Friday, December 12, 2008

Ron Paul To Congress



9 comments:

Douglas Porter said...

Therein lies the problem with the right wing term "bailout". They are not "bailouts". They are loans. If loans are paid back, then there is no nationalization. Ron Paul is wrong.

Josh said...

If its not a nationalization, why have a Car Czar?

Douglas Porter said...

Like any loaning institution, there is representive who administers the terms of the loan. There is no difference. You might as well call every bank CEO a LITTLE LOAN CZAR.

Josh said...

The terms the loans amount to allowing the government to tell the auto industry how they should conduct their business and puts the Car Czar in charge of enforcement.

Even if the American auto companies get propped up, they will be back to the trough in 6 months for more money and this will continue on and on...

Douglas Porter said...

"The terms the loans amount to allowing the government to tell the auto industry how they should conduct their business and puts the Car Czar in charge of enforcement.

Even if the American auto companies get propped up, they will be back to the trough in 6 months for more money and this will continue on and on..."

I see no reason to believe that. Chrysler was not "back at the trough" in six months. You are making a conclusion based on propaganada, not logic.

Josh said...

I'll bet $1

Douglas Porter said...

GM or Chrysler?

Josh said...

GM

Douglas Porter said...

It'll have to be an amazing plan for them not to be back in six months.