He:
Now for the argument of stimulus, it is necessary because we can't let business fall. I know many believers like yourself believe that the markets will work themselves out. This is true, but only to a certain clarification of "work themselves out". By letting business fall it will create less income for a country and less jobs. GM for example is a perfect example. If we let GM fall(along with Ford and Chrysler) there will be less jobs created and less revenue for our country.
Me:
If we let GM fail, it will merge with a more successfully managed auto company like Toyota or Nissan et al. It will shed jobs initially then reopen plants, in America, and rehire without the burdens of debilitating union contracts. You fail to see that the demand for GM cars and trucks is still one of the largest in the world. It is a problem that many like you have little confidence in the free market to develop new technologies and often completely new industries.
The US economy is not static. If we lose an industry to the third world, it is not always a bad thing. Before there were rubber tires, wheels were wooden. Americans’ had a thriving wooden wagon wheel industry no doubt. Do you want to bring that industry back? People like you decried the use of coal as an alternative to wood in the 18th century. Could we have fueled the industrial revolution without coal? Often we move past and outgrow industries that have served a purpose, but are now more affordably imported. In a country where men are able to freely associate and capital is available, other industries develop to take the place of the old. (If we lose an industry to the third world prematurely, you can almost assuredly look, in part, to the government’s or collective bargaining’s culpability.) The US leads the world in patents, not because the government initiates new areas of research, but because private citizens do. By passing on industries to emerging countries and investing in those enterprises we, 1) grow economies outside the US, 2) Raise the standard of living for poor societies, 3) Create demand for other of our products, and 4) Create new and innovative products and services to support those growing economies.
4 comments:
why can't anyone understand that it's not a pie!!!
there is no fixed amount of income or jobs, there isn't any economic fact, or research to prove that if others take a bigger slice of the pie my slice gets smaller.
what a load of crap.
"By letting business fall it will create less income for a country and less jobs. GM for example is a perfect example. If we let GM fall(along with Ford and Chrysler) there will be less jobs created and less revenue for our country."
I can't believe how myopic people are! If we listened to and followed people spewing this crap, we would still be riding horses and buggies. He would have decried Henry Ford and cars, because it put farriers, and blacksmiths out of business. Oh no! Then he would have decried computers because it destroyed tons of jobs.
I'm with you, I firmly believe that if GM was to not be bailed out, and be sold somehow(all, or piecemeal, without union contracts going with them) that there would be more jobs created by the backlash in months that were lost.
One more thing. The current administration whines to high heaven about automobile manufacturers shedding jobs, and then implement tons of policies that force the suppliers of GM to lose tons of money and jobs! When they say they save jobs, they only mean the ones that they can prove voted and funded their campaign, and the entrepreneurs, small businesses and no union, no lobbyist groups get hosed!
ARGH
also, keep posting the arguments. It might be fun, to just put his comment up, and see if anyone will dispute it. (I will)
dragonb, I appreciate that I can count on you for commentary. Myopic - great word!! Alexander Solzenhitzen once commented that Russia was lost to communism when the Russian people no longer respected and adored God. It is true here. There is no faith in the statements of my friend here. Man is a curious being. When he lacks in faith, the world's intractable problems become overwhelmingly burdensome. So much so, history has proven, he'll justify the most outrageous solutions and perpetrate them on his fellows.
dragonb...
This administration is only concerned with particular groups. Obama is not concerned with jobs, like you said, only those jobs that can ensure further success for socialists like him. He's bailed out GM, but not to save the automobile. He's bailed out GM to strengthen his marxist ties with big labor. GM could produce one quarter the cars it did last year and he would be satisfied knowing that the unions were still in place and voting Democrat.
Post a Comment