How would you fix the economy ?

[cabinover]

Here's one idea that I've recently been enlightened from. Austrian economics.
NO bailouts to anyone. Let the businesses fall and get it over with.

I always thought it was a bad thing, bankruptcy, but it turns out to really be a blessing for many when it happens. The business looses it's problems with paying bonuses (like AIG), the folks that help run companies into the ground are sent packing, what's left of the ashes will be picked up for a great price on the dollar by other companies looking to grow.

Now I understand that not all people hurt by a business closing did something wrong but the way I see it is like a healing process. You get the bad over with as quickly as you can so the healing can take place. I look at all of the car folks as well as all of the outsourcing people. They've all been treading water that cannot be beat.

Would it have worked out for the better if GM had gone bankrupt, reorganized, sold off some of it's plants to maybe an upstart electric car manufacturer and started anew? GM gets out of union contracts and health care that's hurting their competitiveness, another outfit buys a tooled factory for pennies on the dollar to grow.

Sure some of the GM folks would be without jobs at the end of the day but they're going to anyway sooner or later.

I use GM only as an example. It could be any company.

I just don't see how the Government meddling in businesses helps anyone. The next step is the new owner of GM/Chrysler telling them that by 2014 they will be making cars that average 35 1/2 MPG. Good luck with that.

Todd, I like your ideas as well.

Bob

[Ozmoid]

Originally Posted by cabinover

NO bailouts to anyone. Let the businesses fall and get it over with.

Exactly!

Some of the money pundits will say that all these bail-out moves are to protect the infrastructure of the economy... I say if the current infrastructure landed us here, why bother?

[Reel 2 Reel]

In my opinion... Drop the big one!!...it will upset the global communications network...and travel will be reduced...then you will have more LOCAL exchanges going on...and not all the BS from some dumb-ass 1500 miles away telling us what to do all the time...we will have to make our own decicisions again ...like it used to be back before long distance communications,...

or not....



OH YEA!!..just dont drop it on me!!!

[Charles]

Cut the tax bill big time in one easy stroke - pay politicians minimum wage, put the Congress and Senate in dormitory housing, serve the School Lunch Program in the Senate Dining room, and make voting attendance mandatory. Have them all share staff, too. No more limos, we'll put the dorms close by so you can walk to work. Maybe then some people who care about our country instead of lining their pockets will run for office.


I like it. While we're at it, let's hire Arlee Ermy to kick their asses out of bed at 4:00 hours sharp, and have them standing tall at their posts by 4:30. Keep 'em sober too.

I've said for a long time, if you want to fix the minimum wage, socialist security, and health care, put the politicians on the same level as the lowest slob in the country. But they'd just mandate that everyone gets free medical at Walter Reed, 200K per year retirement, and, it you were still willing to work, a 200K salary per year plus all you can steal with both hands.

Don't reckon it will work.



Here's one idea that I've recently been enlightened from. Austrian economics.


Ludwig Von Misses?

Chas

[cabinover]

Originally Posted by Charles

Here's one idea that I've recently been enlightened from. Austrian economics.


Ludwig Von Misses?

Chas

Lots of good reading on mises.org