaging business. And they need to let
the business cycle work.

Moral Hazard is real. We are on the precipice of not useful change, we
are on the precipice of socialization. This will result in LOWER
productivity and a LOWER standard of living for everyone.




 
Date: 08 Dec 2008 14:29:09
From:
Subject: Re: First AIG and now this...
On Dec 8, 12:36=A0am, johnny_t <nobod...@home.com > wrote:
>
> WHAT the FUCK does Chris Dodd know about anything? =A0And why should the
> conditions of a loan allow some random Senator get to dictate to the
> corporation the micromanagement of the company.

The government shouldn't be giving the goddamn loan in the first
place. That's the real problem. But seeing as how the auto companies
are begging for a ton of money, and the goverment seems intent on
providing it, what would you expect? The auto companies don't have to
take the loan.

But really, laying down conditions, oversight, etc. is just a feel-
good exercise. Congress knows that giving the loan is fundamentally
wrong, so they are attaching conditions and oversight as a way of
making themselves feel better about it, as a way of legitimizing what
they're doing. That's why they are micromanaging.

Why can't some people (in the goverment, in particular) simply
understand that some businesses are destined to fail? It's not a crime
to let companies fail. It's OK. Nature takes care of everything in the
long run, rest assured.

This whole auto loan mess can be summed up in poker terms: the
goverment is staking a losing poker player. And like with any losing
player, no amount of money is enough...you can't make a loser a winner
simply by giving him a bigger bankroll. The losing player will lose
his money, because that's what he does. This auto bailout is throwing
money out the window...it's like giving Jamie Gold $15 billion to play
poker with.

JG




 
Date: 08 Dec 2008 07:44:45
From: bgadams
Subject: Re: First AIG and now this...
On Dec 8 2008 1:36 AM, johnny_t wrote:

> This is on of the precise reasons that governments shouldn't get
> involved with bailouts and the problems of socialization...
>
> __________________________
>
> By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> THE ASSOCIATED PRESS
>
> CHICAGO -- An influential senator drafting a multibillion-dollar bailout
> for Detroit's Big Three automakers said Sunday that the head of General
> Motors should step down, while President-elect Barack Obama accused car
> industry executives of a persistent "head-in-the-sand approach" to
> long-festering problems.
>
> Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
> "has to move on" as part of a government-run restructuring that should
> be a condition of financial life support for the auto industry.
>
> __________________________
>
> WHAT the FUCK does Chris Dodd know about anything? And why should the
> conditions of a loan allow some random Senator get to dictate to the
> corporation the micromanagement of the company.

Holding the CEO accountable is hardly micromanagement. All 3 automakers
have already agreed that there would be conditions attached to the loan.

>
> When governments do this, industries fail.

The whole reason for the loan is that the US auto industry has already
failed. They are begging for taxpayer money, even with government
intervention. It is not being forced on them

>
> Look, even the right wingers here seem to understand three tier
> compensation structures and the extreme value of bright shiny objects.
> The almost complete misunderstanding of sales compensation.
>
> Governments need to stop micromanaging business. And they need to let
> the business cycle work.
>
> Moral Hazard is real. We are on the precipice of not useful change, we
> are on the precipice of socialization. This will result in LOWER
> productivity and a LOWER standard of living for everyone.

--- 
: the next generation of web-newsreaders : http://www.recgroups.com



 
Date: 08 Dec 2008 01:59:27
From: Irish Mike
Subject: Re: First AIG and now this...

"johnny_t" <nobodyis@home.com > wrote in message
news:00417555$0$23795$c3e8da3@news.astraweb.com...
> This is on of the precise reasons that governments shouldn't get involved
> with bailouts and the problems of socialization...
>
> __________________________
>
> By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> THE ASSOCIATED PRESS
>
> CHICAGO -- An influential senator drafting a multibillion-dollar bailout
> for Detroit's Big Three automakers said Sunday that the head of General
> Motors should step down, while President-elect Barack Obama accused car
> industry executives of a persistent "head-in-the-sand approach" to
> long-festering problems.
>
> Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner "has
> to move on" as part of a government-run restructuring that should be a
> condition of financial life support for the auto industry.
>
> __________________________
>
> WHAT the FUCK does Chris Dodd know about anything? And why should the
> conditions of a loan allow some random Senator get to dictate to the
> corporation the micromanagement of the company.

