That's what Obama does best, destroy American capitalism.
Well, since the recent disaster of Titanic (in 1997, I think, the horrible thing with the horrible song happened), additional regulation may be required and will be popular among viewers.
Who outside of conservative websites will ever see this? Or care? After all, he didn’t build that.
Sorry, SHE didn’t build that...
Before knees jerk too hard, it should be noted that this company wants GOVERNMENT loan guarantees. Nobody’s stopping them from finding financing on their own.
I dunno. Maybe the stopped clock is right this once. Why should the US government guarantee loans for a privately owned cruise-ship? It isn’t really private financing if the government guarantees it. How is this different from Solyndra or Fannie Mae?
” - - - Stephanie Gallagher, the president of World City America Inc., is lending her voice to the fray after the Obama administration reportedly moved to prevent American cruise liners from being eligible - - - “
Uh-oh! Women are starting to challenge Obama - - - . Better call in Women’s Expert Fluke!
Obama must believe that, since slaves were brought to America on a ship, the shipping industry must surely have racist roots and must be punished.
The question I always ask myself when reading these types of stories is how many of these people who are now “seeing the light” voted for the kenyan the first time around?
Dunno- she’s saying federally guaranteed loans for shipbuilding aren’t available for cruise ships.
I’m not a big fan of federally underwritten loans, but I could see their place in a wartime scenario getting merchant vessels funded as germane to the national security interest. This case, not so much.
If it’s a great investment of no strategic value let the marketplace fund it.
I have cruised 2 dozen times and I appreciate the regulation which requires the ship to carry enough life boats for ALL passengers & crew. I also like that they are required to hold a emergency drill on 1st day of voyage. I think the recent mishap near Italian coast had neglected to hold the drill. That ship’s captain also took an unauthorized route to wave hello to somebody on the Italian coast.
But why on earth is our government getting involved in loans & subsidies to corporations? Government bureaucrats are some of the most inept people in regards to real world markets.
Sounds like Obama doesn’t want any cruise ships spoiling his view if’n he gits to move to Hawaii.
"Now, now, Stephanie Gallagher... I told you to think with your lady parts, remember?"