Discuss Detroit » NON-DETROIT ISSUES » Corker the moron strikes again « Previous Next »
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Mopardan
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Username: Mopardan

Post Number: 208
Registered: 11-2008
Posted on Sunday, March 01, 2009 - 11:28 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

http://www.allpar.com/news/ind ex.php/2009/02/corker-says-chr ysler-bk-would-boost-gm/

Corker says Chrysler BK would boost GM
February 28th, 2009
by Bill Cawthon
Republican Senator Bob Corker, who has become an adamant foe of government aid to American automakers in spite of the fact his home state gave $577 million to Volkswagen to build a plant in Chattanooga, says a bankruptcy filing by Chrysler LLC would be helpful to General Motors.

In an interview with Dow Jones Newswire, Corker said, “With Chrysler gone, the break-even for GM is even lower - it’s more easily met.”

Corker, who sits on the Senate Banking Committee, went on to say he could see the federal government helping one of the automakers, but not both.
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Gibran
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Username: Gibran

Post Number: 4562
Registered: 02-2007
Posted on Sunday, March 01, 2009 - 11:41 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Funny in that free market system mentality...competition spurs creativity...and while many of the employees who would love to corner the market have not really voiced joy over the demise of their competition...ummm..maybe because we all are effected by this and many of our friends, neighbors and family have worked for the competition...

It seems that Coker really isn't his brother's keeper does it...my how does he reconcile that in Church each Sunday....
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Lilpup
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Username: Lilpup

Post Number: 5362
Registered: 06-2004
Posted on Monday, March 02, 2009 - 12:11 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Simple. He's a Republican.
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Gibran
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Username: Gibran

Post Number: 4564
Registered: 02-2007
Posted on Monday, March 02, 2009 - 11:29 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

after blasting Democratic earmarks the Oklahoma Republican Delegation scored 66 million in earmarks for their own state ..Inholfe is a stellar example of the Republican Party and their smoke and mirror mentality.
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Ccbatson
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Username: Ccbatson

Post Number: 19122
Registered: 11-2006
Posted on Monday, March 02, 2009 - 3:32 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Chrysler is going to be propped up by Fiat. Regardless, it is not for politicians to pontificate over, it is for free market forces to weed out the unsuccessful and elevate the competitive.
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Flanders_field
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Username: Flanders_field

Post Number: 1753
Registered: 01-2008
Posted on Monday, March 02, 2009 - 3:43 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Corporate incompetence, corruption and greed has not been "weeded" out by market forces, and instead has occurred when their accounting cookbooks run out of "creative" recipes.
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Ccbatson
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Username: Ccbatson

Post Number: 19123
Registered: 11-2006
Posted on Monday, March 02, 2009 - 3:55 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

If it is true incompetence, or whatever, and it is damaging to their success, then they will loss profits/money and go bankrupt. A simple truth not to be decided by someone sitting in judgement of a company if we are in a free market for that particular product.
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Flanders_field
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Username: Flanders_field

Post Number: 1754
Registered: 01-2008
Posted on Monday, March 02, 2009 - 4:09 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

A truly "free market" never existed, since it should be exclusive to free societies that also promote and permit internal and external free market trade. The very presence of products imported from countries who do not practice what they produce for free markets makes that quite obvious.
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Ccbatson
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Username: Ccbatson

Post Number: 19128
Registered: 11-2006
Posted on Monday, March 02, 2009 - 4:14 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

No kidding? A quick refresher...we are speaking in terms of ideals here.

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