Welcome the the Socialist STATES of AMERICA

[Kevin_Kennedy]

Liberty is the only answer.

Libertarian Party | Smaller Government | Lower Taxes | More Freedom

 

[Red Dawn]

Yes, God forbid a company be successful.

If they get so big, they we "can't" allow them to fail, without causing economic devastation, yes then they are too big.

 

[Navy1960]

Comrade, if we're going to be socialist no matter what, I'd rather spend money on universal healthcare and subsidized day care. Not on fat cat wall street tycoons.

Bernie Sanders had a good point. He said if Companies are too big to be allowed to fail, then they're too big to be allowed to exist. I think its a good idea to revisit anti-trust laws, and cut up some of these mega corporations into smaller pieces.

Don't get me wrong here, the basic tennants of business in this country have been thrown out the window. So what I am saying is this, if the govt. is spending money on a "failed" business, then from a logic standpoint it makes no sense to justify not spending it on the same people your borrowing it from. However, when a business is successful and gets so large to the point that it effects a nations economy then the part where it effects the nations economy is the fault of those whos job it is to regulate commerce i.e. the people you and I elect to do it. If a company fails then they should fail, period no matter how painful that may be. IMO why even have bankruptcy laws if your going backstop every business. When a faling business is allowed to fail that creates a void for others to come into to fill. That seems to be a concept many have forgotten.

 

[Red Dawn]

Don't get me wrong here, the basic tennants of business in this country have been thrown out the window. So what I am saying is this, if the govt. is spending money on a "failed" business, then from a logic standpoint it makes no sense to justify not spending it on the same people your borrowing it from. However, when a business is successful and gets so large to the point that it effects a nations economy then the part where it effects the nations economy is the fault of those whos job it is to regulate commerce i.e. the people you and I elect to do it. If a company fails then they should fail, period no matter how painful that may be. IMO why even have bankruptcy laws if your going backstop every business. When a faling business is allowed to fail that creates a void for others to come into to fill. That seems to be a concept many have forgotten.

Its far easier, and less painful to just have better anti-trust laws, that won't allow companies to be so big that we can't allow them to fail, without causing widespread panic and economic pain.

That's the boom and bust cycle we spend 130 years trying to dig out of.

 

[Navy1960]

Its far easier, and less painful to just have better anti-trust laws, that won't allow companies to be so big that we can't allow them to fail, without causing widespread panic and economic pain.

That's the boom and bust cycle we spend 130 years trying to dig out of.

It seems to me Red, that congress has spent less time in the commerce regulating department and yes anit-trust laws are part of that and more time "finger pointing" to gain some political advantage at the expense of this country.

 

[Jon]

If they get so big, they we "can't" allow them to fail, without causing economic devastation, yes then they are too big.

It wasn't the size of AIG, it was the nature of its business. And, most corporations aren't as irresponsible as AIG was. I wouldn't expect Wal-Mart to lend people making $60,000 a year $500,000 to buy a house.

 

[rayboyusmc]

The whole bailout was socialism and more chicken little shit the sky is falling. Pass it or we will all die. Plus, I don't think it will do anything but slow down the crisis.

If we had done nothing, what would the difference be today? What did the market close at today?

Organizational Effectiveness, that's what it was called in the military, and all of Deming and Juran's quality approaches say you have to fix the cause not the symptom. We are still working on the 80% that don't mean squat and ignoring the 20% that if we fixed would really bring about change.

All we did was put a band aid on a bleeding wound that is caused by an internal hemorrhage. Unless we address the causes that lead to this disaster we will just be digging the hole deeper.

 

[Jon]

Navy, I think a more appropriate title for this thread is "Socialist STATE of America." The way socialists like Obama operate, we won't need state borders anymore. They'll pass everything on a national level and make state legislatures obsolete.

 

[N4mddissent]

What do you expect from Obama with radical socialistic economic advisors like Warren Buffet?

 

[WillowTree]

Exactly. They want to subsidize private debt and make it the responsibility of the taxpayers to pay off the mortgages that a group of irresponsible, ignorant buyers took out and were unable to pay back. I want both of these men to fuck off and die if they think it's my responsibility to cover the asses of these ignorant fucks.

 

[WillowTree]

Yes, God forbid a company be successful.

no, this time she is right, if they are too big to fail they should not be allowed to exist. cause that mean our dimes not theirs.

 

[Jon]

no, this time she is right, if they are too big to fail they should not be allowed to exist. cause that mean our dimes not theirs.

But again, the only reason AIG failed was because of irresponsible behavior from inside. Most large corporations aren't that fucking stupid.

 

[WillowTree]

But again, the only reason AIG failed was because of irresponsible behavior from inside. Most large corporations aren't that fucking stupid.

Well, you would think but look at the ones going down


Ge is probably next

 

[Kevin_Kennedy]

Navy, I think a more appropriate title for this thread is "Socialist STATE of America." The way socialists like Obama operate, we won't need state borders anymore. They'll pass everything on a national level and make state legislatures obsolete.

History shows you are 100% correct.

 

[Red Dawn]

But again, the only reason AIG failed was because of irresponsible behavior from inside. Most large corporations aren't that fucking stupid.

WTF are you talking about, and how old are you?

We've been bailing out large corporations since the 1980s, because if they failed, it was deemed that it would be a body blow to the economy. Its a damn shame that anti-trust laws have been so weakened by conservatives, that mega corporations basically can control our government and demand we bail them out.

Fuck that. There's a reason progressives and liberals built anti-trust laws in the early 20th century.

 

[Jon]

Its a damn shame that anti-trust laws have been so weakened by conservatives, that mega corporations basically can control our government and demand we bail them out.

Yeah, and last week, Bush, Pelosi, and the elected idiots in Congress sure proved them wrong!

 

[Gray]

Navy, I think a more appropriate title for this thread is "Socialist STATE of America." The way socialists like Obama operate, we won't need state borders anymore. They'll pass everything on a national level and make state legislatures obsolete.

Until 1913 state legislatures had elected U.S. senators. Ratification of the 17th amendment may have had some small part in the beginning of the end.

 

[WillowTree]

WTF are you talking about, and how old are you?

We've been bailing out large corporations since the 1980s, because if they failed, it was deemed that it would be a body blow to the economy. Its a damn shame that anti-trust laws have been so weakened by conservatives, that mega corporations basically can control our government and demand we bail them out.

Fuck that. There's a reason progressives and liberals built anti-trust laws in the early 20th century.

Bull fucking shit, every time the Republicans tried to intervene and stop this shit Barney Frank, Chris Dodd and a whole host of other money grubbing Democrats including Obamalama blocked them. So, bullfuckingshit.

 

[Gray]

Bull fucking shit, every time the Republicans tried to intervene and stop this shit Barney Frank, Chris Dodd and a whole host of other money grubbing Democrats including Obamalama blocked them. So, bullfuckingshit.

They were getting bribed lot's of money to do so.

 

[Navy1960]

Do you all I see is this, I go back to when Eastern Airlines was a pretty big company and down the tubes they went, along with other notables, like MCI, Pan AM, and others. I didn't see the gov't come in with Billions of dollars for McDonell Douglas or West Point Stevens when MD got bought out by Boeing and West Point Stevens ended up as a hollow shell making textiles in Pakistan. I did see the govt. come to the rescue of Chrysler in the 80's. However, my point is we lived through all those companies going out of busness and IMHO had the market been allowed to correct itself and the govt. just done the job of providing some oversight then perhaps the "socialist" label would not be needed.