Friday, December 12, 2008
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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
9 comments:
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.
If its not a nationalization, why have a Car Czar?
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.
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...
"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.
I'll bet $1
GM or Chrysler?
GM
It'll have to be an amazing plan for them not to be back in six months.
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