Saturday, December 06, 2008

Vauxhall

Why should British taxpayers be expected to help Vauxhall when British car drivers don't want to buy them!?!
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5 comments:

Mark Wadsworth said...

Why should ye olde taxpayer bail out reckless mortgage borrowers/lenders when nobody wants to buy houses or shares in banks?

11:10 pm
Snafu said...

Mark, they shouldn't be either.I've said previoulsy that the Government should do nothing. The market will sort itself out and new lenders will automatically enter the marketplace should profitable enterprises require funding.

Economics is all about the allocation of scarce resources, if resources are not being used profitably, the companies should be allowed to collapse so that the resources can be used more productively elsewhere.

12:43 pm
Alfie said...

I hear LMS, LNER, British Leyland, the Concorde project and Rolls Royce (jet motors) are all in a bit of bother also...

However, the government have decided to let the TSR2 project and the Marconi company go t*ts up....

Governments have always been selective about who they save (and why)....

10:10 am
Snafu said...

Alfie, may I introduce you to Margaret Moran MP, the Labour MP for Luton South!

10:29 pm
Anonymous said...

Erm, same reason as American taxpayers need to help out Ford and GM even though they've been making products nobody wants for years, I suppose.

Lobbying, Unions, Votes, same old same old.

10:49 am

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