Comments on: High Stakes Poker? http://thesecretsofvancouver.com/wordpress/high-stakes-poker/economy “Where Just Being 'Right' Is Wrong" Wed, 23 May 2012 13:07:34 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Powell lucas http://thesecretsofvancouver.com/wordpress/high-stakes-poker/economy/comment-page-1#comment-1014 Powell lucas Thu, 18 Dec 2008 03:12:29 +0000 http://thesecretsofvancouver.com/wordpress/?p=2662#comment-1014 Even Dopey Dalton conceded today that this bailout is only the first of many. Once the auto companies get their paws on this money they know they will have the government over a barrel: "Either give us more or you'll look like idiots when we cease operations and you lose the first chunk of bailout cash." Dalton doesn't care. He's only interested in his political career. I care, It's my money. Surely everyone has seen what the banks have done with all the assistance they got...nada, zilch, zero, nothing. Where is this easing of the credit markets? Has anyone seen it? The banks will sit on their hands with a good looking balance sheet since the taxpayer now holds most of the loans, good and bad, that the banks have accrued. They will continue to do so while they let the spread in what they pay the Bank of Canada for money and what they charge to lend it grow. When they have repaid all their stockholder losses and fattened their bottom line they may condescend to start lending small amounts again. And, what the auto companies see the banks getting away with, only encourages them to use whatever pressure tactics they can bring to bear so they too, can pillage the taxpaying public. Even Dopey Dalton conceded today that this bailout is only the first of many. Once the auto companies get their paws on this money they know they will have the government over a barrel: “Either give us more or you’ll look like idiots when we cease operations and you lose the first chunk of bailout cash.” Dalton doesn’t care. He’s only interested in his political career. I care, It’s my money.
Surely everyone has seen what the banks have done with all the assistance they got…nada, zilch, zero, nothing. Where is this easing of the credit markets? Has anyone seen it? The banks will sit on their hands with a good looking balance sheet since the taxpayer now holds most of the loans, good and bad, that the banks have accrued. They will continue to do so while they let the spread in what they pay the Bank of Canada for money and what they charge to lend it grow. When they have repaid all their stockholder losses and fattened their bottom line they may condescend to start lending small amounts again. And, what the auto companies see the banks getting away with, only encourages them to use whatever pressure tactics they can bring to bear so they too, can pillage the taxpaying public.

]]> By: Brian Gardiner http://thesecretsofvancouver.com/wordpress/high-stakes-poker/economy/comment-page-1#comment-1011 Brian Gardiner Thu, 18 Dec 2008 01:47:03 +0000 http://thesecretsofvancouver.com/wordpress/?p=2662#comment-1011 Nothing dramatic here, actually. When there is excess capacity, they shut down plants for a week, or two, or three. It is very common, especially this time of year. In fact, attaching a lay-off to Christmas gives them extra time to do some re-tooling work if they are so inclined (which they probably aren't right now). At Chrysler's Brampton plant we have known for about a month that we weren't returning for two weeks after Christmas. It is the third year in a row we have had January lay-offs, and two years ago we were off three weeks after Christmas. What to watch for is more weeks being added on. Those words in the article, "will shut all 30 of its plants for <b>at least a month</b>" that is the important point. If they extend that lay-off into five, six or more weeks that <i>is</i> unusual. Nothing dramatic here, actually. When there is excess capacity, they shut down plants for a week, or two, or three. It is very common, especially this time of year. In fact, attaching a lay-off to Christmas gives them extra time to do some re-tooling work if they are so inclined (which they probably aren’t right now).

At Chrysler’s Brampton plant we have known for about a month that we weren’t returning for two weeks after Christmas. It is the third year in a row we have had January lay-offs, and two years ago we were off three weeks after Christmas. What to watch for is more weeks being added on. Those words in the article, “will shut all 30 of its plants for at least a month” that is the important point. If they extend that lay-off into five, six or more weeks that is unusual.

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