Hey bucko, just for the record Chris Dodd has been chairman of the Senate
banking committee for the last two years, and F-MAE and F-MAC lost 90% of
their stock value under his "leadership". And, by some strange coinicdence,
Dodd is also the politican who received the biggest cash contributions from
F-MAE and F-MAC. (Obama was number two). Not to mention that Dodd was one
of the biggest supporters of the Democrat's subprime entitlement mortgage
loan program. So if you want some one to further fuck up the economy, he
and his pal Barney Frank, are well qualified to take it straight down the
shitter.

Irish Mike




  
Date: 08 Dec 2008 10:34:46
From: da pickle no spam
Subject: Re: First AIG and now this...
On Dec 8, 4:42 am, "da pickle" <jcpickels@(nospam)hotmail.com > wrote:
> "Irish Mike"
>
>
>
> >> "da pickle [not] no spam" You tell 'em I-Rush Mike. And don't forget . .
> >> . none of this is
> >> George Bush's fault. He has been a great leader.
>
> > No, Bush fucked up by not standing up to the Democrats and exposing the
> > whole subprime loan disaster before it greased the skids to put the
> > economy in a tail spin. Plenty of blame to go around but it you want to
> > look at the five biggest supporters of the subprime mortgage disaster
> > it's: Bill Clinton, Chris Dodd, Chuck Schumer, Barney Frank and Barak
> > Obama.
>
> This guy still finds it too risky to axo his own posts. Fishy.

OK. Sorry.

John C Pickels (da pickle)

P.S. At least I don't post using someone else's handle like you.


  
Date: 07 Dec 2008 23:23:14
From: Howard Beale
Subject: Re: First AIG and now this...
On Dec 7 2008 11:59 PM, Irish Mike wrote:

> "johnny_t" <nobodyis@home.com> wrote in message
> news:00417555$0$23795$c3e8da3@news.astraweb.com...
> > This is on of the precise reasons that governments shouldn't get involved
> > with bailouts and the problems of socialization...
> >
> > __________________________
> >
> > By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> > THE ASSOCIATED PRESS
> >
> > CHICAGO -- An influential senator drafting a multibillion-dollar bailout
> > for Detroit's Big Three automakers said Sunday that the head of General
> > Motors should step down, while President-elect Barack Obama accused car
> > industry executives of a persistent "head-in-the-sand approach" to
> > long-festering problems.
> >
> > Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> > Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner "has
> > to move on" as part of a government-run restructuring that should be a
> > condition of financial life support for the auto industry.
> >
> > __________________________
> >
> > WHAT the FUCK does Chris Dodd know about anything? And why should the
> > conditions of a loan allow some random Senator get to dictate to the
> > corporation the micromanagement of the company.
>
> Hey bucko, just for the record Chris Dodd has been chairman of the Senate
> banking committee for the last two years, and F-MAE and F-MAC lost 90% of
> their stock value under his "leadership". And, by some strange coinicdence,
> Dodd is also the politican who received the biggest cash contributions from
> F-MAE and F-MAC. (Obama was number two). Not to mention that Dodd was one
> of the biggest supporters of the Democrat's subprime entitlement mortgage
> loan program. So if you want some one to further fuck up the economy, he
> and his pal Barney Frank, are well qualified to take it straight down the
> shitter.
>
> Irish Mike

You saved me a lot of typing, ty.


