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Re: 2012 Presidential Election (free for all edition)
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Originally Posted by saden1
As oppose to what? Letting them go out of business? Giving them 25 billion like Bush did without any strings attached?
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As opposed to letting the UAW be treated as any other creditor in a bankruptcy and not getting $ 23B is taxpayer bailout. BTW that $ 23B is the gov't estimate on the taxpayers' backs after all is said and done. An GM still has higher labor costs than it's competitors.
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As oppose to what? Getting the government out of regulating the internet whose development they bankrolled and was founded on social ownership and cooperative management principles? We should let companies discriminately toll the internet? Are we to pay ISPs for our internet service and for individual websites that are successful at attracting consumers.
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Initial development of internet, yes. Expansion to citizens was done by private investments. You don't find "social ownership and cooperative management" by the Fed disturbing. I'm not up for a China-like internet, thank you.
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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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