Is Walmart going to ask for a bailout?

Discussion in 'Politics' started by B_bi_in_socal, Jan 21, 2009.

  1. B_bi_in_socal

    B_bi_in_socal New Member

    Joined:
    Jan 11, 2009
    Messages:
    228
    Likes Received:
    0
    Or are the unions only strong-arming the American auto industry into the grave?

    For as much bitching and moaning that the Corporate Unions do about Walmart, at least it ain't Walmart that can't manage it's own affairs. Rather, it is Walmart who has closed stores to lock out unions and lobbied congress against government regulation.

    Keep the government and corporate unions out of free enterprise.


    A wise man once said "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. ".

    Looks like the auto industry is the victim of all 3 events.
     
  2. ripsrips

    Verified Gold Member

    Joined:
    Nov 5, 2006
    Messages:
    668
    Albums:
    1
    Likes Received:
    28
    Gender:
    Male
    Location:
    Central Coast, CA
    Verified:
    Photo
  3. D_Bob_Crotchitch

    D_Bob_Crotchitch New Member

    Joined:
    Jun 11, 2006
    Messages:
    8,498
    Likes Received:
    18
    are you starinvestor or another poster in disguise?
     
  4. mindseye

    Gold Member

    Joined:
    Apr 9, 2002
    Messages:
    5,685
    Likes Received:
    1
    Gender:
    Male
    So . . . remind me again, which industry needed the bigger bailout -- the unionized auto industry, or the non-unionized financial services sector?

    One out of eight American workers belongs to a union (source), and you've cited the example of a single unionized industry requesting a bailout.

    Do you frequently make generalizations from a single example?
     
  5. B_bi_in_socal

    B_bi_in_socal New Member

    Joined:
    Jan 11, 2009
    Messages:
    228
    Likes Received:
    0

    Let me simplify it.

    Walmart was not foolish enough to throw in with corporate unions DESPITE pressure from the likes of the AFL CIO. The auto companies were, or at least were coerced by the violent likes of Jimmy Hoffa and other Bolsheviks.


    It is the corporate unions and their greed that have not only bankrupted the auto industry but made them unviable in the competitive marketplace.
     
  6. cajun boy 8x6

    cajun boy 8x6 Member

    Joined:
    Feb 21, 2008
    Messages:
    257
    Albums:
    1
    Likes Received:
    2
    Gender:
    Male
    Location:
    katrinaville la.
    i bailout walmart every time i walk thru the doors
     
  7. mindseye

    Gold Member

    Joined:
    Apr 9, 2002
    Messages:
    5,685
    Likes Received:
    1
    Gender:
    Male
    Yes, and you've certainly established your credentials today as a scholar of the American labor movement.

    Exactly what relationship did Jimmy Hoffa have with the automobile manufacturing industry? He was with the Teamsters, not UAW.
     
  8. B_bi_in_socal

    B_bi_in_socal New Member

    Joined:
    Jan 11, 2009
    Messages:
    228
    Likes Received:
    0

    Jimmy Hoffa modeled the behavior that the corporate unions practice today.

    Intimidation, coercion, corruption.
     
  9. kalipygian

    Gold Member

    Joined:
    Dec 3, 2005
    Messages:
    1,982
    Albums:
    1
    Likes Received:
    35
    Gender:
    Male
    Location:
    alaska
    I've been smelling something too, but I'm not quite sharp enough to tell just what.
     
  10. Principessa

    Gold Member

    Joined:
    Nov 22, 2006
    Messages:
    19,494
    Likes Received:
    28
    Gender:
    Female
    Funny, I thought the Republicans modeled that behavior long before Hoffa came along. :rolleyes:
     
  11. dong20

    Gold Member

    Joined:
    Feb 17, 2006
    Messages:
    6,130
    Likes Received:
    5
    Location:
    The grey country
    Well, the owner of WalMart stores has just had a custom made 'mega' yacht built (in Cornwall). Personal purchase or not, any allusion to having fallen on hard times would be treated with appropriate scepticism - by me anyway.
     
  12. Deno

    Gold Member

    Joined:
    Apr 19, 2006
    Messages:
    4,771
    Albums:
    1
    Likes Received:
    27
    Well as I see it, Gov. employees and School workers are unionized and require being bailed out every year, at least my property taxes get raised every year because they can't live within there budget. Now the county wants to raise property values in an economy when property values are declining.
     
  13. mindseye

    Gold Member

    Joined:
    Apr 9, 2002
    Messages:
    5,685
    Likes Received:
    1
    Gender:
    Male
    We are? First I've heard of it.
     
  14. ripsrips

    Verified Gold Member

    Joined:
    Nov 5, 2006
    Messages:
    668
    Albums:
    1
    Likes Received:
    28
    Gender:
    Male
    Location:
    Central Coast, CA
    Verified:
    Photo

    Good for him...it's a private company and he can use his wealth however he wants.
     
  15. kalipygian

    Gold Member

    Joined:
    Dec 3, 2005
    Messages:
    1,982
    Albums:
    1
    Likes Received:
    35
    Gender:
    Male
    Location:
    alaska
    It is owned by 8 or 10 people. Sam Walton headed the richest person in America list from '85 until he began to pass his shares on to his wife and four children. They were 5 of the top 10 until '05. I have not heard of any of them using a significant part of their wealth to any worthy purpose. Walton gave a few million to his church, and the local university. One daughter I think set up a museum.

    A good case for inheritance taxes in the percentages levied by the British government. A fortune made and maintained by exploiting underpaid workers and predatory practices against competitors. No sympathy from me.
     
  16. B_bi_in_socal

    B_bi_in_socal New Member

    Joined:
    Jan 11, 2009
    Messages:
    228
    Likes Received:
    0

    lol You'd be perfect for government.

    You people always think you have a better way to spend the money that other people have earned.
     
  17. kalipygian

    Gold Member

    Joined:
    Dec 3, 2005
    Messages:
    1,982
    Albums:
    1
    Likes Received:
    35
    Gender:
    Male
    Location:
    alaska
    Inheriting is not earning, no one needs a fortune in the billions.

    And responding to trolls not one of my priorities.:wink:
     
  18. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    That being said, if anyone builds an empire that employs hundreds of thousands of people...and by virtue or that..pays tens of billions of dollars of taxes and puts millions of kids through school...retires thousands of people comfortably...i, and tens of thousands of thankful WalMart employees...thank Sam Walton for what he has contributed....and if he doesn't own the right to pass along his legacy to his own children...because the gov't says that those who risked nothing deserve his legacy more than his own family....then shame on you kali.
     
  19. B_bi_in_socal

    B_bi_in_socal New Member

    Joined:
    Jan 11, 2009
    Messages:
    228
    Likes Received:
    0

    And of course because money is inherited, the government assumes they can steal a share for themselves, is that it?
     
  20. B_bi_in_socal

    B_bi_in_socal New Member

    Joined:
    Jan 11, 2009
    Messages:
    228
    Likes Received:
    0

    These people have no shame. For them it is about revenge and class warfare.

    Punish the rich in the name of the mediocre.
     
Draft saved Draft deleted