Howard Beale

---- 
looking for a better newsgroup-reader? - www.recgroups.com




  
Date: 07 Dec 2008 23:12:09
From: da pickle no spam
Subject: Re: First AIG and now this...
On Dec 7, 10:59 pm, "Irish Mike" <mjos...@ameritech.net > wrote:
> "johnny_t" <nobod...@home.com> wrote in message
>
> news:00417555$0$23795$c3e8da3@news.astraweb.com...
>
>
>
> > This is on of the precise reasons that governments shouldn't get involved
> > with bailouts and the problems of socialization...
>
> > __________________________
>
> > By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> > THE ASSOCIATED PRESS
>
> > CHICAGO -- An influential senator drafting a multibillion-dollar bailout
> > for Detroit's Big Three automakers said Sunday that the head of General
> > Motors should step down, while President-elect Barack Obama accused car
> > industry executives of a persistent "head-in-the-sand approach" to
> > long-festering problems.
>
> > Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> > Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner "has
> > to move on" as part of a government-run restructuring that should be a
> > condition of financial life support for the auto industry.
>
> > __________________________
>
> > WHAT the FUCK does Chris Dodd know about anything? And why should the
> > conditions of a loan allow some random Senator get to dictate to the
> > corporation the micromanagement of the company.
>
> Hey bucko, just for the record Chris Dodd has been chairman of the Senate
> banking committee for the last two years, and F-MAE and F-MAC lost 90% of
> their stock value under his "leadership". And, by some strange coinicdence,
> Dodd is also the politican who received the biggest cash contributions from
> F-MAE and F-MAC. (Obama was number two). Not to mention that Dodd was one
> of the biggest supporters of the Democrat's subprime entitlement mortgage
> loan program. So if you want some one to further fuck up the economy, he
> and his pal Barney Frank, are well qualified to take it straight down the
> shitter.
>
> Irish Mike

You tell 'em I-Rush Mike. And don't forget . . . none of this is
George Bush's fault. He has been a great leader.


   
Date: 08 Dec 2008 03:26:30
From: Irish Mike
Subject: Re: First AIG and now this...

"da pickle no spam" <jcpickeIs@hotmail.com > wrote in message
news:f6f36836-c8e8-49c3-8fc9-e7220cc8eea2@j38g2000yqa.googlegroups.com...
> On Dec 7, 10:59 pm, "Irish Mike" <mjos...@ameritech.net> wrote:
>> "johnny_t" <nobod...@home.com> wrote in message
>>
>> news:00417555$0$23795$c3e8da3@news.astraweb.com...
>>
>>
>>
>> > This is on of the precise reasons that governments shouldn't get
>> > involved
>> > with bailouts and the problems of socialization...
>>
>> > __________________________
>>
>> > By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
>> > THE ASSOCIATED PRESS
>>
>> > CHICAGO -- An influential senator drafting a multibillion-dollar
>> > bailout
>> > for Detroit's Big Three automakers said Sunday that the head of General
>> > Motors should step down, while President-elect Barack Obama accused car
>> > industry executives of a persistent "head-in-the-sand approach" to
>> > long-festering problems.
>>
>> > Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
>> > Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
>> > "has
>> > to move on" as part of a government-run restructuring that should be a
>> > condition of financial life support for the auto industry.
>>
>> > __________________________
>>
>> > WHAT the FUCK does Chris Dodd know about anything? And why should the
>> > conditions of a loan allow some random Senator get to dictate to the
>> > corporation the micromanagement of the company.
>>
>> Hey bucko, just for the record Chris Dodd has been chairman of the Senate
>> banking committee for the last two years, and F-MAE and F-MAC lost 90% of
>> their stock value under his "leadership". And, by some strange
>> coinicdence,
>> Dodd is also the politican who received the biggest cash contributions
>> from
>> F-MAE and F-MAC. (Obama was number two). Not to mention that Dodd was
>> one
>> of the biggest supporters of the Democrat's subprime entitlement mortgage
>> loan program. So if you want some one to further fuck up the economy, he
>> and his pal Barney Frank, are well qualified to take it straight down the
>> shitter.
>>
>> Irish Mike
>
> You tell 'em I-Rush Mike. And don't forget . . . none of this is
> George Bush's fault. He has been a great leader.

No, Bush fucked up by not standing up to the Democrats and exposing the
whole subprime loan disaster before it greased the skids to put the economy
in a tail spin. Plenty of blame to go around but it you want to look at the
five biggest supporters of the subprime mortgage disaster it's: Bill
Clinton, Chris Dodd, Chuck Schumer, Barney Frank and Barak Obama.

Irish Mike




    
Date: 08 Dec 2008 06:42:35
From: da pickle
Subject: Re: First AIG and now this...
"Irish Mike"
>
>> "da pickle [not] no spam" You tell 'em I-Rush Mike. And don't forget . .
>> . none of this is
>> George Bush's fault. He has been a great leader.
>
> No, Bush fucked up by not standing up to the Democrats and exposing the
> whole subprime loan disaster before it greased the skids to put the
> economy in a tail spin. Plenty of blame to go around but it you want to
> look at the five biggest supporters of the subprime mortgage disaster
> it's: Bill Clinton, Chris Dodd, Chuck Schumer, Barney Frank and Barak
> Obama.

