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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (604948)3/24/2011 12:50:52 AM
From: i-node2 Recommendations  Read Replies (3) | Respond to of 1578204
 
>> Because if it's jobs you wanted to preserve, you could just pay people to dig holes that other people fill up.

Exactly.

There is a story of Milton Friedman visiting with a Chinese dignitary who took him to a jobsite where hundreds of Chinese workers were digging ditches with shovels. Friedman asked, "Why don't you use power equipment to increase the efficiency of the work and get the job done?" The dignitary said, "You don't understand. This is a jobs program".

Friedman replied, "Then why don't you give them spoons?".



To: Tenchusatsu who wrote (604948)3/24/2011 10:22:53 AM
From: Alighieri  Read Replies (2) | Respond to of 1578204
 
I'm sorry. I thought the subject was about GM producing something worthy of a multi-billion dollar bail out.


Is that what you think? That GM was bailed out because of the VOLT?? Well, that explains your puzzling responses...

Because if it's jobs you wanted to preserve, you could just pay people to dig holes that other people fill up. Doesn't make a whole lot of sense, but hey, as long as people's lives depended on it, that would suit your "tastes"?


Right, but then all you'd have is what you started with...a flat piece of ground instead of a company climbing back to the number 1 spot automaker


Toyota Sales for 2010 = 8.42 million vehicles
General sales for 2010 = 8.39 million vehicles

“Toyota’s sales in Asia are growing, but in China it’s clearly lagging behind GM and other market leaders,” said Satoru Takada, a Tokyo-based analyst at TIW Inc to Bloomberg.

While Toyota has grown in the People's Republic of China, General Motors has taken the growth title, as they outgrew the Japanese automaker by 10 percent last year.


I also have my doubts that GM has improved after the bankruptcy and bailout. They're still going to produce cars that aren't as reliable as many of the foreign makes.


So i wish you would do some minimal reading before posting negative comments...anyway I hope the following improves your feelings about GM.

nytimes.com

newser.com

investorguide.com

But to accuse me of wishing for GM's failure is pretty childish of you. My motives are clear. May the makers of the best cars win. And the ones that produce mediocre crap should never be "too big to fail."


Frankly all I have seen from conservatives on this thread is goading and relish...inode has explicitly said that he wishes GM failure, and limbaugh has campaigned on the radio for it..., and you've added to the bashfest with negative remarks...look at this post for instance...can you really blame me?

Al