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mugtang

We’re in a full blown trade war

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34 minutes ago, aztech said:

If they pay it back with interest then how is that bad business for taxpayers?  Also you do realize that during the loan period all those workers and retirees do pay taxes on their incomes, don't you?  The net result is that the gov't rakes it in.     

Because it incentivizes poor business decisions. Now there is no fear of failure since the govt will bail you out. It also hurts competitors who chose to not make risky decisions.

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1 minute ago, HR_Poke said:

Because it incentivizes poor business decisions. Now there is no fear of failure since the govt will bail you out. It also hurts competitors who chose to not make risky decisions.

It's always about making better products than your competition, regardless of who's getting bailed out.

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8 minutes ago, aztech said:

It's always about making better products than your competition, regardless of who's getting bailed out.

Not quite when the govt covers all the debt acquired from poor business decisions 

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6 minutes ago, CV147 said:

It was a risk the government took with taxpayers' money to prop up businesses that had a poor product. Looking back now, you can say they paid it back. Great. The risk paid off, at least temporarily.

Let's not do it again.

Next time, let them get a loan from a bank.  If it's such a great investment, they should have no problem.

You mean the very system that caused that mess? 

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1 minute ago, HR_Poke said:

Not quite when the govt covers all the debt acquired from poor business decisions 

From my recollection, Capitol Hill vets the businesses when it comes to bail outs.  If they can't justify their means to recover then they don't get bailed.  They also get put on "probationary" status to make sure they're following through.  Remember those bigshots at GM    who lost their jobs when they were caught spending bailout money unwisely?       

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19 minutes ago, aztech said:

You mean the very system that caused that mess? 

The system that caused that mess were federal funded lending institutions like Fannie Mae and Freddie Mac. At the insistence of government they were loaning money for homes to people that couldn’t afford to pay them. Of course the banks loved it because they were making money hand over fist until the bubble burst. Both government and banks deserve the blame for that mess. 

 

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2 minutes ago, soupslam1 said:

The system that caused that mess were lending institutions like Fannie Mae and Freddie Mac. At the insistence of government they were loaning money for homes to people that couldn’t afford to pay them. Of course the banks loved it because they were making money hand over fist until the bubble burst. Both government and banks deserve the blame for that mess. 

 

The buyers who bought more house than they could afford also share in the blame.

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17 minutes ago, CV147 said:

The buyers who bought more house than they could afford also share in the blame.

Along with s ot ghe peopke trying to buy second & third homes to flip- nearly all of them went down in the crash.

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1 hour ago, aztech said:

From my recollection, Capitol Hill vets the businesses when it comes to bail outs.  If they can't justify their means to recover then they don't get bailed.  They also get put on "probationary" status to make sure they're following through.  Remember those bigshots at GM    who lost their jobs when they were caught spending bailout money unwisely?       

Remember the 'Golden Parachutes ' they had/have. They make more money getting fired than most will make in a lifetime.

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6 hours ago, aztech said:

You mean the very system that caused that mess? 

The banking crisis had nothing to do with the failed auto companies.

The bailout was just repaying the bribe the Unions gave Obama.  Fucking over all the taxpayers and the competition would should have gained billions of dollars in advantages after beating out the shit companies.

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Meanwhile, back to the current mismanagement:

During a hearing on Capitol Hill Thursday, Treasury Secretary Steven Mnuchin told angry lawmakers that the administration has no strategy to resolve things with Beijing. Saying trade talks with China had “broken down,” Mnuchin basically admitted that the U.S. was out of ideas, and that it’s up to China to offer concessions—otherwise, the tariffs will continue. “Is there a master plan?” asked Representative Mia Love, to which we imagine Mnuchin became the human embodiment of the shrug emoji. Representative Jeb Hensarling, a supporter of the president, was unimpressed by Mnuchin’s claims that the Treasury is “monitoring the impact on the economy of all these trade issues,” telling the secretary, “I appreciate the words; I am concerned about the deeds.”

For its part, China reportedly can’t even tell whom it’s supposed to be negotiating with, after tentative agreements with Mnuchin and Commerce Secretary Wilbur Ross fell through. “I think they’re coming to the conclusion that it doesn’t matter whether Mnuchin or Ross or anybody is in the front of the line, that it’s really going to be figuring out what Trump wants,” Claire Reade, an attorney at Arnold & Porter Kaye Scholer, told The New York Times.

Thay Haif Said: Quhat Say Thay? Lat Thame Say

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