This guy still finds it too risky to axo his own posts. Fishy.




  
Date: 07 Dec 2008 23:09:23
From: RussGeorgiev@aol.com
Subject: Re: First AIG and now this...
You must have forgotten the $700,000,000 we had to give to AIG and
others instantly. The only difference between you and myself is you
really believe there's a big difference between who gets to be
President or who runs the government. The difference to me, is who
stacks the Supreme Court. Now how many Catholics have we on the
Supreme Court? Then tell me what percentage of the US population is
Catholic. Let math solve the problem, not religion.





On Dec 7, 10:59=EF=BF=BDpm, "Irish Mike" <mjos...@ameritech.net > wrote:
> "johnny_t" <nobod...@home.com> wrote in message
>
> news:00417555$0$23795$c3e8da3@news.astraweb.com...
>
>
>
>
>
> > This is on of the precise reasons that governments shouldn't get involv=
ed
> > with bailouts and the problems of socialization...
>
> > __________________________
>
> > By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> > THE ASSOCIATED PRESS
>
> > CHICAGO -- An influential senator drafting a multibillion-dollar bailou=
t
> > for Detroit's Big Three automakers said Sunday that the head of General
> > Motors should step down, while President-elect Barack Obama accused car
> > industry executives of a persistent "head-in-the-sand approach" to
> > long-festering problems.
>
> > Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> > Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner "=
has
> > to move on" as part of a government-run restructuring that should be a
> > condition of financial life support for the auto industry.
>
> > __________________________
>
> > WHAT the FUCK does Chris Dodd know about anything? =EF=BF=BDAnd why sho=
uld the
> > conditions of a loan allow some random Senator get to dictate to the
> > corporation the micromanagement of the company.
>
> Hey bucko, just for the record Chris Dodd has been chairman of the Senate
> banking committee for the last two years, and F-MAE and F-MAC lost 90% of
> their stock value under his "leadership". =EF=BF=BDAnd, by some strange c=
oinicdence,
> Dodd is also the politican who received the biggest cash contributions fr=
om
> F-MAE and F-MAC. =EF=BF=BD(Obama was number two). =EF=BF=BDNot to mention=
that Dodd was one
> of the biggest supporters of the Democrat's subprime entitlement mortgage
> loan program. =EF=BF=BDSo if you want some one to further fuck up the eco=
nomy, he
> and his pal Barney Frank, are well qualified to take it straight down the
> shitter.
>
> Irish Mike- Hide quoted text -
>
> - Show quoted text -



 
Date: 07 Dec 2008 22:13:34
From: RussGeorgiev@aol.com
Subject: Re: First AIG and now this...
Waht do you know?




On Dec 7, 9:36=EF=BF=BDpm, johnny_t <nobod...@home.com > wrote:
> This is on of the precise reasons that governments shouldn't get
> involved with bailouts and the problems of socialization...
>
> __________________________
>
> By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> THE ASSOCIATED PRESS
>
> CHICAGO -- An influential senator drafting a multibillion-dollar bailout
> for Detroit's Big Three automakers said Sunday that the head of General
> Motors should step down, while President-elect Barack Obama accused car
> industry executives of a persistent "head-in-the-sand approach" to
> long-festering problems.
>
> Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
> "has to move on" as part of a government-run restructuring that should
> be a condition of financial life support for the auto industry.
>
> __________________________
>
> WHAT the FUCK does Chris Dodd know about anything? =EF=BF=BDAnd why shoul=
d the
> conditions of a loan allow some random Senator get to dictate to the
> corporation the micromanagement of the company.
>
> When governments do this, industries fail.
>
> Look, even the right wingers here seem to understand three tier
> compensation structures and the extreme value of bright shiny objects.
> The almost complete misunderstanding of sales compensation.
>
> Governments need to stop micromanaging business. =EF=BF=BDAnd they need t=
o let
> the business cycle work.
>
> Moral Hazard is real. =EF=BF=BDWe are on the precipice of not useful chan=
ge, we
> are on the precipice of socialization. =EF=BF=BDThis will result in LOWER
> productivity and a LOWER standard of living for everyone.



