Comments on: Bailout or bust? http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/ Sun, 31 Jan 2010 14:25:06 +0000 http://wordpress.com/ hourly 1 By: mhlongo http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-454 mhlongo Fri, 20 Mar 2009 15:07:28 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-454 Hi there Richard i just wonder why in the midst of all this global economic turmoil you have ignored South Africa.We are one of,if not the best,performing economy at present.Our National Credit Act of 2006 has shielded us from making loans we cannot afford,the employment rate has not fallen to my knowledge,no major industries have closed down,etc.I believe we deserve to be mentioned,don't you? Hi there Richard i just wonder why in the midst of all this global economic turmoil you have ignored South Africa.We are one of,if not the best,performing economy at present.Our National Credit Act of 2006 has shielded us from making loans we cannot afford,the employment rate has not fallen to my knowledge,no major industries have closed down,etc.I believe we deserve to be mentioned,don't you?

]]> By: gary roseaman http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-390 gary roseaman Wed, 11 Mar 2009 21:05:24 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-390 I have worked in the Automotive industry for 26 years from leaving school. I have for the past 16 years been working on installing machines that reduce labour or make vehicles faster. We can now build cars we dont need very fast and with minimal labour. These are the 2 things we dont need automated factories building what we dont need. I have watched adverts showing vehiles that were shown last year with additions only of Eco-badges or logos feeding some eco-bull they think we want to here. Before this all can be fixed we need to know where we want to go. I truly believe before it can all be saved we need the government to lead this means EVERY government owned vehicle must be replaced with a super-efficient eco friendly alternative. A competition to award this contract will determine the supplier survival and all done in 12 months. This should shake it up at least and you could even call it Eco-Factor. When the government contract is complete then im sure us joe public will want one. Re-tooling the UK factories well they did it for the war so why not for survival. Forget the 500 million to re-tool. Thats enough tree hugging for me tonight. I have worked in the Automotive industry for 26 years from leaving school. I have for the past 16 years been working on installing machines that reduce labour or make vehicles faster.
We can now build cars we dont need very fast and with minimal labour. These are the 2 things we dont need automated factories building what we dont need.
I have watched adverts showing vehiles that were shown last year with additions only of Eco-badges or logos feeding some eco-bull they think we want to here.
Before this all can be fixed we need to know where we want to go.
I truly believe before it can all be saved we need the government to lead this means EVERY government owned vehicle must be replaced with a super-efficient eco friendly alternative. A competition to award this contract will determine the supplier survival and all done in 12 months. This should shake it up at least and you could even call it Eco-Factor.
When the government contract is complete then im sure us joe public will want one.
Re-tooling the UK factories well they did it for the war so why not for survival. Forget the 500 million to re-tool.
Thats enough tree hugging for me tonight.

]]> By: Karen Cillie http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-260 Karen Cillie Fri, 27 Feb 2009 19:59:53 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-260 Dear Mr. Quest How much money has been given in the world until now for bad dept? We are 6 bil. people in the world, it looks o me that it will be cheaper to just divid al that money between the inhabitants of the world and get rid of world poverty and greedy bankers. I know it sounds stupid but taking that pension after so bad a job done is even worst. Karen Dear Mr. Quest

How much money has been given in the world until now for bad dept?
We are 6 bil. people in the world, it looks o me that it will be cheaper to just divid al that money between the inhabitants of the world and get rid of world poverty and greedy bankers.

I know it sounds stupid but taking that pension after so bad a job done is even worst.
Karen

]]> By: Andres http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-252 Andres Fri, 27 Feb 2009 10:23:31 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-252 Well, at least we aren't in the phase of bailing out countries...but seems a matter of time.. Well, at least we aren't in the phase of bailing out countries...but seems a matter of time..

]]> By: Craig Eyles http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-245 Craig Eyles Thu, 26 Feb 2009 11:46:19 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-245 I'd say bust. To take another perspective, if car makers A, B, & C went bust, & I had car D of the same year, I'd guess that makes my car worth more compared to today. Therefore, if some went bust, it would be good for us car owners. I'd say bust. To take another perspective, if car makers A, B, & C went bust, & I had car D of the same year, I'd guess that makes my car worth more compared to today.
Therefore, if some went bust, it would be good for us car owners.

