You can not extort wealth from the productive bit, to fund a gross engorgement of the unproductive bit.
Article from Mises
http://mises.org/story/3360
Another interesting and GREAT visualization of how "great" the bailouts worked.
http://www.youtube.com/watch?v=8mZcpTpTd90
If during the depression it prolonged it.
DarkMonkArt 1 year ago
@InTheEndIWasRight I cant remember.
carnypimp 1 year ago
@theabomation Under what amendment? Jeffersons notes and spaeachs are not part of the constitution. If you are reffereng to the Tyrant government BS! It is the big governments job to take over when the states can't do theres. If neccessary for the sake of the economy it is legal for big government to buy buisness!
carnypimp 1 year ago
@theabomation Most of the head office jobs are still in the US makes up quite a few jobs plus the fact that GM and Ford are companies traded on the stock exchange and are worth quite a bit to the people who have shares e.g. as a pension pot. If GM went bust then they would lose that money.
wanderers16 1 year ago
@carnypimp And why is that?
InTheEndIWasRight 1 year ago
I am not a Republican or Democrat they are both incompetent in my eyes I believe in follow the Constitution and Bailouts are illegal under the constitution. You should check your facts Bailouts have never work though out history and Big Company's fail all the time. @carnypimp
theabomation 1 year ago
@FreeDayton Dayton has went to hell because the hole city is nothing but black people and places of buisness cant stand hiring that many. I don't feel that way that is the way it is and that causes more crime. That is why I moved the fuck out of Dayton and now live in Indiana!
carnypimp 1 year ago
@theabomation Yeah and that is spoken like a true Republican and that is why the Gop will go extent! Go cry some more. Those of us that are struggling are what makes up most of america and we will never let another GOP Rep back in as president nor controll congress again.
carnypimp 1 year ago
True i know about GM high labor costs but why would they promise something they knew might drive under? and before GM fail they shipped most of there jobs to Mexico so again why should we care if the fail?@wanderers16
theabomation 1 year ago
@theabomation Actually the reason why the big three need the governments help is because they are pretty expensive to make due to labour costs as the US and western europe have high living costs.
What would you rather have? people unemployed taking up resources in unemployment benefits miserable or happy in a good job?
wanderers16 1 year ago