The dealerships are PRIVATELY OWNED. THEY BUY THEIR CARS FROM THE CAR COMPANY. If they cant afford to keep all their dealerships then why are they taking away the ones that are profitable. None of the owners have gotten reasons why their dealerships were stopped. They might have had eenie meanie minie moe, because there certainly wasn't "lets take the top 50% of dealership" or "lets take the ones that are not profitable." Here's a story of 2 dealerships to put this in perspective on how fucked up this is. Theres a chrysler dealer on one side of the street and a plymouth on the other. Both were doing quite well. The Chrysler dealer had given the plymouth dealer a bunch of bids to buy his dealership. They were too low. Now, The company came in and decided to close the plymouth dealer and give everything to the chrysler guy. He got everything and the plymouth guy lost. The Chrysler guy was quoted on the situation explaining that it was shitty, but that "he won." The dealers have, well, Had to sign an agreement by today that had a bunch of BS in it, gag order and stuff. If they signed it they got a 8-10 month intermediary period to sell their inventory. If they didnt, they cant sell it. It sounds ridiculous, but this is what happened. I have heard this from the dealers themselves, many of them, not just one.
And now we have a second bailout of the auto industry with thousands of dollars of cars, or trading in cars under 18 miles/gallon. Im sure they can afford that to. I wonder what dealerships they are going to go to. Meanwhile GM has a new CEO that knows absolutely nothing about the automobile industry.
sub prime mortgages were the primary factor that crippled our financial system, not corporations. It was fannie mae and freddy mac and all the dems in congress insisted that everyone needed a home. the unions also screwed the auto companies. The health and pension plans suck out thousands and thousands of dollars out of each car. I dont understand your statement, "We allowed businesses to get too bloated, too big, to the point where they could not fail." Are you saying the could fail, or not fail. Cause they are def. failing, even with the bailout, which just delayed the inevitable. A free market allows them to fail. New companies come in, better products and prices are available in the market. it works.
He is attacking individualism.
Listen to the ASU speech. He went on and on to college graduates that trying to be successful in life is the old way and there needs to be a new age of non profit workers. He has illustrated the individual as someone who is selfish. Its all in his speech. theres more.
While on the Tonight Show he said this:
"We need young people instead of the, you know, a smart kid coming out of school, instead of wanting to be an investment banker, we need them to decide they want to be an engineer, want to be a scientist, they want to be a doctor or a teacher, and if we're rewarding those kinds of things that actually contribute to making things and -- and making people's lives better, that's going to put our economy on solid footing, we won't have this bubble and bust economy that we've gotten so caught up in for the last several years."
First off, who is he to tell people what to be. YOU ARE SUPPOSED TO DECIDE WHAT YOU WANT. Your parents, friends, they can offer advice. He doens't know you. He wants finance to be hated. He wants business to be hated. Hes saying dont be an investment banker. Hes saying investment bankers dont do anything that matters, they are nothing.
There is more of this sort of crap too.
He attacks capitalsim on all fronts. Lets review some things:
He says that we should eliminate risk taking in companies (meanwhile, he recieved a $500,000 advance by his book publisher, who is currently laying people off, to write a childrens book upon entering office. To me, 500,000 seems like a risk to me...plus I've never heard of a president signing a book deal while going into the office."
They are capping peoples pay now. And you might say this is limited to companies that are bailed out, but IT WILL NOT STOP THERE. I GUARAN-FUCKING-TEE YOU.
THE GOVERNMENT HAS TAKEN OVER THE CAR COMPANIES. The Private sector of this country is being attacked.
Freedom
He sees the constitution as a constraint.
Health Care