Here it comes !

SteamWake · 03-24-09, 09:17 AM

I know many of you think Im crazy when I talke about the slow march to socialisim but...

http://www.washingtonpost.com/wp-dyn...302830_pf.html

Let the buisness fail, goverment should stay out of private industry.

AVGWarhawk · 03-24-09, 10:08 AM

I agree that the company should fail but it is being put under the guise of protecting the economy if the company fails. Seems to me perhaps they are over reaching the Constitutional bounds....much like Bush was blamed for.

Rockstar · 03-24-09, 11:50 AM

Yes we all agree the company should fail. So then why don't they fail? Is governemnt chaining these executives and laborers to their desks and saying get to work? Are employees now on government payroll? That to me is a seizure.

Or are these companies welcoming government into their scheme of things? Lets say you are failing and your uncle comes to you says he can loan you the money to stay in business. Of course now in order to protect his investment you have to do certain things his way. What do you do say no thanks we want to fail? Or do you say sure uncle whatever you want just make the deposit to this account and keep going?

I do think business was being pressured into these situations but they always had the option to fail they just CHOOSE to rollover and take the bailout, it's easy money, just sell their souls to uncle to get.

.

SteamWake · 03-24-09, 12:38 PM

Quote:

Originally Posted by Rockstar

Are employees now on government payroll? That to me is a seizure.

Thats the plan.

AVGWarhawk · 03-24-09, 12:52 PM

Back in the day it was called bankruptcy. That is no longer in use. Just have the government give you money. It has become a sad reality.

Platapus · 03-24-09, 06:20 PM

"The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan."

1. I am assuming the article is referring to the Board of Governors of the Federal Reserve Board. (sigh, I remember when journalists actually did research)

2. Of these nine people (SecTreas, POTUS, and BoG) only one of them is elected. Seems like a whole lot of power to be invested in eight non-elected people of which seven of them are in an independent Agency.

3. Am I supposed to think that the FED is interested in the well-being of the citizens instead of the well-being of the banking industry? IMHO the FED is part of the problem, not the solution.

4. SecTreas needs only to consult the POTUS and to receive a recommendation from the FED BoG? Where is the oversight? Is there a requirement that the SecTreas has to follow the consultation of the POTUS/BoG?

In situations like this, I think the words of Lyndon Johnson are worth remembering.

“You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.”

03-24-09, 09:17 AM	#1
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	Here it comes ! I know many of you think Im crazy when I talke about the slow march to socialisim but... http://www.washingtonpost.com/wp-dyn...302830_pf.html Let the buisness fail, goverment should stay out of private industry. __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

03-24-09, 06:20 PM	#6
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,361 Downloads: 63 Uploads: 0	"The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan." 1. I am assuming the article is referring to the Board of Governors of the Federal Reserve Board. (sigh, I remember when journalists actually did research) 2. Of these nine people (SecTreas, POTUS, and BoG) only one of them is elected. Seems like a whole lot of power to be invested in eight non-elected people of which seven of them are in an independent Agency. 3. Am I supposed to think that the FED is interested in the well-being of the citizens instead of the well-being of the banking industry? IMHO the FED is part of the problem, not the solution. 4. SecTreas needs only to consult the POTUS and to receive a recommendation from the FED BoG? Where is the oversight? Is there a requirement that the SecTreas has to follow the consultation of the POTUS/BoG? In situations like this, I think the words of Lyndon Johnson are worth remembering. “You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.” __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

03-24-09, 10:08 AM	#2
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	I agree that the company should fail but it is being put under the guise of protecting the economy if the company fails. Seems to me perhaps they are over reaching the Constitutional bounds....much like Bush was blamed for.

03-24-09, 11:50 AM	#3
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	Yes we all agree the company should fail. So then why don't they fail? Is governemnt chaining these executives and laborers to their desks and saying get to work? Are employees now on government payroll? That to me is a seizure. Or are these companies welcoming government into their scheme of things? Lets say you are failing and your uncle comes to you says he can loan you the money to stay in business. Of course now in order to protect his investment you have to do certain things his way. What do you do say no thanks we want to fail? Or do you say sure uncle whatever you want just make the deposit to this account and keep going? I do think business was being pressured into these situations but they always had the option to fail they just CHOOSE to rollover and take the bailout, it's easy money, just sell their souls to uncle to get. .

03-24-09, 12:52 PM	#5
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	Back in the day it was called bankruptcy. That is no longer in use. Just have the government give you money. It has become a sad reality.