The Right Guy Show

An old fashioned libertarian’s view on the world

Archive for the ‘bailout’ Category

The Financial Mess: Whose Fault is it?

leave a comment »

It’s interesting that the same scumbags, like Barney Frank, who is one literally, denounced efforts to prevent the problems and they now blame the Bush administration. Too many democrats were benefiting from Fannie and Freddie to stop the insanity. Here it right from their own mouths. They can’t hide from their own words. Now were are left paying for their mistakes. 
Thank you for reading this blog. 

Written by James Lagnese

January 18, 2009 at 10:36 am

Should GM et al Make Cars in China (or India)?

leave a comment »

The incomparable John Batchelor asserts that GM should make their cars in China. I have been saying this for awhile. They should file chapter 11 and relocate their manufacturing to China. The unions have outlived their usefulness and have been the downfall of the car companies. Honestly, the only reason they are getting such treatment is that the democrats owe the unions for getting Ostalin elected. At this point I don’t know if they can file chapter 11, but they must do something quickly, and groveling to us, while keeping the status quo insofar as how they do business is a bad bet for us.  As they say is is throwing good money after bad. If they don’t get it right, then creative destruction is in order. It is good when unprofitable ventures fail because behind them is another that will be profitable to take its place. I liken it to having a garden where we keep the rotting but still living plants because we do not want to see them die. Meanwhile the same fertile real estate could be used to grow a plant that is healthy and productive. The goal of capitalism isn’t consumerism, but productivity and value. GM, Ford and Chrysler off very little of both. 
Thank you for reading this blog. 

Written by James Lagnese

December 16, 2008 at 6:54 pm

Should GM et al Make Cars in China (or India)?

leave a comment »

The incomparable John Batchelor asserts that GM should make their cars in China. I have been saying this for awhile. They should file chapter 11 and relocate their manufacturing to China. The unions have outlived their usefulness and have been the downfall of the car companies. Honestly, the only reason they are getting such treatment is that the democrats owe the unions for getting Ostalin elected. At this point I don’t know if they can file chapter 11, but they must do something quickly, and groveling to us, while keeping the status quo insofar as how they do business is a bad bet for us.  As they say is is throwing good money after bad. If they don’t get it right, then creative destruction is in order. It is good when unprofitable ventures fail because behind them is another that will be profitable to take its place. I liken it to having a garden where we keep the rotting but still living plants because we do not want to see them die. Meanwhile the same fertile real estate could be used to grow a plant that is healthy and productive. The goal of capitalism isn’t consumerism, but productivity and value. GM, Ford and Chrysler off very little of both. 
Thank you for reading this blog. 

Written by James Lagnese

December 16, 2008 at 6:54 pm

The Economy, Detroit, and Job Losses: John Batchelor Analyses

leave a comment »

The incomparable John Batchelor with Simon Constable renders his analysis of the current economy.

Thank you for reading this blog.

Written by James Lagnese

December 10, 2008 at 7:29 pm

The Economy, Detroit, and Job Losses: John Batchelor Analyses

leave a comment »

The incomparable John Batchelor with Simon Constable renders his analysis of the current economy.

Thank you for reading this blog.

Written by James Lagnese

December 10, 2008 at 7:29 pm

Is this Fear Mongering or Just the Facts?

leave a comment »

My question to you is this fear mongering to get a bailout or is GM just presenting the facts (because they want a loan)? The answer is both, and of course they are resorting to fear, but they are probably presenting some salient facts. The problem is that GM and other auto manufacturers are not dealing with the drain on them: The unions. The unions are willing to drive the automakers over a cliff, even if they all lost their jobs just because they are bullies and ignoramuses. Unions are just as complicit in this fiasco as the management of automakers are. If unions are not willing to help with this with concessions, GM will have to file chapter 11 and if they survive chapter 11, they will need (read that should) to move manufacturing overseas. No matter what, there will be massive downsizing in the auto industry in the months to come. You have to wonder what could kick start the industry, as people aren’t spending money on new cars? Think 1938-39. Even if GM gets bailed out, survival is going to be tough. Tough for Chrysler and Ford too. 
Thank you for reading this blog. 

Written by James Lagnese

November 16, 2008 at 11:19 pm

Is this Fear Mongering or Just the Facts?

leave a comment »

My question to you is this fear mongering to get a bailout or is GM just presenting the facts (because they want a loan)? The answer is both, and of course they are resorting to fear, but they are probably presenting some salient facts. The problem is that GM and other auto manufacturers are not dealing with the drain on them: The unions. The unions are willing to drive the automakers over a cliff, even if they all lost their jobs just because they are bullies and ignoramuses. Unions are just as complicit in this fiasco as the management of automakers are. If unions are not willing to help with this with concessions, GM will have to file chapter 11 and if they survive chapter 11, they will need (read that should) to move manufacturing overseas. No matter what, there will be massive downsizing in the auto industry in the months to come. You have to wonder what could kick start the industry, as people aren’t spending money on new cars? Think 1938-39. Even if GM gets bailed out, survival is going to be tough. Tough for Chrysler and Ford too. 
Thank you for reading this blog. 

Written by James Lagnese

November 16, 2008 at 11:19 pm