Comments on: Should Congress Bail-Out The Auto Industry? http://livingoffdividends.com/2008/11/21/should-congress-bail-out-the-auto-industry/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 13 Dec 2011 07:31:37 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Dwayne Scott http://livingoffdividends.com/2008/11/21/should-congress-bail-out-the-auto-industry/comment-page-1/#comment-25490 Dwayne Scott Sat, 06 Dec 2008 13:31:17 +0000 http://livingoffdividends.com/?p=852#comment-25490 Don't bail them out (The Big Three) Tell them to cut operation cost and drop the car prices in half so the average joe can buy them. The average guy Dwayne Don’t bail them out (The Big Three) Tell them to cut operation cost and drop the car prices in half so the average joe can buy them.
The average guy
Dwayne

]]> By: Dwayne Scott http://livingoffdividends.com/2008/11/21/should-congress-bail-out-the-auto-industry/comment-page-1/#comment-25489 Dwayne Scott Sat, 06 Dec 2008 13:26:15 +0000 http://livingoffdividends.com/?p=852#comment-25489 Don't bail out any of them (the Big Three) They need to cut cost and drop the price of car in half if they want the average joe to buy them .Simple as that. just average Dwayne Don’t bail out any of them (the Big Three) They need to cut cost and drop the price of car in half if they want the average joe to buy them .Simple as that.
just average Dwayne

]]> By: Dividends4Life http://livingoffdividends.com/2008/11/21/should-congress-bail-out-the-auto-industry/comment-page-1/#comment-24505 Dividends4Life Thu, 27 Nov 2008 15:55:37 +0000 http://livingoffdividends.com/?p=852#comment-24505 Nice read! It is obvious that the auto makers can't exist as they are today. The question becomes can they change? Personally, I doubt that they can. All the bailouts need to end. It is little more than corporate socialism. If I make stupid decisions, I will (and should) suffer the consequences. The same is true for any business. Best Wishes, D4L Nice read! It is obvious that the auto makers can’t exist as they are today. The question becomes can they change? Personally, I doubt that they can. All the bailouts need to end. It is little more than corporate socialism. If I make stupid decisions, I will (and should) suffer the consequences. The same is true for any business.

Best Wishes,
D4L

]]> By: Chris http://livingoffdividends.com/2008/11/21/should-congress-bail-out-the-auto-industry/comment-page-1/#comment-24199 Chris Tue, 25 Nov 2008 00:27:55 +0000 http://livingoffdividends.com/?p=852#comment-24199 The problem with universal health care in this country is that nobody wants to pay for it, not even the taxpayers. The only 2 possible ways (sure there are many more problems but these 2 are probably the biggest) to cure this is 1) limit malpractice lawsuits and 2) bring down cost. #1 can only be possible if we put a moratorium on malpractice lawsuit, period. You don't like it? There are other countries besides the good ol' U S of A to take care of your damn cancer, thank you very much, with your hard earned union money. #2 can only be possible if we start doing some damn H1-B on doctors, RNs, etc. If we can do H1-B on engineers, why can't we do it for doctors and RNs as well? Try this and let's see doctors and nurses making only 5 digits in rural areas. You don't like it? There are other countries besides the good ol' U S of A to take your hard earned Stanford medical damn degree to practice your damn medicine, thank you very much. The problem with universal health care in this country is that nobody wants to pay for it, not even the taxpayers.

The only 2 possible ways (sure there are many more problems but these 2 are probably the biggest) to cure this is 1) limit malpractice lawsuits and 2) bring down cost.

#1 can only be possible if we put a moratorium on malpractice lawsuit, period. You don’t like it? There are other countries besides the good ol’ U S of A to take care of your damn cancer, thank you very much, with your hard earned union money.

#2 can only be possible if we start doing some damn H1-B on doctors, RNs, etc. If we can do H1-B on engineers, why can’t we do it for doctors and RNs as well? Try this and let’s see doctors and nurses making only 5 digits in rural areas. You don’t like it? There are other countries besides the good ol’ U S of A to take your hard earned Stanford medical damn degree to practice your damn medicine, thank you very much.

]]> By: Darin http://livingoffdividends.com/2008/11/21/should-congress-bail-out-the-auto-industry/comment-page-1/#comment-24077 Darin Sun, 23 Nov 2008 19:39:37 +0000 http://livingoffdividends.com/?p=852#comment-24077 Seth Godin had a good post about this on his blog: http://sethgodin.typepad.com/seths_blog/2008/11/what-to-do-abou.html One of his comments was that 90 yrs ago, there were THOUSANDS of car companies, many of which were driving the innovations that we take for granted today. Electric ignition, independent suspension, etc. I think Warren Buffet commented that if there is a bailout, he would specify that the top managers of the car companies be required to kick in a substantial amount of their own personal money to give them an incentive to do the right thing with it. Seth Godin had a good post about this on his blog:
http://sethgodin.typepad.com/seths_blog/2008/11/what-to-do-abou.html

One of his comments was that 90 yrs ago, there were THOUSANDS of car companies, many of which were driving the innovations that we take for granted today. Electric ignition, independent suspension, etc.

I think Warren Buffet commented that if there is a bailout, he would specify that the top managers of the car companies be required to kick in a substantial amount of their own personal money to give them an incentive to do the right thing with it.

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