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Topic:
GM's record profits lead to UAW profit sharing, boost to the economy [Locked] |
Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Tych2 posted:
So trickle down economics works? Huh.
I would classify this as a stablization of a market is a desperate attempt to avoid costly fallout.
The problem with trickle down economics is that people who ask for it tend to ignore the cost but have a benefit to point to. Republican trickle down economics doesn't even really have a benefit to point to. At least in this case we do.
Also mercantilism does "work" which is tied to this debate but has a different context (ie global trade).
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ZigmundZag Title: Grammar Nazi
Posts: 1,211
Registered: 2002-3-25 23:03:00
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
It's not just the economics of it that conservatives hate.
RWNs posted:
UNIONS!!! 
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Bjorvald  Posts: 334
Registered: 2002-4-5 20:51:00
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
It was pretty cool how Obama gave a nice big chunk of GM to the auto worker unions while wiping out secured bond holders who were first in line. But what's a little corruption between friends, eh?
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Bjorvald posted:
It was pretty cool how Obama gave a nice big chunk of GM to the auto worker unions while wiping out secured bond holders who were first in line. But what's a little corruption between friends, eh?
My father was one of those secured bond holders. It was a shock but it was also a direct result of poor management by the part of GM.
One role of government should be to prevent private companies making decisions that have outcomes that the government finds unacceptable.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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cabbyman Posts: 441
Registered: 2003-1-6 07:48:53
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Sin_of_Onin posted:
One role of government should be to prevent private companies making decisions that have outcomes that the government finds unacceptable.
That's goddam scary that you think that!
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Lyken-P Posts: 453
Registered: 2006-1-14 18:41:19
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Sin_of_Onin posted:
One role of government should be to prevent private companies making decisions that have outcomes that the government finds unacceptable.
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
cabbyman posted:
Sin_of_Onin posted:
One role of government should be to prevent private companies making decisions that have outcomes that the government finds unacceptable.
That's goddam scary that you think that!
The government may find massive environmental catastrophe unacceptable so they will try and prevent companies from causing them. They will find all sorts of things unaccpetable and economic collapse and the destruction of the wealth of thousands of union workers is on that list for some in government.
The powers corporations have to be limited.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Brother_Tempus  Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Bowlartz posted:
So let me get this straight. The American Tax payer is on the hook still for billions of the auto bailouts, millions are still out of work, Dems profess to hate the "free" money going to corps but UAW members making enough to go buy a Corvette in a time of still massive economic uncertainty...lets applaud?
this is why there is no difference between Obama and Bush , no difference between the establishment GOP leaders and the establishment DEM leaders.
it is a re-establishment of mercantilism where the oligarchy picks losers and winners within the economy based of political favors on the now managed by said oligarchy through illegal regulations, taxation and prohibition
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Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
cabbyman posted:
Sin_of_Onin posted:
One role of government should be to prevent private companies making decisions that have outcomes that the government finds unacceptable.
That's goddam scary that you think that!
Yup, I know what you mean.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
GM's record profits lead to UAW profit sharing, boost to the economy |
Only a completely stupid person would not realize my statement is true.
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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