Nationalize Banks and Auto Industry???
by
the bull
02/24/2009, 2:56 PM
Not that I'm having a love affair with some banks and some auto manufacturers, but I have hatred for the fact that the government wants to take these industries over, and run them. The government can barely run it self. What the hell does it know about banking and cars.
Let's look at GM, Chrysler and Ford. With the exception of Ford, we gave the other two (2) a pile of money, with "no strings" attached. If they want more money they MUST, not maybe or sort of, MUST reorganize their companies, using the organization models of "Detroit South", Toyota, VW, Lexus, etc. UAW can stay as a union or fold, but they MUST adapt how they work to the model of all the other car manufacturers. There's not much else to do in Detroit except sell drugs and kill people, so it's work for less or get out. The government should oversee that plan, but not take over the companies.
As for the banks, two (2) come to mind Citigroup and Bank of America. Now the government expected you to dump your stock in those companies, and any investor that's hanging around will get jack shit for their holdings if the government takes over. I don't want them taking over those banks, so I would suggest if your of the same mind, and you bank with either of those banks....Take all your money out!! No depositors...No Money...Nothing to take over. That's something I do not hear the government say, and that's typiclal. They usually do not think these processes through. When you shut out the light at the lighthouse at night to save money, please don't plan to go out on your boat at night.
If we think that BHO's plan to follow FDR's New Deal is a good idea, do yourself an favor, and read up on what happened between 1932 and 1938, and the New Deal. It didn't work!! Unemployment was over 19% in 1938, and World War II is what broke us out of those numbers. Hopefully BHO is not thinking the same way.
Happy Banking!!