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Is this the same Lee Iacocca who went to congress to get them to help bail out Chrysler while he was in charge? The same man who never saw a corporate write off that he didn't love while he was chairman of Chrysler? Talk about a hypocrite! However I know that many will jump on the band wagon with this because he slammed someone that we dislike. What a freaking waste.
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Bill USAF 1976 - 1986 NRA Endowment Member LEAA Member SASS #75267 Charter Member HCA "Do not separate text from historical background. If you do, you will have perverted and subverted the Constitution, which can only end in a distorted, bastardized form of illegitimate government." James Madison |
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Same guy who gave us the K car? But he does have some credibility because of the Mustang
Anyway, I love any post full of mindless sound bits complaining about sound bits.
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Dave "He belongs to a horrible gang of miscreants, sworn against all order and peace" -- Sir Edward Bulwer Lytton, Rienzi, the Last of the Roman Tribunes |
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Iacocca is a brilliant guy. He knows first hand about government bailing out private business. As big a fan of Lee's that I have been and continue to be, he is making the same mistake as the people he is criticizing. All complaints and no solutions. Perhaps there are soluitions in the rest of the book?
I think it all comes down to accountability. We, as a society are lookign to blame somebody or something else for everything that is not perfect in our lives. Blatant sarcasm to follow. Job outsourced to China? It's not because you were overpaid for the skills you posess. It's the damn commies and our government who will not fight against them taking away your $40 per hour job sitting around Homer Simpson style. Gas prices? It's not because our thirst for petroleum has become stronger with every price increase. We are certainly not causing the increase in prices. Supply and demand applies to all OTHER economic scenarios but this one. It's the oil companies' fault that we all drive gas guzzlers. Education system? It's not because our teachers are underqualified, overpaid, and backed by the most powerful union in the country. It must be because the kids in our country are just dumber than the rest. Or better yet, because of racial or ethnic prejudices in the system. So Lee has a point that there are serious problems in this country. I totally disagree with him if he expects the government to solve them.
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VEGETARIAN: Native American word meaning "bad hunter" |
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Quote:
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Thomas Jefferson warned: The man who never looks into a newspaper is better informed than he who reads them; inasmuch as he who knows nothing is nearer to the truth than he whose mind is filled with falsehoods and errors. It is a melancholy truth that a suppression of the press could not more completely deprive the nation of its benefits than is done by its abandoned prostitution to falsehood. |
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First, its not government's job to make loans to ANY business. Second, they did in the first round of bailouts but in the second round Uncle Sugar ended up having to write it off which could explain why Chrysler is now a subsidiary of a German company these days.
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Bill USAF 1976 - 1986 NRA Endowment Member LEAA Member SASS #75267 Charter Member HCA "Do not separate text from historical background. If you do, you will have perverted and subverted the Constitution, which can only end in a distorted, bastardized form of illegitimate government." James Madison |
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Beside your accurate post about uncle Samuel bailing out Chrysler, Lee Iacocca loves the lime light and is a great public relation guys, who probably misses the spot light and a chance to get some more cash out it. Guy is certainly no dumb.
Got lots of facts in Lee Iacocca statement, but anyone who does not know what form of government we have (article 4 section 4), is part of the problem with the country. good points billamj |
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Quote:
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Bill USAF 1976 - 1986 NRA Endowment Member LEAA Member SASS #75267 Charter Member HCA "Do not separate text from historical background. If you do, you will have perverted and subverted the Constitution, which can only end in a distorted, bastardized form of illegitimate government." James Madison |
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Really no argument about the government loaning money. I'm not sure if it was a direct loan, or a government guarantee like a VA or FHA loan. Borrowing from the Federal Reserve in not borrowing from the government.
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Thomas Jefferson warned: The man who never looks into a newspaper is better informed than he who reads them; inasmuch as he who knows nothing is nearer to the truth than he whose mind is filled with falsehoods and errors. It is a melancholy truth that a suppression of the press could not more completely deprive the nation of its benefits than is done by its abandoned prostitution to falsehood. |
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The house and senate actually passed a funding bill in order to bail them out. Totally out of the scope but that hasn't stopped them from spending our money in the past. Jimmy, count the peanuts, Carter signed it as soon as it hit his desk. I've heard several TV idiots call him one of our greatest presidents in the past few days, makes me wonder if they've ever taken an American History course.
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Bill USAF 1976 - 1986 NRA Endowment Member LEAA Member SASS #75267 Charter Member HCA "Do not separate text from historical background. If you do, you will have perverted and subverted the Constitution, which can only end in a distorted, bastardized form of illegitimate government." James Madison |
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