Posted on 05/19/2009 9:24:39 PM PDT by Attention Surplus Disorder
FUB0 ...... I say this in defiance!
Let me know when a republican demands that the government should divest itself of all these companies asap.
I couldn’t find anything in that analysis that I disagreed with.
Anyone else?
Nope. That pretty much sums it up.
“Let me know when a republican demands that the government should divest itself of all these companies asap.”
Taking your comment seriously...IMO that’s the absolute least possible outcome; assuming, of course, that a successful “divestiture” requires a willing and able buyer. Consider the separate cases of the car cos and the banks.
Had there been value in the auto co assets, they would have been snatched with great vigor. Don’t you think? (Or do you?) Unfortunately, the assets (land, bldgs & equipment) have the enormous albatross of the unions around their necks, resulting in a net negative value. Of course, no potential buyer could have ever made such an offer; eg; contingent upon the removal of the unions.
After the government gets down screwing around with the car cos for a few years, they will be for sale for 1/5th of what they’d be worth today just as hard assets. The factories will be decrepit ruins, totally vandalized. Plus it won’t even be possible to manufacture autos in the US at that point, most likely, no matter how they’re built.
The banks are a completely different story. Of course, they got near-infinite bailout funding, far beyond the $10-15-25 billion the auto cos got. The banks, via Treasury and the Fed, arguably have the government captive. We saw Henry Paulson tell the frickin government what to do and they did it. That franchise has near infinite value. Just look at how much money was wantonly thrown at the banks to gauge the relative importance of the two sectors. Whereas the unions are apparently just owed big time. They will receive, it is true, within limits. But they have to beg. That’s a big difference.
“I couldnt find anything in that analysis that I disagreed with.”
Really. When I posted it, I couldn’t think of a single word to add in the comments section.
It’s sad when the Russian media presents a more truthful account of American affairs than what (most of) the American media will ever come close to.
{Let me know when a republican demands that the government should divest itself of all these companies asap.}
This is the capitalism they understand.
http://www.maplight.org/map/us/legislator/611
I doubt they would let their version die anytime soon.
Certainly not before the Constitution is reintroduced to oxygen.
Whoa...this is from Pravda? Hmmm...no argument from me.
Yuri Bezmenov told us 25 years ago that this would happen.
And, I would bet that most people thought he was a nut.
Was he on a youtube video from the 80’s? I watched that...pretty chilling stuff.
I was so thinking that. Unfreakingbelievable.
” The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.”
So do i get this right? Russians resisted the Evil influx of Wall Street money after the dissolution of the Soviet Union, and thereby retained their freedoms and souls?
I don’t understand this, so i must disagree. How is Putin in charge of Russia evidence of freedom?
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So it should be no surprise, that the American president has followed this up (takeover of GM) with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies.
I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.
Did he nail it or what.
I’m not quite sure who said that quote.
Was it Yuri Bezmenov?
He died some time in the mid-nineties.
I haven’t seen anything that he said, like that.
(Not that I am disbelieving you.)
Have you watched his whole series on Utube?
I would appreciate a reference.
Sad-but-True BUMP
Our side will be better prepared to deal with and mitigate the coming misery.
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