John Stossel's 'Bailout and Bull'

Discussion in 'Media' started by Zoom-boing, Mar 14, 2009.

  1. Zoom-boing
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    Zoom-boing Gold Member

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    This was on last night. I only saw the first two parts. Interesting on the leasing the highway part . . . they wanted to do that here in PA but I never heard it as a private company wanting to take the lease, I heard it as a foreign country. Rumors perhaps but leasing to a private U.S. company is very different from leasing to a foreign company/country. As far as I know the idea is dead but after seeing this report, maybe Rendell wasn't so off in this idea.

    ABC News: Watch '20/20' Friday Nights at 10 p.m.
     
  2. PoliticalChic
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    PoliticalChic Diamond Member

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    I thought that the final segment was the best. He interviewed Barbara Ehrenreich, whose "Nickel and Dimed: On (Not) Getting By in America," attempts to show that the poor remain poor, and the middle-class cannot make it in America, and then interviews Adam Shepard, who wrote "Scratch Beginnings," who actually lived the life that Ehrenreich outlined, and showed that she had set out to fail.

    It seems the Ehrenreich book is required reading in many schools. It remains to be seen if the elitists will make the Shepard book required.

    Shepard picked a city (Charleston, SC) out of a hat, and went there with $25. He told no one about his college degree, started out in a homeless shelter, where he resided for about two months. He got a job at a moving company, for $8/hour, and within a year he had $5500 in the bank, a furnished apartment, and a car. "Life is pretty great," he said.

    Stossel went on to interview numerous middle-class people and Arthur Brooks, of American Enterprise Institute, formerly of Syracuse University, who stated that "middle-class people live like rich peope did in the '50's."

    The best was an Hispanic immigrant who started out poor, works for Valero refineries, and has a house, $50,000 worth of sand buggies for himself and his family (three kids) and spends $1000 every time he takes them out to the dunes.

    Brings to mind the old saying that if you finish high school, hold a job for at least a year, and wait until you marry to have children, you can make it in America.

    The segment put a stake through the heart of frauds like Ehrenreich, and the left-wing elitists who love to put down opportunity in America.

    I hope you get to see the rest of the show.
     
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  3. Dorkazoid_Jones
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    Dorkazoid_Jones Active Member

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    "The segment put a stake through the heart of frauds like Ehrenreich, and the left-wing elitists who love to put down opportunity in America."

    Political Chic, I couldn't agree more. These folks who are victimmongering like Ehrenreich should never be published. They manufacture victims on every corner and then if you disagree with them it's because you're an INSENSITIVE BASTARD or chick or something like that.
     
  4. PoliticalChic
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    PoliticalChic Diamond Member

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    Well, I'm for publishing, or even self-publishing everything.

    What gets my goat is the left-wing acacemics force students to read and regurgitate the "America no-good," crap.

    Interesting reviews for the Shepard book on Amazon.
     
  5. PubliusInfinitum
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    PubliusInfinitum BANNED

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    "Well said" to everyone...

    My favorite part of this that it is VOID of leftists...

    "I wonder why?"

    The thing about freedom is you're FREE TO BECOME WHAT YOU WANT... and you BECOME THAT by DOING IT.

    think of "want" as a door and DOING as the key which opens that door.


    The left likes to pretend that the "WANTING" part is the essential part... and how unfair it is that the door is closed...
     
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  6. Zoom-boing
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    Zoom-boing Gold Member

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    :clap2: :clap2: :clap2:

    In conjunction with this Pub, 'Whether you think that you can, or that you can't, you are usually right' (Henry Ford)
     
  7. johnrocks
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    johnrocks Silver Member

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    Great show, it is on you tube if anyone is interested. I wish Stossel would run for a political office and win.
     
  8. American Horse
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    American Horse AKA "Mustang"

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    The Indiana toll road was a perennial revenue loser with annual costs to the state exceeding tolls. Now the state has 3.8 billion to spend on infrastructure and other improvements separated from the leased toll road, to upgrade the state’s other roads and transportation infrastructure. As part of the agreement the investors/lessees have to upgrade the highway for it’s future use for their toll activities and maintain it during the period of the lease.

    Our Mitch Daniels is the same governor who was 'lampooned’ on the Daly Show as the "Idiot Indiana Governor who wanted to sell the Indiana Toll road to Spain.” The distortion presented by that "comedy show” (which is a highly rated news source for many) was that the toll road would be sold when actually it was to be leased for 75 years for 3.8 billion, which is a whole lot of money for a state like Indiana with only 92 counties with their individual transportation improvements needing to be financed.

    Indiana's toll road was leased to a private Spanish-Australian consortium: Macquarie-Cintra.

    Pennsylvania's like Indiana's toll road has huge logistical value because it carries traffic through the main East/West transportation artery across the US which goes thru Chicago and nearest to the Canadian border.
     
    Last edited: Mar 14, 2009
  9. Zoom-boing
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    Zoom-boing Gold Member

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    Thanks for this info, AH.
     
  10. Yukon
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    Yukon BANNED

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    I watched it and it was great. Just shows how many crooks are running around your country. I was shocked.
     

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