 
Date: 07 Dec 2008 22:06:07
From: risky biz
Subject: Re: First AIG and now this...
On Dec 7 2008 10:36 PM, johnny_t wrote:

> This is on of the precise reasons that governments shouldn't get
> involved with bailouts and the problems of socialization...
>
> __________________________
>
> By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> THE ASSOCIATED PRESS
>
> CHICAGO -- An influential senator drafting a multibillion-dollar bailout
> for Detroit's Big Three automakers said Sunday that the head of General
> Motors should step down, while President-elect Barack Obama accused car
> industry executives of a persistent "head-in-the-sand approach" to
> long-festering problems.
>
> Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
> "has to move on" as part of a government-run restructuring that should
> be a condition of financial life support for the auto industry.
>
> __________________________
>
> WHAT the FUCK does Chris Dodd know about anything? And why should the
> conditions of a loan allow some random Senator get to dictate to the
> corporation the micromanagement of the company.
>
> When governments do this, industries fail.
>
> Look, even the right wingers here seem to understand three tier
> compensation structures and the extreme value of bright shiny objects.
> The almost complete misunderstanding of sales compensation.
>
> Governments need to stop micromanaging business. And they need to let
> the business cycle work.
>
> Moral Hazard is real. We are on the precipice of not useful change, we
> are on the precipice of socialization. This will result in LOWER
> productivity and a LOWER standard of living for everyone.

In the other thread your prescription was for the American auto industry
to be taken over by the Japanese. The same Japanese that guarantee their
workers a job for life. You were also painting the deficiencies of the US
auto industry as the exclusive responsibility of the workers who bolt the
cars together and here you have your weeping hanky out for the loser
management that made bad decisions for the last three decades with plenty
of help from the laissez faire ideologues.

------- 
looking for a better newsgroup-reader? - www.recgroups.com




  
Date: 07 Dec 2008 22:53:49
From: RussGeorgiev@aol.com
Subject: Re: First AIG and now this...
I understand all you have written. But, you chose the weaker opponent
as expected. As I stated previously, what do you know? You could try
and debate me, but we both know the outcome:), don't we? Again, what
do you know? This is a poker site, but you know basically the same as
a novice. I'll give you another venue to wade into.






On Dec 7, 10:34=EF=BF=BDpm, johnny_t <nobod...@home.com > wrote:
> risky biz wrote:
> > On Dec 7 2008 10:36 PM, johnny_t wrote:
>
> >> This is on of the precise reasons that governments shouldn't get
> >> involved with bailouts and the problems of socialization...
>
> >> __________________________
>
> >> By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
> >> THE ASSOCIATED PRESS
>
> >> CHICAGO -- An influential senator drafting a multibillion-dollar bailo=
ut
> >> for Detroit's Big Three automakers said Sunday that the head of Genera=
l
> >> Motors should step down, while President-elect Barack Obama accused ca=
r
> >> industry executives of a persistent "head-in-the-sand approach" to
> >> long-festering problems.
>
> >> Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
> >> Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
> >> "has to move on" as part of a government-run restructuring that should
> >> be a condition of financial life support for the auto industry.
>
> >> __________________________
>
> >> WHAT the FUCK does Chris Dodd know about anything? =EF=BF=BDAnd why sh=
ould the
> >> conditions of a loan allow some random Senator get to dictate to the
> >> corporation the micromanagement of the company.
>
> >> When governments do this, industries fail.
>
> >> Look, even the right wingers here seem to understand three tier
> >> compensation structures and the extreme value of bright shiny objects.
> >> The almost complete misunderstanding of sales compensation.
>
> >> Governments need to stop micromanaging business. =EF=BF=BDAnd they nee=
d to let
> >> the business cycle work.
>
> >> Moral Hazard is real. =EF=BF=BDWe are on the precipice of not useful c=
hange, we
> >> are on the precipice of socialization. =EF=BF=BDThis will result in LO=
WER
> >> productivity and a LOWER standard of living for everyone.
>
> > In the other thread your prescription was for the American auto industr=
y
> > to be taken over by the Japanese. The same Japanese that guarantee thei=
r
> > workers a job for life. You were also painting the deficiencies of the =
US
> > auto industry as the exclusive responsibility of the workers who bolt t=
he
> > cars together and here you have your weeping hanky out for the loser
> > management that made bad decisions for the last three decades with plen=
ty
> > of help from the laissez faire ideologues.
>
> Wow you understand none of what I have written.- Hide quoted text -
>
> - Show quoted text -



