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Re: 2012 Presidential Election (free for all edition)
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Originally Posted by saden1
So you want to let the life savings of their employees' vanish and tell them to hit the unemployment line with their hand out asking Uncle Sam for change? Do you have cost benefit analysis on different scenarios? I'm betting it's cheaper to let people keep their retirement money and continue to be employed than paying investors first at the expense of gutting an industry and having people join the unemployment line. Even worse, cut of unemployment all together and have people go hungry.
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no one said their "life savings" would vanish, but the gold-plated, retire at 55 with benefits far above the standard for other auto-workers plan is BS. UAW and the contributions to the retirement fund should have been handled as any other creditor. As it was they received better treatment than SECURED creditors.
Auto Bailout or UAW Bailout? - By James Sherk & Todd Zywicki - The Corner - National Review Online
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What is really disturbing is that you want tax payers to bankroll the creation of the internet, turn it over to private companies, give these companies monopolies and free access to public land to lay down lines and finally allow them to charge them for both packet requests and responses.
...fck that!
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The fed isn't giving the ISPs access to "free gov't land", they have to pay for cable right-of-way. And if there are any special deals they are at the state or local level. The fed isn't paying to lay down lines....unless it's done by some Obama stimulus program.
I'd rather the internet be regulated by the free market rather than gov't bureaucrats. If a local ISP is price gauging, someone will step in to fill the void with a more competitive solution.
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
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