Comments:Barack Obama presents rescue plan after GM declaration of bankruptcy
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I don't think this is for the bestEdit
- I'm usually all for government intervention, but not when it comes to bankrupcy, and not when it comes to supporting an industry that is clearly passing its prime, that has nefarious effects on our environment and our culture and that isobvious incapable of supporting itself. Obama should let these guys go down.
The decline of free enterpriseEdit
Our politicians are slowly deleting the last vestiges of the principled American institution of free enterprise. Instead of allowing companies to make their fortunes in the market, whatever they may be, we now protect them from the consequences of their own market failure at taxpayer expense. This distorts the market, making the government an active participant, overproducing goods that buyers don't want, and encouraging the commencement of new ventures that the backers know are unsustainable or unstable with the knowledge that the government will protect them from the financial consequences of their bad risk.
In place of capitalism, we now have a policy of "fair weather capitalism, rainy day socialism." In this scheme, when corporations succeed, they get to keep their profits without redistribution, but when they fail, the country as a whole takes on the burden of their failure, spreading it across all of society. It's privatization of profits and socialization of losses. This is not just socialism, but it's certainly not capitalism. What is it? It's the worst-of-both-worlds unprincipled intermediate between the two. 126.96.36.199 (talk) 05:16, 2 June 2009 (UTC)
Opinions of Obama's rescue plan for GMEdit
I like Obama's way of thinking. I'm just hoping he sticks to his guns with his promise that the US Federal Government not be exercising it's shareholder rights for the most part. However, he didn't say anything about the other government(s) involved not exercising THEIR shareholder rights... could get interesting. I'm hopeful, but GM may not end up as happy with this rescue plan in the long run as we would hope. GM may be thankful, on the other hand GM may feel resentful of having their hand held by the US Federal Government. There will probably be a mixture of thoughts regarding this decision. What do you think? --Pyrovypr (talk) 14:07, 2 June 2009 (UTC)
- I think what GM thinks is totally irrelevant and they should be liquidated. A corporation is a vehicle for aggregation of capital to the end of creating profits by the use of that capital while limiting the liability of investors. A corporation with net negative assets has no meaning or purpose, because negative assets are not useful for the creation of profits and their negative returns cannot be distributed to investors. 188.8.131.52 (talk) 09:57, 6 June 2009 (UTC)