“Insanity: doing the same thing over and over again and expecting different results.”

Albert Einstein
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That quote is exemplified by the example of Americans voting year after year for either political party’s representation, and getting the same (and exponentially worse) result…isn’t it? LOL…

I give up.

Let’s just get rid of all Government…Federal, State and Local. Let’s privatize the whole thing to Wall Street and “free enterprise”.

But, while we are at it, let’s be sure to not get rid of the Federal Reserve (since they are not a part of the Federal Government…they are a private sector entity also)…and as Paulson has shown, there is “great wisdom there”…

Of course, we would all be much better off…including our National defense. All of our defense needs could be contracted out and outsourced and we would be in fine hands.

And, just think, no more taxes!

Supposedly, “there is no free lunch”…so someone will pay. Equally and fairly, I am sure.

All the above was obviously over the top sarcasm, and I apologize now before the clicking the “Submit Comment” button.

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein

Case in point; Daimler pumped billions of $s into Chrysler to find out it is a bottom less pit. Cerberus followed Daimler and pumped billions more $s into Chrysler. Recently the auto company has received additional billions of $s from the US Government.

If one of the best run automakers in the world and one of the top turnaround companies cannot make Chrysler a viable business it is highly doubtful the US Government would yield a different result.

“Question is; should the government or marketplace decide what happens? My trust is with the consumer, therefore I vote for the marketplace.”

Right now, it doesn’t make any difference. The “marketplace” (the financier’s and banking systems) have obliterated most of the world “marketplaces”.

So, if all other world Governments give relief to their home based manufacturing sectors, your argument seems quite suicidal, at best.

Every legal tobacco product from premanufactured cigarettes and cigarette papers to cigars to roll-your-cigarettes, pipe tobacco, and smokeless tobacco will be taxed out the wazoo. Take roll-your-own tobacco. It’s currently taxed at $1.0969/lb. The Obama/Democrat S-CHIP plan would hike that to $24.62/lb.… Michele Malikin Read|More

Tax relief for ordinary Americans! Is this change you can believe in?

GM and Chrysler are very sick companies. While there are a number of ideas out there on how to turn the situation around truth is most of these have been tried in one form or another. Improved quality, robotics, smaller cars, electric cars, reduced costs, competitive pricing, improved marketing, incentives etc have all been tried and have failed to cure the patient. The latest treatment is to put the companies in the domain of public interest. Problem is these companies are past the point where they can be repaired without a complete restructuring via bankruptcy, even this is not guaranteed!

Understanding the argument of a worldwide auto industry recession the fact remains that even in good times the industry is over capacity. However one of these companies needs to either fail or be consolidated. Question is; should the government or marketplace decide what happens? My trust is with the consumer, therefore I vote for the marketplace.

What would my property tax bill tell me? ” New Jersey through over taxation and regulation has been particularly effective at chasing industry out of the state resulting in ever increasing taxes.

Business taxes overall have a counter productive effect with either the consumer or the employee indirectly assuming the cost to this point Testa pointed out;

..business taxes are ultimately reflected in higher product prices paid by state residents or in lower wages and salaries paid to employees.

Of course businesses should pay taxes. However, those taxes need to set in a way that is not punitive to those businesses.

The auto industry has always been cyclical where in a free market system only the strong survive.

http://www.leg.state.mn.us/LRL/Issues/Nwa.asp