Jim W.
And just when and how did the "UAW get access to the United States
treasury"?
Why would common shares of GM stock NOT "take a back seat" to the
Govt. of the United States and 330 million American citizens? While
you're at it do explain what you mean by "take a back seat to".
Are you suggestting that the interests of one multi-national corp. is
more important than the interests of the govt. of this country and the
interests of 330 million U.S. citizens?
On Dec 8, 7:47 pm, Jim Willis <[EMAIL PROTECTED]>
wrote:
> The economy has gotten so bad, that even prostitutes are instituting a
> buy one get one free policy and getting in line for a government
> bailout. Come to think of it; the executives of the big three auto
> companies have a lot in common with these working girls. They’ll do
> any for money too. At least the working girls are providing a service
> in demand.
> Now the states ‘hat in hand ’are joining the bailout line along with
> the RICHIE Richs’s of wall street, Tom, Dick and Harry, Insurance
> companies, credit card lenders, media outlets , Fannie, Freddie and
> Fonzie, major banks, and coming to a theater near you, drug dealers
> from the hood.
>
> Look; here’s what you need to know………
> This alphabet bailout has as much chance of working as Senator Robert
> Byrd has of has of forming a coherent thought, Not Bloody Likely!
> Ignoring the equal protection clause our Federal government has taken
> upon itself the ordained responsibility of picking winners and losers.
> Those taxpayers working in factories owned by Nissan, Toyota, Honda
> and Kia located within our borders will be “through forced
> benevolence” counted upon to support the very companies they are
> competing against. Think of it this way; you make DVD’s for a living
> and are forced to your subsidize your neighbor who produces VHS tapes
> and buys houses he can ill afford. After all; just add Mom, apple pie
> and Chevrolet; Then Ford, Chrysler and Citibank. It’s like Threes
> Company without Mr. Roper. All punch lines with no straight man or
> straight talk
>
> “The Senate banking”, committee; along with the era of central
> planning” “socialist cabal, I.E. Ben Bernake, Henry Paulson ET. Al.”
> has taken upon them the mantle of but plug to the American economy,
> when what needed be is a fire hydrant enema of biblical proportions.
> The only arbitrator of success should be the market. {Emphasis Mine}
> Capitalism is simply the Freedom to engage in commerce.
>
> Provided autonomy; markets work, capital seeks profit, production,
> equity and competence is rewarded. Conversely; Incompetence,
> government influence and irresponsible leverage is punished.
> The business model of capitalism, “left to its own devices” cannot be
> improved upon or tweaked by government. Capitalism doesn’t pick
> winners or losers; it simply defines success and failure by rewarding
> one and punishing the other.
>
> Enter GSE’s or “government sponsored entities”, also known as,
> “destructive economics”. This phenomenon began with Fannie and Freddie
> and has spread like a virus into our banking system, corporate America
> and soon to the big three. Ostensibly, GSE’s cannot fail as they are
> backed by the full faith and fortune of the government, our tax
> dollars. Taking failure off the table removes accountability and
> adulterates capitalism into socialism. Capitalism distributes wealth
> unequally; Socialism distributes poverty equally.
>
> The government’s rationale for dog-piling itself into every nook and
> cranny of our economy is the dark and barren financial predictions of
> doom and gloom, the end of time. Obama claims to create two million
> jobs with his autocratic benevolence.
>
> Back to destructive economics; I can create jobs in my home town by
> breaking every plate glass, storefront window in the downtown area.
> Glaziers would hire more employees, glass suppliers would boom and
> window installers would be taking whole hogs home instead of just the
> bacon. But, I have created those jobs by taking money out of pocket,
> “A” just to put it in pocket, “B”; destructive economics. This is
> government job creation in a nutshell.
> It’s too dangerous a time in the yet un-written history of America for
> our benefactors in Washington to be fiddling while Main Street burns.
> Our economy is in deflation, a much more serious financial ill than
> its evil symbiotic twin; inflation. Deflations result in depressions;
> inflation is part and parcel to recessions. Deflation is simply too
> many goods and services chasing too few dollars. Inflation is too many
> dollars chasing too few goods and services. It’s fairly simple and
> doesn’t require a degree in higher math.
>
> Here comes Uncle Sam, at a time when government should be seen and not
> heard. Treasury is loaning $trillions of dollars to banks who in turn
> are buying other banks and, “you guessed it” buying treasury bills.
> Think of it as the banks putting all of their money under the
> mattress.
>
> What government can do? Frankly, we’d be money ahead just to pay
> congress to go on vacation for a couple of years. Anything they do,
> “short of nothing” will only exacerbate current financial woes and
> insure America suffers the great depression two.
>
> As government jumps into our markets with both feet and takes warrants
> in our financial and industrial markets they reinforce investor’s
> fears. Literally $6 trillion dollars of investment equity remains
> sidelined in fear of competing with Uncle Sam and his striped, deep
> pockets.
> For instance; will Toyota, Nissan, Honda, Kia, et al. continue to
> transplant factories into this country, knowing the united auto
> workers have access to the treasury of the United States?
>
> Conversely; what investor would employ capital into General Motors
> knowing full well that common stock in GM® now takes a back seat to
> the federal government and 330 million Americans?
>
> Though it isn’t represented in the text of our constitution, we are
> incessantly beat over the head with the liberal mantra, “separation of
> church and state”. For our union to survive I would postulate this;
> what we should abide is a separation of capitalism and government.
> Conservative Springfield 09 DEC 08
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