People seem to being missing the primary point of this auto debacle. We are now a socialist state where government is nationalizing industries one after the other because of the failure of government to regulate finance. Where the hell did BO get the authority to bailout the automobile industry in the first place? The answer is he has no such authority (by definition has become a dictator). On top of this he forced the outcome to give his buddies in the UAW ownership of Chrysler and GM. BO is the totally anti-business. Next he will force drug, medical, health care and insurance companies in to his socialist mold for nationalized health care. Then industry after industry will fail and fall under the government wing. It will not take long for BO to strip all American industry to bear bones âwealthâ and nationalize them to support his âmassesâ. Under BO national welfare will be the norm. Taxes will increase until they consume most of your income. The US government will grow to 50% of GDP in just a few years. It is sad but the days of free enterprise in America are dead.
AMEN. We are entirely upside down on this one. Reward innefficient, money losing, dinosaurs like GM and their leeching lazy unions. Ignore new technologies and promising industries. We will reap what we sow as we lose more and more relevance.
I truely do worry about the dramatic government intervention and socialism planned under BO. I think America might have gotten a touch more than we bargained for in electing him. Anyway, we at least have 4 years, and BO can do a lot of damage in that time. Hopefully, the America of free enterprise and opportunity will not be too far gone by the time the People's Socialist Party of America is out of office.
It is actually neither. A company is worth as much as a buyer is willing to pay for it. Youtube is still losing money and look how much they paid for it. Also a company with big but useless and unprofitable infrastructure is worth less than the actual value of the buildings, machines, etc.