Bad Decisions Led to Financial Crisis

Truth Based Opinions ^ | 17 November 2008 | Preston Osborne

[davidosborne]

Are we talking about bailing out the automakers for making poor business decisions? For years the Detroit automakers have been giving in to Union demands and political pressures which has resulted in employees of the automakers industry getting unreasonable compensation packages.

The chickens have come home to roost. This was forseeable and avoidable and now the automakers want us to bail them out. Actually, what we would be doing is enabling more of the same bad business decisions that got them into this mess in the first place. Same thing with the financial institutions, which is another part of the untold rest of the story.. Automakers have become "financial institutions and have been just as guilty as the banks for making loans to subprime borrowers.

Capitalism made America the economic power that it became. Bailouts are anti- capitalism and are taking us closer to gross socialism. Because of the direction that we're headed we could become more socialist than Russia by the end of 2009.

[Mr. Bird]

What is the goal of the healthcare workers unions? To raise the cost of healthcare so high that it “forces” us into National Health care?

In my opinion, the goal of the healthcare workers unions is to increase the number of dues-paying members, to the benefit of the unions (and their leadership). That is their only goal. Run through the lists of union heads, their lieutenants, and their organizers, and identify those who are or who have ever been providers. They don't exist.

They are predators.

This is not to say we have fundamental problems with healthcare delivery in this country. But those problems have nothing to do with wages or working conditions. For the next decade at least, you will be rewarded as an employee in acute care with job security and significantly above average wages.

Yes, I'm sure nationalizing healthcare is a motivation for some, but it really comes down to dues, and whose account they are funnelled to.

[Cyber Ninja]

I’d have bumped it too....ooops

[dalebert]

bump

[ensignbay]

So true— Capitalism works. I have little patience with the willfully blind who refuse to look and see the evidence around them.

We who still see it, though discouraged, must keep the fight for liberty going:
http://www.gopetition.com/petitions/we-demand-true-conservative-leadership.html

[E.G.C.]

BTTT

[Marine_Uncle]

I still get people looking with glazed eyes at me when I make mention of the unions rule in bringing down the capitalistic system. And regarding the automakers. Nothing new here, simply the gun has finally been brought out to the head, that was long expected.