james
join:2001-02-26
antarctica
| Re: How big will the kick back be to the GOP. said by Mr Matt  :  I wonder how many $$$ Sirius/XM will kick back to the "Greedy Old Pigs" (GOP), through campaign contributions, for using the Kevin Martin rubber stamp to approve the merger? Nowhere near as much money as the NAB has used to bribe (oh I'm sorry, "lobby") congressmen and others in order to stop the merger.
Either the companies merge or they both go under. | |
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james
join:2001-02-26
antarctica
| Re: How big will the kick back be to the GOP. That quote is exactly where I got that from. Both companies are bleeding money, it doesnt take a genius to figure out that if your company loses money each year it is in existence that's a bad thing. Investment capital isn't some unlimited money fountain.
The reason they will never admit they're going to be bankrupt without the merger is because if it doesnt go through, their stock will immediately drop like a rock while everyone scrambles to get out. No company is stupid enough to admit that it's doomed unless it wants to lose its investors. | |
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join:2008-02-13
Hingham, MA | Re: How big will the kick back be to the GOP. That's true- the only companies allowed to lose money year after year for extended periods of time are the major airlines, and even they have to go bankrupt now and then. | |
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wwdubbia
join:2002-06-03
Clinton, NY
| Re: How big will the kick back be to the GOP. said by EPS :That's true- the only companies allowed to lose money year after year for extended periods of time are the major airlines, and even they have to go bankrupt now and then. Don't forget General Motors. | |
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Dogfather
Premium
join:2007-12-26
Laguna Hills, CA | They get occasional gov't bailouts too. | |
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Maggs
Premium
join:2002-11-29
Woodside, NY
 ·RCN CABLE
| The airlines are responsible for WORLD commerce, if they go bankrupt our economy either slumps or collapses. That's why most governments heavily subsidize airlines. Buying a 747 costs $16 million, imagine buying 60 planes.
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NIL ILLEGITIMUS CARBORUNDUM! | |
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roc5955
Premium
join:2005-11-26
Rosendale, NY
·RoadRunner Cable
| Well if their stocks drop like a rock, than maybe the market just is not ready for satellite radio. If this was a REAL unregulated capitalist society, than the market would prevail, but this is just another form of corporate socialism, wishing that the merger will make satellite radio survive. If the one company goes down, than there will be some truth that people do not want to pay for radio, when they can get it for free.
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"Understanding is a three-edged sword." | |
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DaveNJ
No Fear
join:1999-09-01
New Jersey
·Comcast
·Patriot Media
1 edit | Re: How big will the kick back be to the GOP. said by roc5955 :Well if their stocks drop like a rock, than maybe the market just is not ready for satellite radio. If this was a REAL unregulated capitalist society, than the market would prevail, but this is just another form of corporate socialism, The government isn't giving sirius/XM any money. There are just merging operations. Companies merging is not socialism.
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“Say no to fear. Don’t let anxiety crush your life. Live life free and unfettered.”
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roc5955
Premium
join:2005-11-26
Rosendale, NY
·RoadRunner Cable
| Re: How big will the kick back be to the GOP. said by DaveNJ :said by roc5955 :Well if their stocks drop like a rock, than maybe the market just is not ready for satellite radio. If this was a REAL unregulated capitalist society, than the market would prevail, but this is just another form of corporate socialism, The government isn't giving sirius/XM any money. There are just merging operations. Companies merging is not socialism. Who said that the government was giving these companies money?
FYI: From Merriam-Webster online, the definition of socialism is: 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods (or services)
(bold and parentheses are mine)
The government is, in this case advocating collective ownership of the entire satellite radio industry. By one corporation. By allowing them to do this, it is a form of socialism. If there was real competition in the marketplace, one or both would either sink or swim, without the need for the government to okay their monopoly.
And don't give me that stuff about it not being a monopoly. It is a monopoly of satellite radio broadcasting.
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"Understanding is a three-edged sword." | |
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Chiadi
@rr.com | More like it. You forgot Clear Channel too.
James1 - 100% Correct.
Mr. Matt - Clueless. | |
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