Quote:
Originally Posted by sexobon
This just has to be repeated until you can grasp reality.
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GM's and Chrysler's purpose was profits. So the government had to bail them out. William Clay Ford said the purpose of a company is its products - a radical change from Nasser who only wanted profits. So Ford did not request or need government bailout. Ford's reward - not its purpose - record profits.
Purpose is either a product or profit. It cannot be both. Companies that only want profits (Sears, Radio Shack, etc) end up only enriching the central committee of the communist party- top management. While blaming everyone but themselves.
This has been long understood. American steel companies who did not care about the product - therefore do not even have electric arc furnaces - will now run to The Donald for protection. Why? Because foreign steel companies addressed their product. Ie use electric arc furnaces. Therefore also have profits, no adversarial employees, no financing problems, a growing market share, etc.
American steel companies cost controlled products to create profits. Must again run to the government for protection.
This will be denied by extremists who will love it when The Donald protects anti-innovation (anti-American) steel companies. Habitual extremist is a sounding board to demonstrate that ignorance and denial lives on. Extremists cannot learn. Extremist can only recite what their handlers (talking heads) tell them to believe.
Only moderates learn and think for themselves.