]]> By: Lauro Silva - Brazil http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-192 Lauro Silva - Brazil Mon, 23 Feb 2009 16:24:23 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-192 Richard, compliments on your post, it hit the spot. The most important step for the time being is the government recovering the people confidence, getting closer and closer to them and farther from financial institutions, automakers and the like. The people are the most liable ones to fix the mess. Laidoffs and home-losers  should be provided with  money into their hands to pay off their debts. There are many ways to accomplish that and more than anything, being cheaper, more effective, free from bribes, grafts and easier to supervise. This procedure,besides start recovering immediately their confidence would provoke, as well, new jobs coming up. The economy would gradually start getting back to the rails. Politicians always despise the people thoughts and only petty.profitable for them, politics is their target.  Politicians, bankers, managers, CEOs are terribly weath today by dint of the ordinary people and nothing more fairer than they had  their tax return rate increased for a good five years at least. As to the institutions themselves. no more stimuli, bailouts, whatsoever,  About time new institutions with new brains were created. leaving the old ones to pull their own chestnuts out of the fire by themselves. Richard, compliments on your post, it hit the spot. The most important step for the time being is the government recovering the people confidence, getting closer and closer to them and farther from financial institutions, automakers and the like. The people are the most liable ones to fix the mess. Laidoffs and home-losers  should be provided with  money into their hands to pay off their debts. There are many ways to accomplish that and more than anything, being cheaper, more effective, free from bribes, grafts and easier to supervise. This procedure,besides start recovering immediately their confidence would provoke, as well, new jobs coming up. The economy would gradually start getting back to the rails. Politicians always despise the people thoughts and only petty.profitable for them, politics is their target.  Politicians, bankers, managers, CEOs are terribly weath today by dint of the ordinary people and nothing more fairer than they had  their tax return rate increased for a good five years at least. As to the institutions themselves. no more stimuli, bailouts, whatsoever,  About time new institutions with new brains were created. leaving the old ones to pull their own chestnuts out of the fire by themselves.

]]> By: Clive Taylor-Haasz http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-190 Clive Taylor-Haasz Mon, 23 Feb 2009 08:24:58 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-190 It is pure economics, when a company carries so much debt, with the market shrinking, there is no way it can work its self out of it. Let's stop dreaming, let them go to the wall, get rid of the dros, start a fresh. No point in wasting any more time, talk or tax payers money. Its reality that's needed, when you have a cancer like this, treat it. It is pure economics, when a company carries so much debt, with the market shrinking, there is no way it can work its self out of it. Let's stop dreaming, let them go to the wall, get rid of the dros, start a fresh. No point in wasting any more time, talk or tax payers money. Its reality that's needed, when you have a cancer like this, treat it.

]]> By: Jacob Hausman http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-183 Jacob Hausman Sun, 22 Feb 2009 19:58:42 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-183 There should be no bailout. The economy is harshly impartial to people lower in the rung, it can afford the same treatment to those at the top - after all, it is windy at the top. There is no room for everyone, some have to fall on the wayside. It happens to civilizations, cultures, empires..it's just how things are. The demise of these companies could spawn the people that will get us to the next level, almost like evolution, but by bailing out these companies we deny ourselves the chance to expose new talent. What we need to do is cast aside fear and rest assured that there are sufficiently qualified, resourceful and innovative people who can readily respond to the current and future situations better than the current ones, they have served a purpose, I'm sure there are generations grateful to them, but now it's time to get a fresh hand out the deck, put out bets down and play the good game. There should be no bailout. The economy is harshly impartial to people lower in the rung, it can afford the same treatment to those at the top – after all, it is windy at the top. There is no room for everyone, some have to fall on the wayside. It happens to civilizations, cultures, empires..it's just how things are.
The demise of these companies could spawn the people that will get us to the next level, almost like evolution, but by bailing out these companies we deny ourselves the chance to expose new talent.

What we need to do is cast aside fear and rest assured that there are sufficiently qualified, resourceful and innovative people who can readily respond to the current and future situations better than the current ones, they have served a purpose, I'm sure there are generations grateful to them, but now it's time to get a fresh hand out the deck, put out bets down and play the good game.

]]> By: Lauro Silva - Brazil http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-181 Lauro Silva - Brazil Sun, 22 Feb 2009 15:44:22 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-181 No doubt the public is much more to blame for the mess than the automakers themselves. For many and many years, still now, everyone, ourselves included, was spending much more money than they could afford, only to show their neighbors their new and more expensive and sophisticated cars until the neighbors revenged. It stands to reason that all this relying on bank loans.The greedy automakers and bankers took advantages of it, for sure. That and the like are the cause of the collapse. We can´t undo what´s done and keep crying over the spilled milk is not the right thing to be done.Let´s roll up the sleeves and get to a fresh start. No doubt the public is much more to blame for the mess than the automakers themselves. For many and many years, still now, everyone, ourselves included, was spending much more money than they could afford, only to show their neighbors their new and more expensive and sophisticated cars until the neighbors revenged. It stands to reason that all this relying on bank loans.The greedy automakers and bankers took advantages of it, for sure. That and the like are the cause of the collapse. We can´t undo what´s done and keep crying over the spilled milk is not the right thing to be done.Let´s roll up the sleeves and get to a fresh start.

]]> By: Lauro Silva - Brazil http://questmeansbusiness.blogs.cnn.com/2009/02/18/bailout-or-bust/#comment-180 Lauro Silva - Brazil Sun, 22 Feb 2009 14:48:12 +0000 http://questmeansbusiness.blogs.cnn.com/?p=66#comment-180 you gotta do what gotta do but bailout. To trust greedy CEOs they will recover the corporations on bailouts, amidst a deep mess, it´s a dead duck. A very likely attempt is the employees taking over, with less and also simpler and cheaper models, not leaving laidoffs out of financial assistance by the government. you gotta do what gotta do but bailout. To trust greedy CEOs they will recover the corporations on bailouts, amidst a deep mess, it´s a dead duck. A very likely attempt is the employees taking over, with less and also simpler and cheaper models, not leaving laidoffs out of financial assistance by the government.

]]>