Phred said:

Quote:

i wonder what Government controlled capitalism is called?

---

Fascism. No, seriously... it is called Fascism. See http://www.shroomery.org/forums/showflat.php/Number/9094010#9094010




Phred

---

Quote:

A large part of the [WSJ] article is given over to a discussion of the absence of industry expertise among the members of the auto industry team.

In session after session in a warren of offices at the Treasury Department, the team has sat through tutorials on dealer financing, studied basic data and debated the future of U.S. car sales. They have spent days trying to understand the complexities of the hundreds of companies that supply the car companies with axles, seats and other parts.

Steven Rattner, a former journalist-turned-investment banker, was picked last month to head the team…[he says] “[W]e’ve learned a lot about how car dealers work

---

Quote:

Disquieting isn’t it. I can’t fault the members for trying to get their hands around the industry whose future they are deciding but I don’t understand why a few people with real industry expertise aren’t integral members of the panel. It’s one thing to get a crash course and quite another to apply the lessons in a cogent manner.

---

Quote:

The team’s industrial expertise comes from Ron Bloom, a scrappy Harvard Business School graduate who gave up investment banking in 1996 to work as a top adviser to the United Steelworkers union…

Several team members, such as Brian Deese, a 31-year-old former Obama campaign aide, are on loan from the White House’s National Economic Council. Three others specialize in climate change. The rest come from agencies such as the Energy and Labor departments. Backing them up are about 30 accountants and advisers.

Great. Just great. Thirty-one-year old. Specialists in climate change.

There’s more, if you’ve got the stomach for it:( Other guy's inserted commentary)

People on the Fiat team came away [from a meeting with the task force] thinking that the task force’s questions betrayed a limited understanding of the industry. “It’s fair to say we walked out of the meeting and were a little unsettled,” says one member of the Fiat team…

Several auto experts who’ve met with the panel say they’ve been struck by the group’s focus on trying to determine exactly when car sales will rebound. “They are absolutely concerned with the short-term, so it’s hard to see them grasping the medium or longer-term issues,” says Daniel Roos, an automotive expert at the Massachusetts Institute of Technology, who briefed the team in Washington on March 6.]

---

lonestar2004 said:

Cubie said:

even though its not the governments place to step i n like this it is the governments place to ensure that the country has a future in the world economy and if this is what is required then so be it

---

i wonder what Government controlled capitalism is called?

its not socialism.

---

Cubie said:

wasnt it rome that would suspend democracy in time of need?

---

did it help Rome?

lonestar2004 said:

Cubie said:

wasnt it rome that would suspend democracy in time of need?

---

did it help Rome?

---

lonestar2004 said:

and Zappa remember the government has done a great job running Amtrak!

---

lonestar2004 said:

Cubie said:

wasnt it rome that would suspend democracy in time of need?

---

did it help Rome?

---