GM, Amtrak and an Increasingly Fascist America

Discussion in 'Economy' started by STAND4LIBERTY, Jun 9, 2009.

  1. STAND4LIBERTY
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    STAND4LIBERTY Independent Libertarian

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    Words of Wisdom from the only person in congress that is willing to speak truth to the American People.

    GM, Amtrak and an Increasingly Fascist America
    By Ron Paul
    Published 06/09/09

    Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The government will dump another $30 billion into GM and take a 60 percent controlling interest for it. Public officials are now involving themselves in tactical business decisions such as where GM's headquarters should move and what kind of cars it will build.

    The promise that this is temporary and will eventually be profitable is supposed to ease the American people into accepting this arrangement, but it is of little comfort to those who remember similar promises when the American taxpayers bought Amtrak. After three years, government was supposed to be out of the passenger rail business. 40 years and billions of dollars later, the government is still operating Amtrak at a loss, despite the fact that they have created a monopoly by making it illegal to compete with Amtrak. Imagine what they can now do to what is left of the great American auto industry!

    In a truly free market, GM would get your money one way and one way only -- by selling you a car you want, at a price you are willing to pay. Instead, the government is giving public money to a private company in spite of the market signals it has been sending. Throwing money at GM does not stop it from being an engine of wealth destruction; on the contrary, it simply gives it more wealth to destroy.

    Had it been allowed to fail naturally, the profitable pieces of GM would have been bought up and put to good use by now. The laid off employees would likely have found new jobs and all that capital would be in private hands, reinvested in companies that produce products demanded by consumers. Instead, we are all poorer now.

    The Full Article can be found HERE
     
  2. jillian
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    jillian Princess Supporting Member

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    ron paul's a nutter....
     
  3. sealybobo
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    sealybobo Diamond Member

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    For all you retards that think we are headed towards socialism. Only 2/10th of 1% of business is in governments hands. NOTHING!
     
  4. sealybobo
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    sealybobo Diamond Member

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    The southern states shouldn't have given Honda & Toyota so much federal $ then. Toyota and Honda shoudl have paid for their own set up and training and plants, instead of having us subsodize them.
     
  5. wvulax
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    wvulax Member

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    He is right though Amtrak is the biggest waste of money. We need bullet trains. If trains could travel as fast as planes people would use it again.
     
  6. STAND4LIBERTY
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    STAND4LIBERTY Independent Libertarian

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    LOL, why because he believes in individual liberty, the constitution, sound money, voluntary association, non violence and fiscal responsibility?

    I see your time in the statist indoctrination camps wasn't wasted.... :lol:
     
  7. neurosport
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    neurosport BANNED

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    you're a stupid bitch.
     
  8. sealybobo
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    sealybobo Diamond Member

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    Libertarians have a couple good ideas, but basically, they are nothing more than a branch of the GOP.

    And Ron Paul is a nut, just like all right wingers. But he's a right wing nut who's willing to admit that the bankers are the problem. The GOP wants you to think the problem is all government. Specifically liberal government.

    Well Ron Paul is the only right winger that is willing to admit the bankers are the core problem.

    So you like Ron Paul? You would trust him to run/control the Federal Reserve?

    But I thought all politicians are corrupt and bad? I thought you'd rather trust the Federal Reserve in private hands?

    You're confusing me. Are you admitting the bankers own/run/control this country and we need to nationalize the Federal Reserve?
     
  9. sealybobo
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    sealybobo Diamond Member

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    Who doesn't believe in these things?

    Are you sure Ron Paul lives in the real world though?

    And why didn't he leave the GOP if he believes in these things?
     
  10. neurosport
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    neurosport BANNED

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    and join what ?
     

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