Posted on 11/17/2008 8:43:24 AM PST by jessduntno
Does a bear poop in the woods?
Here is my last letter to the editor I sent to about 30 papers and talk shows.
Increasing AIG largesse from $85 billion to $150 billion provides evidence the bailout produces deception without solution. Terms enabling lending or investing, allows management, labor, and government leaders to fabricate temporary shelters from market forces and voters revealing their ineptitude. Elections for 535 patricians returned most to Washington, when nearly all were decayed and wretched. One patrician even became president, though severely infected by gifts and influence from those precipitating the mortgage crisis. Now car companies and states also queue up for bailouts.
Government institutions nationalizing private sector firms feed addictions to power equivalent to individual addictions to chemicals or pornography. Individuals exchange personal freedom for perception of material security, but only postpone the looming reckoning.
Proper government involvement means the Federal Reserve, in concert with Treasury and Justice, applies persuasion to private sector firms. Brutal persuasion, just short of torture as condemned by Geneva Conventions, enables private companies to discover programs for market clearing asset prices. They also form new companies absent flagging management and labor attributes.
Whatever financial cost the country must pay now to adhere to principle pales before the later cost incurred, if markets are forced to merely postpone consequences. True solutions reaffirm the inevitability of market forces countermanding human laws, and incorporating risk within all economic activities.
Our Constitution says this country will promote the general welfare. It did not say the Treasury Secretary would ensure protection of home values, college funds, retirement accounts, life savings, homeownership, corporate wealth, political careers, and union benefits.
The market reacts to the future, and the future does not look good. Obama's capital gains tax increases will only exacerbate the situation, and the market's investors are trying to find out where "stable" is right now. So it is an Obama market as well as a Bush market, even more so when you consider that Obama has been a sitting US senator who theoretically could have been offering solutions the past 4 years.
Does a bear poop in the woods?
Not my Senator John Cornyn (TX-R). He's fighting the GM bailout!
is the 25 billion they want a loan or a bailout with no repayment..??...i seem to remember years ago the gov’t loaned chrysler enough money to fix their problems and iococa paid all the money back to the gov’t....did not the same happend with trump..??...why does everyone want a bailout for their mismanagement of money and greed...??..loan it to them and make them pay it back with interest like anyone else would have to do....
Obama wants to give a sub-prime loan to GM.
Repeat this to everyone you know.
gubmint handouts = UAW sustainability
For gubmint supported salaries of $80 an hour and above, can we at least see the nonworking UAW folks with nonjobs sweeping streets and picking up trash in public parks?
Yet another vanity to nowhere. This place is becoming tiresome.
First big decision? He has none to make yet not having been sworn in as President.
” I wonder how somebody so smart can be be so stupid. FREEPERS are of greater intelligences but they don’t know that it is still Bush’s stock market? Sad!!!!”
Riggggghhhhhhht. The market looks back, not forward. Good grief...
Well *sometimes* bears poop on the grassy knoll right outside of the woods. And sometimes even the blind squirrels find nuts.
I wonder what Preston Tucker would say if he were alive today. (aside from “Let me out of this box, I can’t breathe!”)
Norma Coleman has already got his skirt flying up in his face. He said today he’d probably go along with a bailout if their “business model “ were refined and concessions were made to the union.
Isn’t that what got them in the mess they’re in in the 1st place?!
“this “bridge into the 21st century” is made up of the carcasses of our children, their hopes and dreams priced out of reach by OUR foolhardiness, their statuses little more them mere slaves to the government’s thunderous appetites.”
I wonder how many of the youth who put Obama into office will be feeling about their votes 40 or 50 years from now. I fear that the bridge Obama has in mind is keeping the auto companies afloat until he has enacted a national health plan that effectively transfers a sizable portion of employee and retiree health benefits onto the backs of taxpayers. Unlike most large businesses, which have tended to oppose or be neutral towards national health insurance, the auto companies and UAW have been championing NHI since
the 1960’s. Why do you think they keep sending John Dingell back to Congress?
Are you really so stupid as to believe that the Clintons and their crew actually fixed the recession when the first thing he did was raise taxes through the roof? The republican congress of 1994 fixed the economic situation and kept it under control for the next two terms of the sex offender Clinton. Get real.
“When was the inauguration?”
You mean whe was the coronation?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.