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To: MeanWestTexan

I gues you have never gotten rich by investing as I have.
Every buck I made was by FIRST LAYING DOWN MY HARD EARNED MONEY to invest.

You see there are two types of spending. One is buying depreciating assets, the other is buying potentially appreciating assets.

If a business such as the auto business the $20 Billion Romney is talking about is NOT GIVE AWAY CHECKS TO LAID OFF workers. It is the 2nd type of spending also known as investing for future profits. The auto industry will benefit from new research in many areas such as alternate sources of power, increasing fuel efficiency etc.

But unless you have made money by investing, you may never grasp the concept.


19 posted on 01/21/2008 2:16:59 PM PST by ajay_kumar (United we win, divided democrats win. How difficult is that to understand?)
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To: ajay_kumar

What you described — a bail out of failing businesses — is ananthema to conservative principles. Certainly when the problem can be solved simply by moving the plants to right-to-work states.

Toyota is doing fine — in San Antonio.

(Oh, and BTW, I got rich by buying companies with other people’s money and investing in oil when it was $8/bbl. And I didn’t need a government hand out to do it.)


24 posted on 01/21/2008 2:30:23 PM PST by MeanWestTexan (Kol Hakavod Fred Thompson)
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