Comments on: Is GM Bailout Like Giving a Fish? http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/ SEO, Internet Marketing, and Website Development Blog Fri, 12 Mar 2010 20:05:24 +0000 http://wordpress.org/?v=2.6.5 By: Coneydog http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/#comment-51 Coneydog Mon, 05 Jan 2009 22:15:24 +0000 http://www.awebguy.com/?p=75#comment-51 Correction: Peggy. Correction: Peggy.

]]> By: Coneydog http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/#comment-50 Coneydog Mon, 05 Jan 2009 22:12:42 +0000 http://www.awebguy.com/?p=75#comment-50 Mark, Since when did American capitalism and/or the American dream include a "too big to fail" clause? Why do the American taxpayers have to bail out banks and corps who made stupid decisions at the cost of the financial stability of those who didn't? I applaud your candor in recounting some of the same early struggles many of us have lived through and learned from. You are a stronger person today and Maggie, Simon, and Mattie are the better for it. Mark, Since when did American capitalism and/or the American dream include a “too big to fail” clause? Why do the American taxpayers have to bail out banks and corps who made stupid decisions at the cost of the financial stability of those who didn’t? I applaud your candor in recounting some of the same early struggles many of us have lived through and learned from. You are a stronger person today and Maggie, Simon, and Mattie are the better for it.

]]> By: jarend http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/#comment-5 jarend Thu, 18 Dec 2008 15:10:58 +0000 http://www.awebguy.com/?p=75#comment-5 Mark, I have read your comments.... I agree with you in principal, but I also look historically at the bail out of Chrysler years ago... the government made a fare sum of money in interest paid by them for the loans that were issued in their behalf. The auto industry represents a huge sector of the national ecomomy.... letting it fail will have reprecussions that tricle down to everyone... my mind says let them fail, but us little fish will fall do to the ripple effect their failure will have on the national economy. Mark, I have read your comments…. I agree with you in principal, but I also look historically at the bail out of Chrysler years ago… the government made a fare sum of money in interest paid by them for the loans that were issued in their behalf. The auto industry represents a huge sector of the national ecomomy…. letting it fail will have reprecussions that tricle down to everyone… my mind says let them fail, but us little fish will fall do to the ripple effect their failure will have on the national economy.

]]> By: acesjet http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/#comment-4 acesjet Thu, 18 Dec 2008 08:21:39 +0000 http://www.awebguy.com/?p=75#comment-4 Is free enterprise dead? If a small business owner runs a business into the ground the government does not bail him out. Principals are principals. Our government was designed that individuals could have a voice and that it would not be because they had deep pockets. Corruption starts when influence shifts from average people to rich special interests. There will be no reward for a well run company, paid off mortgage, and paying off credit cards. We have climbed to the top of the slide hang on its all down hill from here. Look at Southwest vs any legacy carrier. Good business plan good service. Good company. The Government should have let the other bigger airlines go out of business and let the better models take their place. One company loses the general public wins, with a better replacement. Is free enterprise dead? If a small business owner runs a business into the ground the government does not bail him out. Principals are principals. Our government was designed that individuals could have a voice and that it would not be because they had deep pockets. Corruption starts when influence shifts from average people to rich special interests.

There will be no reward for a well run company, paid off mortgage, and paying off credit cards. We have climbed to the top of the slide hang on its all down hill from here.

Look at Southwest vs any legacy carrier. Good business plan good service. Good company. The Government should have let the other bigger airlines go out of business and let the better models take their place. One company loses the general public wins, with a better replacement.

]]> By: Troy http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/#comment-3 Troy Wed, 17 Dec 2008 23:09:37 +0000 http://www.awebguy.com/?p=75#comment-3 “I shall do less whenever I shall believe what I am doing hurts the cause and I shall do more whenever I shall believe doing more will help the cause. I shall try to correct errors when shown to be errors and I shall adopt new views so fast as they shall appear to be true views.” Abraham Lincoln Last week I stopped for some lunch at a nearby restaurant and there were a group of current auto works from GM asking people as they pass by to support the bail out and apply pressure to your local congress and senate members. My answer now is the same as it was then “sorry I can’t help you” and I went on to explain my reasoning to them. See, I believe that there is more to be gained from failure and mistakes than from success and in this case anything that is given to the big three in a bail out will only skew that process and create a longer learning curve. So by not supporting the bailout I believe I am actually doing them a favor by forcing there companies to work harder, be more creative and hopefully position themselves as leaders once again in the industry or not. That’s business! Mark, great blog! Your views and comments have great merit and some real life lessons. “I shall do less whenever I shall believe what I am doing hurts the cause and I shall do more whenever I shall believe doing more will help the cause. I shall try to correct errors when shown to be errors and I shall adopt new views so fast as they shall appear to be true views.”
Abraham Lincoln

Last week I stopped for some lunch at a nearby restaurant and there were a group of current auto works from GM asking people as they pass by to support the bail out and apply pressure to your local congress and senate members. My answer now is the same as it was then “sorry I can’t help you” and I went on to explain my reasoning to them. See, I believe that there is more to be gained from failure and mistakes than from success and in this case anything that is given to the big three in a bail out will only skew that process and create a longer learning curve. So by not supporting the bailout I believe I am actually doing them a favor by forcing there companies to work harder, be more creative and hopefully position themselves as leaders once again in the industry or not. That’s business!

Mark, great blog! Your views and comments have great merit and some real life lessons.

]]> By: Stephanie http://www.awebguy.com/2008/12/is-gm-bailout-like-giving-a-fish/#comment-2 Stephanie Wed, 17 Dec 2008 14:28:46 +0000 http://www.awebguy.com/?p=75#comment-2 Hey Mark... You're right on. The bottom line is the car industry in this country cannot compete with foreign vehicle makers. Detroit can make big cars and trucks really well (like your Escalade and H2 and my husband's F150), but we cannot make a small car and survive. In other words, the UAW has created a monster that cannot afford to pay its workers to make the vehicle that the consumer wants. So, we buy from Japan and Korea. Handouts from Bush and Obama aren't going to help...they will line a CEO's pockets, but they'll be back in a few months begging for cash. Unless the union mentality in this country goes the way of the Dodo, we are screwed. :-) Have a good day!! ~Stephanie Hey Mark…
You’re right on. The bottom line is the car industry in this country cannot compete with foreign vehicle makers. Detroit can make big cars and trucks really well (like your Escalade and H2 and my husband’s F150), but we cannot make a small car and survive. In other words, the UAW has created a monster that cannot afford to pay its workers to make the vehicle that the consumer wants. So, we buy from Japan and Korea. Handouts from Bush and Obama aren’t going to help…they will line a CEO’s pockets, but they’ll be back in a few months begging for cash. Unless the union mentality in this country goes the way of the Dodo, we are screwed. :-)
Have a good day!!
~Stephanie

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