Originally Posted by e1618978
You realize that each of these bailouts is a loan, and the more loan bailouts they get the harder it will to make a profit when the good time come again... GM sold tons of cars last year and still lost 38 billion, this year will be worse - and they will be doing it with a debt load that grows with each bailout.
Those people are going to get laid off regardless of how many bailouts happen, and the bailouts may make it more likely for an eventual chapter 7 liquidation. If the bailout is used as an excuse to keep people employed who would otherwise be laid off, then I think liquidation is inevitable.
I realise everything. What you dont realise, is that money is an illusion that is worth nothing. In five years time, $20 billion is going to be worth jack, the inflation is coming. Dont you see that all this created money pumped in to turn the economy is creating another problem. What do you think is going to happen when the economy turns? Who, and how is all this excess, cheap money going to be mopped up?
Its an excess of cheap money that got us into this mess, an excess of cheap money to solve it, and an excess of cheap money storing up another problem. There are two options here, when the economy turns what do we do with all this excess money? - one option is massive inflation, the other is massive interest rates. Likely a combination of the two.
Republicans and Fundies only consider everything in terms of money and profit. The Republicans treat life as a hedge fund, Fundies treat the afterlife as a hedge fund. The above shows, that neither means anything.
Fortunately, there are people like Madoff, who give us all a glimpse of where the inevitable lies when hedging, deceit, gambling and outright deception are allowed to flourish. Good for him. Now we know the truth. The entire Republican and Fundie Method of Operation is a Madoff ponzi scheme. It serves to rob the people at the base to fund the capstone. When the base cannot be robbed anymore, they are discarded.
But, The entire system has been built using Madoff principles, the only difference is the thin line between a legal ponzi scheme, and an illegal one. Perhaps the only reason there is a legal distinction, is because it is easier to fool everyone about the true nature of reality, if you outlaw the most extreme perversion of it. Comfort in false security.
Republicans oppose the bailout, because they know the time has come to discard the base layer that cannot be robbed anymore. The thought of giving some money back to them makes them puke, because they can only see things in terms of profit and loss.
Fundies oppose the bailout, because their entire reason for existance is to prey on the fallen, and convert them to a perverse form of Christianity. The reason it is perverse, is because although the people themselves may be acting to some form of personal moral righteousness, the reality is, is that they have been naively morally leveraged by another form of profit and loss ponzi scheme business.
Hence the long standing incestial relationship between Fundies and Republicans. One and the same. When the capstone needs repair, there is no limit on funds, when the base needs repair, they call for it to be removed.
Its called a pyramid scheme for a reason - lets think about a physical pyramid...Without stating the obvious - I would dearly love
for the base layers to be removed. Not to spite the base, but because of the laws of physics.
But we are not talking about sand and limestone. We are talking about lives, we are talking about turning whole communities into decadent, impoverished, diseased, crime ridden cancerous growths. - At the drop of a hat.
No wonder Fundies are getting excited. Its their territory. Little donkey, Little donkey.....
Lots of things are inevitable for GM etc, everyone here knows this and in a way, everyone expressing an opinion is right. Sure, GM is a dinosaur with crap management, no-one here is denying that.
Their cars are from a past era with no future no-one here is denying that
If it is too survive, is will have to completely restructure its model and that will result in massive job losses no-one here is denying that.
Giving money to GM et al, is somewhat lost money, and might add a few dollars to your tax bill no-one here is denying that
But what really matters? Cars, money, business, profit, loss, right, wrong, or