  
Date: 07 Dec 2008 22:34:25
From: johnny_t
Subject: Re: First AIG and now this...
risky biz wrote:
> On Dec 7 2008 10:36 PM, johnny_t wrote:
>
>> This is on of the precise reasons that governments shouldn't get
>> involved with bailouts and the problems of socialization...
>>
>> __________________________
>>
>> By PHILIP ELLIOTT AND JULIE HIRSCHFELD DAVIS
>> THE ASSOCIATED PRESS
>>
>> CHICAGO -- An influential senator drafting a multibillion-dollar bailout
>> for Detroit's Big Three automakers said Sunday that the head of General
>> Motors should step down, while President-elect Barack Obama accused car
>> industry executives of a persistent "head-in-the-sand approach" to
>> long-festering problems.
>>
>> Sen. Chris Dodd, D-Conn., chairman of the Senate Banking, Housing and
>> Urban Affairs Committee, said GM Chief Executive Officer Rick Wagoner
>> "has to move on" as part of a government-run restructuring that should
>> be a condition of financial life support for the auto industry.
>>
>> __________________________
>>
>> WHAT the FUCK does Chris Dodd know about anything? And why should the
>> conditions of a loan allow some random Senator get to dictate to the
>> corporation the micromanagement of the company.
>>
>> When governments do this, industries fail.
>>
>> Look, even the right wingers here seem to understand three tier
>> compensation structures and the extreme value of bright shiny objects.
>> The almost complete misunderstanding of sales compensation.
>>
>> Governments need to stop micromanaging business. And they need to let
>> the business cycle work.
>>
>> Moral Hazard is real. We are on the precipice of not useful change, we
>> are on the precipice of socialization. This will result in LOWER
>> productivity and a LOWER standard of living for everyone.
>
> In the other thread your prescription was for the American auto industry
> to be taken over by the Japanese. The same Japanese that guarantee their
> workers a job for life. You were also painting the deficiencies of the US
> auto industry as the exclusive responsibility of the workers who bolt the
> cars together and here you have your weeping hanky out for the loser
> management that made bad decisions for the last three decades with plenty
> of help from the laissez faire ideologues.

Wow you understand none of what I have written.


   
Date: 08 Dec 2008 08:31:30
From: risky biz
Subject: Re: First AIG and now this...
On Dec 7 2008 11:34 PM, johnny_t wrote:

> risky biz wrote:
> > On Dec 7 2008 10:36 PM, johnny_t wrote:
> >
> >> This is on of the precise reasons that governments shouldn't get
> >> involved with bailouts and the problems of socialization...

> >> WHAT the FUCK does Chris Dodd know about anything? And why should the
> >> conditions of a loan allow some random Senator get to dictate to the
> >> corporation the micromanagement of the company.
> >>
> >> When governments do this, industries fail.
> >>
> >> Look, even the right wingers here seem to understand three tier
> >> compensation structures and the extreme value of bright shiny objects.
> >> The almost complete misunderstanding of sales compensation.
> >>
> >> Governments need to stop micromanaging business. And they need to let
> >> the business cycle work.
> >>
> >> Moral Hazard is real. We are on the precipice of not useful change, we
> >> are on the precipice of socialization. This will result in LOWER
> >> productivity and a LOWER standard of living for everyone.
> >
> > In the other thread your prescription was for the American auto industry
> > to be taken over by the Japanese. The same Japanese that guarantee their
> > workers a job for life. You were also painting the deficiencies of the US
> > auto industry as the exclusive responsibility of the workers who bolt the
> > cars together and here you have your weeping hanky out for the loser
> > management that made bad decisions for the last three decades with plenty
> > of help from the laissez faire ideologues.
>
> Wow you understand none of what I have written.

I'll start understanding you when you start knowing something about what
you're talking about.

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