Comments by user: Anvskvti
- Most Read
- Discussed
- Most E-mailed
- Report: LV home prices fall despite increases nationwide
- Funeral procession for slain officer includes Las Vegas Strip
- Boyd Gaming sues man over Internet domain name
- General Growth moving subsidiaries out of bankruptcy protection
- Bellagio sues company over alleged trademark infringement
- Justin Hawkins is a Rebel with many causes
- Man on death row for 1990 Vegas murder kills self
- Metro officer remembered as ‘protector’ of family, community
- Judge to rule whether Lt. Gov. Krolicki case continues
- When did Binion’s $1 million display appear?
Blogs
The Kats Report
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (2 Comments)
Politics: The Early Line
Meeting of GOP governors draws challengers, not Gibbons (1 Comment)
Politics: Ralston's Flash
Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (1 Comment)
Now and Then
Underdog is open on a post pattern
Miech Again
Kruger contract altered in September (2 Comments)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond brings DWTS trophy to Las Vegas
High School Sports Scene
Prep Football: State Semifinals Picks (4 Comments)
Calendar »
- 26 Thu
- 27 Fri
- 28 Sat
- 29 Sun
- 30 Mon
-
DJ Battle at Drai's
Drai's Afterhours | 10 p.m. to 11:59 p.m.
-
2012 at Cheyenne Saloon
Cheyenne Saloon | 10 p.m. to 11:59 p.m.
-
Sampson's Army at the Double Down Saloon
Double Down Saloon | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
Bailing out businesses because they are purportedly too big to fail may be dangerously close to the illegal use of powers to obtain property, funds, or patronage. In legal terms this could perhaps best be described as economic extortion. In terms of a society it could be called socialism. Bailing out businesses and people because of natural disasters is one thing, but quite another when businesses and individuals who have been careless of the consequences of ignoring the fundamental forethought required for sound basic business principles is quite another. Now is not the time to finger point, but it is definitely time for solutions.
Perhaps the best solution may be to let the car industry find a way to solve its own problems. Necessity is the greatest mother of invention and ingenuity. When costs exceed profits it is time to re-think your business plan. In this case a bandage on an open wound will not solve all the industry's problems in the short term or the long term. Surely bright business minds are quite capable of working out a solution without having to lay off thousands of people and without asking responsible fellow American's to pay their bills. If not then perhaps it is best the big 3 fail quickly and let other bright business minds take on the challenge. Most people I know agree that any business who claims they have purportedly grown to big to fail should simply fail and restructure rather then see America surrender the very principles that has made this country the leading economic power in the world.
"Green" cars will not be possible without restructuring the entire industry including America's energy resources. You can't sell electric cars if America's antiquated power grid can't supply the demand. Perhaps one solution would be putting all those who purportedly would lose their jobs if the big 3 should fail to work re-building a 21st Century American national power grid along with alternative energy resources. There's an investment that most folks could support and in fact our economic national security depends on it.