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Rebaragon – I don’t think the health care charges put GM where they are now and frankly there are probably many reasons. Competition from overseas would though appear to be the main culprit.
When the Government or large organisations collect money on behalf of groups of people it tends to have a way of evaporating. I would rather take my cut of my “allowance” and take care of it myself. This idea that the State will take care of us from the cradle to the grave as the Labour party in Britain still believe it should is and always was, an absurd notion. Unions and companies having such funds are really asking for trouble since no doubt the money ends up in the hands of Wall St. money managers and from there we all know what happens.
Today the young realise the social welfare system will not be there for them and if they were smart they would figure out ways to avoid contributing to it. It’s a ponzi scheme (i.e. it takes increasing amounts of people to join in order to keep it going, just like the chain letter scams). With population rates falling in Europe and elsewhere the writing is on the wall in spite of attempts to open the floodgates and allow in as many people as possible into the U.K.
GM workers are entitled to everything they have worked for and that is why they should divide the fund up between them all and let them squander it on flat screen TV’s and new SUV’s so that they cannot blame anyone else for their position.
It is a shame that if the fund were paid out that 99% of them wouldn’t know what to do with the windfall other than the above. But the fact is that, properly managed, it would probably give them sufficient funds for their lifelong medical costs and much more.
Your point regarding wage disparity is true and the worker at the lower end makes less today in real terms than he did 10, 20, 30 years ago. Now that’s progress!
Lotus – The U.K would have had a run on the banks two weeks ago if the Gov’t hadn’t stepped in and bailed out Nothern Rock. Now tax payers money in England pay for the mortgages of the greedy in the U.S. This is not exactly capitalism is it? It’s more like a form of communism. If the markets were allowed to do what they are supposed to many more banks and indeed institutions would rightly fail; unfortunately they are not allowed to and the lessons don’t get learned. Long Term Capital Management was a good example in that the effects were not properly felt by enough people.
I have been of the opinion the U.S. housing market was due for a correction for at least two years and the stock market for longer however the correction was put on hold by Greenspan. Gold $1,000 sooner rather than later. Did you buy some?
All the more reason why there shouldn’t be any health care packages. Give the workers the money and let them take care of it themselves; if they dont get coverage that’s their own problem. Why do people want others taking care of them anyway?
GM employees will not have a job at all soon if things continue the way they are. How can they compete with the Chinese or other Asian manufactures when they have years of commitments around their neck; the answer is they cannot.
Rather than demanding more from a sinking ship they should focus on getting the hell out and doing something else. Is that harsh?
Lotus – Your optimism is inspiring; you almost sound like Larry Kudlow!
If I had written in this forum two years ago that the housing market was due for the worst correction ever I would have been ridiculed (nothing new there). Had I added that a section of the mortgage market would collapse and cause international banks to collapse I would have been called a doom monger.
Using the popular media as a source of information we will of course be led astray; I don’t recall Jim Cramer warning his viewers about sub prime or indeed anyone on CNBC or any other U.S channel for that matter. Yet that this problem existed was known to many and kept quiet until it blew up. Do you not think it possible there could be more bad news out there?
The U.S. will not collapse but it may fall into a deep recession or even depression. This housing problem is far from overand may continue until we reach a forty percent decline.
I’m glad you brought up Japan; it really is a good case in point. Try as they may they were unable to lift their economy for 16 years even with zero interest rates. Stocks and real estate are still down close the where they fell in the early nineties. The Japanse are good at saving which is probably the only thing that prevented the situation from being more devasting. The U.S. on the other hand likes to spend and consumers have far less to fall back on.
On a different subject it would be interesting to hear from someone who fully supports CAFTA/TLC…so far it seems that everyone agrees.
Edited on Oct 01, 2007 11:19
Maravilla – in this instance I think it likely that telecom service and price will improve. It worked for the UK in the 80’s and I see no reason why it wont work here. I know nothing of the Nicaragua stituation and find it odd that tarriffs went up. Is this really accurate? Did they open the market or just allow in a new operator?
You say that CR should secure their future on the international trade arena and here I couldn’t agree more. Where I suspect that we fall out on this matter is your understanding on the world arena as an American and mine as a European.
Since most manufactured goods exported by the U.S. are now imported from China then why not cut out the middleman?
