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16. December 2008, 14:18:44
Mort 
Subject: Re: "The White House said a disorderly bankruptcy in the motor industry would be a huge blow which the US economy could not withstand."
Artful Dodger:

"Apparently because the government feels the economy will suffer if they don't. I don't know about that one either."

.... It's like blowing up a building... uncontrolled bad news... debris everywhere.

"n fact, it was the government that caused the loss of thousands of jobs. They will claim that after deregulation other companies were created, and thereby the creation of new jobs."

Nope, not governments fault, it's called competition, free market and all. Not the governments fault that things didn't go exactly as they hoped. That was private sector decisions.

"Whoever told you that is a nut. We should ALWAYS question our leaders. But we should also support them in their difficult job."

Yes it is a nutty idea. As to support... that's a matter upto the individual, I'd say maybe a better line would be not to interfere.

"The government sucks at running a hospital. They can't rebuild New Orleans because they've created a huge process for building."

New Orleans is a big city is it not, and why not at the same time make a better city and lessen the probability of a similar event.
... And hundreds of houses compared to how many hundreds of thousands of buildings isn't exactly much.

"An excellent point which illustrates why the government often fails when it runs things: pointless policies based on ill-thought ideas. That sums it up quite nicely."

And that doesn't happen in private industry? Sinclair went under due to the C5 project, recently in the news is the trouble with hedge funds with billions been lost because (as an expert said) no-one really looked at what they were doing... and from what I hear it isn't the only case and more will apparently appear. The only thing that I see the government in the USA doing wrong in this instance is unlike the UK regulation is not mandatory in the hedge fund business.

... Oversea call centres... bad lines, badly trained staff (as I've found out) and most companies are now reversing the idea and setting things up so all call centres are based in the UK... I imagine the USA has the same problem.

All sectors private and public can make bad decisions. that is the truth of the matter.

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