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GM Asked To Pay Back $10 Billion Bailout Costs
Topic Started: Dec 17 2013, 01:01 AM (1,114 Views)
Brewster
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Sea Dog
Dec 17 2013, 08:56 PM
Banandangees
Dec 17 2013, 08:51 PM
What would be more important to a nation, car production and workers who benefit from it; or, food production and workers who benefit from it?
How many cars do you eat each day?
Why do we have to choose?
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Mountainrivers
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Brewster
Dec 17 2013, 10:24 PM
Sea Dog
Dec 17 2013, 08:56 PM
Banandangees
Dec 17 2013, 08:51 PM
What would be more important to a nation, car production and workers who benefit from it; or, food production and workers who benefit from it?
How many cars do you eat each day?
Why do we have to choose?
We don't have to choose. We export both food and cars.
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Banandangees
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MR is talking present. What we should do is think future.

We don't have to choose, we just have to be sensible about both. The energy is there for citizens of North America. The food needs to be produced from scratch each year. There are those who would stop farm subsidies. I'm thinking more of keeping the small, local farmer in business as insurance...... as a means of Food Security, now and in the future.

It has been estimated that "To meet global food demand in 2050, agricultural production must be 60 percent higher by weight than in 2005. Link. So, there will become an increasing competition for food if that estimate is correct.

China is the leading nation in food production (not always of high quality control) and also one the leading consumers.

The US is forth in production (it was first at one time) and is near the top along with the EU in consumption with a high population being fed by the tax payers. Can you imagine those dependent on government for food not having it available, not because the tax payer can no longer afford the cost of it, but because the supply is low which raises the cost. The US (North America) can't afford, in the future, to be energy or food dependent. Producers

The United States and the EU are the leading exporters and importers of food by nation, that can change with negative repercussions as demographics and world economies change.

When small farms close, you don't just crank them back up again. Equipment rusts, becomes outdated, land quality deteriorates..... then there are fertilize and pest control problems in the future as "bugs" in the world become immune/tolerant to chemical treatments from unwise farming practices.

Edited by Banandangees, Dec 17 2013, 11:58 PM.
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campingken
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The auto industry is a lot more than driving cars. One in Seven jobs in the US are related to the auto industry. Also it is vital to our national defense (see WWII).

I believe that we should also use tax money to help keep the small farm. They are the only ones maintaining our crop and live stock diversity. With mega farms one disease could wipe everything out..

If the earth's population continues to grow at the current rate it will out strip food production and nature will put things back into balance (it won't be human friendly).
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Pat
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Getting back to the original question, how many think that it would be the right thing to do for GM and their stockholders to pay back the $10 billion?

Secondly, how many believe a product boycott might be a solution in getting them to do what is right?
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Neutral
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I've already said I want them to pay it back and I will never buy a GM product again.
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campingken
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I believe that GM should pay the govt. back if they can. I don't know if boycotts work or not. Personally the only way I'd boycott GM is if Ford or Dodge offered a better deal.
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Mountainrivers
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Pat
Dec 18 2013, 01:24 AM
Getting back to the original question, how many think that it would be the right thing to do for GM and their stockholders to pay back the $10 billion?

Secondly, how many believe a product boycott might be a solution in getting them to do what is right?
I think GM should pay the taxpayers back. That should be their first priority before such things as stock buybacks and dividends.
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campingken
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MR,

However it will definitely be a lower priority than executive perks and pay.
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Mountainrivers
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campingken
Dec 18 2013, 04:20 AM
MR,

However it will definitely be a lower priority than executive perks and pay.
Yes, we can depend on that.
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