Demand for agricultural products is growing rapidly all around the globe and this country no longer needs the U.S or their feeble dollar. The U.S. is an empire that has now passed its peak; its obligations are weighing it down and its importance as a world power is already beginning to diminish. Whilst this may be a slow process the trend has already started and will continue until the dollar becomes another worthless fiat currency.
Yes, the U.S is still the largest consumer driven economy in the world however its consumers are now tapped out. They can no longer use their house as an ATM and the ARM’s are resetting; this will be the final blow that collapses the house of cards.
I cannot imagine one intelligent argument that could be made to support this offensive legal document and I suspect when the people of this country realize what they have signed up for they will want someone’s blood. Pity the person that is around to face the music when that happens.
Regarding your point that the U.S. should get its own house in order first I couldn’t agree more but how exactly do you suggest they do this?
Regarding your last point I don’t really get it; you sound like a politician. If it affects my life I’m going to have an opinion; unfortunately the law prevents us from being active in the debate locally so your point is somewhat mute.
Viva Costa Rica.
I thought ICE was a monopoly and therefore VOIP or any service that originates in CR should in theory be illegal although there is one company that I understand went to court and won and there are a few more openly operating and servicing the business community.
I have no idea how they get around the law…
If you’re going to extend this to include “sayings’ it could of course go on indefinitely……but in the meantime I hope you’re not going to “judge a book by it’s cover?”
But really this argument is getting silly since perhaps this company should be judged on their presentation, but that was never in question. We seem to be far removed from my original point that was dismissed as ignorant by 2dicks or whatever his username is. But the fact remains that no one has complained about not getting title from WWLI as far as I know.
In trying to be specific and get the facts about any promoter down here that falls under the scrutiny of this forum, as opposed to writing crass comments like “it’s a scam”, I am persistently rounded upon by one and all. Had Lotus listened to the comments he read in this forum re Wellington he would not have bought his plot for $6m2 which, as an infrastructure included price, has to be a hell of a deal.
Was it known at that time if there was a fundamental issue with this group? I frankly don’t know but it certainly came across that way. Lotus ignored the consensus of opinion and proceeded based upon the facts; my posts don’t defend WWLI they merely specify details that it seems many people don’t really want to hear.
The latest google search for WWLI produces the header from this forum “WWLI is a scam”! Now I no lawyer but……..
Edited on Sep 19, 2007 10:42
Lotus – I agree with you and did read your post in full. But doesn’t your new post reinforce the theme of mine? Wellington were still judged in spite of everything that was on their web site. I recall reading so many posts that would certainly put off any prospective buyer. So for anyone considering promoting their project using direct sales methods, beware; you will be judged to the full extent of this forum!
I will stop making such points when people stop posting reports based on other reports that they either overheard or read online in a chat room. Surely it’s in everyone’s interest that we separate the good from the bad and in treating them all equally we serve no one’s interests as it undermines the credibility of postings.
Again as you brought it up once more, no this is not a court of law so when people stop acting like judge, jury and executioner I will stop posting alternate points of view..until then expect more of the same.
bradbard – You seem to make my point for me. Wellington were not given a second chance or a first for that matter. No they were judged from the get go and had not, to my knowledge done anything wrong. Unless you know better?
Edited on Sep 17, 2007 10:31
An argument is a discussion in which disagreement is expressed. Correct me if I’m wrong but in stating “apparently you don’t have much experience of many developers down here” you were expressing a contrary point of view.
I stated that I’m my opinion WWLI would deliver title, you, in saying what you said above tried to say I was wrong and that’s where the disagreement started.
The fact that you make some general statements about developers here and then refuse to back them up doesn’t exactly counter my point about WWLI.
P.S. Regarding your advice to search this forum for documented complaints against several large developers I could do this, however as you well know this would only serve to further underscore my point since, there is not one posting in this forum from someone saying they haven’t received title, so it would seem you shot yourself in the foot with that piece of advice!
As I wrote, the fact that the owner had been arrested on fraud charges was enough of a reason to avoid them. But the same kind of “avoid” comments were posted about the very company you chose to buy from. And that is exactly my point; you say they (the company you bought from) had all of their credentials in place and yet they were still featured in this forum on a regualar basis as if they had already done something wrong! What does this say about the credibility of the postings herein?!!
