Obama claims he knows how to make a sustainable auto industry - something some american companies dont know how to do.
Obama has access to unlimited funds via inflation, meaning it would never go under.
Obama could encapsulate it in laws preventing competition, so consumers would be FORCED to buy these cars.
Government would inflate to build the cars, inflate to pay the employees, then charge taxpayers on top of that to sell them autos.
Do you suppose those would be high quality cars?
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Coming as part of the Next New Deal: Auto Security. Not only does it protect the jobs of every American auto worker, but it ensures that each of us gets a brand new car every year. I'll let you work out the details. My work is done here.
EDIT: Just in case it was needed, this answer is intended to be sarcastic.
Man! Ask a rhetorical question and the history revisionists come out of the woodwork!
I'm always amazed that we're perfectly able to elect the correct people to govern us but are far too stupid to govern ourselves.
The reason Obama cannot provide Americans with a decent automobile is because he, like 90% of successful politicians simply could not become successful businessmen.A successful businessman serves his customers so well that they tell their friends, and keep coming back for more of his wares or services.
Politicians use force and the threat of force and/or fraud (lies) to accomplish their social and political goals.
Let me reiterate for those people who assume the good people of Rio Linda can't understand: Government is force. It cannot provide anything without stealing away the God given rights of the people and redistributing (some of) these rights back to the people under the guise of privileges.
There is simply no good reason to allow government to regulate business! And unbeknownst to the majority of people, it is the to-be regulated industry that demands regulation to prevent competition! (http://preview.tinyurl.com/5p7u9f)
It would seem that those who most loudly denounce the intimate relationships between business and government bleat the loudest when those relationships are threatened by free marketeer wanting these relationships completely severed.
Obama would make a car that would cost so much money we'd need a special new government program to subsidize people who were forced to buy it (since nobody would do so voluntarily) and it would take months if not years to get replacement parts.
Driving the Obamobile would be as enjoyable as standing in line at the post office.
it rather is common to construct the production unit. The complicated section is merchandising the product. the only stunning plan is to sell photograph voltaic panels made by making use of making use of somebody else (as a distributor). Then, as quickly as your sales exceed $5 million in accordance to 12 months or so, you will get traders to help purchase an offshore production unit in (say) China. Banks do no longer make unsecured loans for commencing up a business enterprise. you go with for the two a house fairness loan, or an investor. An investor will fee the corporate at a different of annual sales (the suited different relies upon on the industry). she will take a share possession stake in substitute for the investment. social gathering: Annual sales = $5 million. fee of company = 3 x 5 = $15 million share fairness to the investor = 40 9% quantity invested = 0.40 9*15 = $7.4 million.
I agree with just plain jim. If the government took over where is the competition ? America must realize that the good paying non educated jobs ( with life time health )are evaporating. Look at the Yugo - a piece of crap. The auto companies were blind and arrogant to the well made and priced foreign cars.
i worked in the motor vehicle manufacturing idustry when it was britsh leyland,and it was owned by the british government,it was run by a group of union thugs led by the chap called red robbo who was a destroyer,but he was only powerful because of weak management like sir roy stokes and his inept management team,it is noticable that in this country it is always sir this and lord that running companies and when it goes wrong they say not me guv resign and retire with a big payout,then later appear on tele as a paid expert giving advice to everybody who will listen,ex bl mployee
Yes, and then force people to buy at least one car, or two depending on the family size.
Don't forget the Hitler commissioned the VW, and promoted it as the "peoples car."
That would be socialism of the auto industry.
Socialism is the new dirty word
Most people don't know what socialism is.
But they sure know how to spit it out.
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Socialism:
All aspects of business is controlled by the state. There is no private enterprise.
We are not socialistic
We are a republic with democratic principles with a regulated capitalistic economic system and socialism for needed services.
What we need in this country to shut down these insane profits and the huge box stores putting the little guy out of business thru more regulation of capitalism.
Pure capitalism will eventually result in a no middle class, a handful of rich people and everyone else poor.
That is why Cuba and China went through revolutions.
Peace
Jim
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could you imagine the price of parts ? not to mention the finished product results-would truly stink