Monday, January 16, 2012

When commenting turns into posting

.

Last week, our blog buddy Harrison wondered why some companies were deemed worthy of a bailout, like Chrysler and General Motors, and why others like Kodak were not.

With specific respect to the domestic auto bailout, we left the following comment (somewhat edited):



The bailout and take-over of GM and Chrysler made zero free-market sense.

Fear-mongering by the Regime led people to believe that both auto makers would simply close up shop if not for government intervention which was simply not true.

An orderly court-supervised bankruptcy would have allowed GM and Chrysler to continue to operate while they got their respective houses in order. It wasn’t like people were not going to buy their cars while they were in bankruptcy. GM and Chrysler could've continued to produce cars while receiving a measure of protection from their creditors. That’s how bankruptcies work (How many people realize that the L.A. Times filed for bankruptcy a couple of years back? Last we checked, their product is still on the news stand every day).

The Regime made a cynical political decision to ride in to “rescue” GM and Chrysler to further their statist agenda, shore up union support and push not-market-ready green technology. How has that all been working out?

As you and we, Harrison, have both been reporting out on, we’ll be lucky if the final tab to the American tax-payers is merely in the tens of billions of dollars.

Claiming the bailout and take-overs of GM and Chrysler as some sort of success story is patently absurd.

.

1 comment:

Anonymous said...

The Secret To Success For Louis Vittoun [url=http://cheaplvhandbagsonline.webs.com/]Louis Vuitton Online[/url] Basic fundamentals of Louis Vittoun you could potentially profit by starting today. [url=http://cheaplouisvuittonpurses.tripod.com/]Cheap Louis Vuitton Purses[/url] To People Who Want To learn Louis Vittoun But Simply cannot Get Going [url=http://louisvuitton-neverfull.weebly.com/]Louis Vuitton Damier Ebene Neverfull MM[/url] For what reason no one is debating Louis Vittoun and as an outcome things you should begin doing right now. [url=http://lvbagforsale1.blogspot.com/]Louis Vuitton Neverfull Tote Bags[/url] Those things that all others engages in regarding Louis Vittoun and the thing that youought to do totally different. [url=http://louisvuitton-monograms.blogspot.com/]Louis Vuitton Outlet[/url] Uncommon piece of content supplies you with the facts over Louis Vittoun that experts claim a few consumers are conscious of. [url=http://buycheapbag.webs.com/]Louis Vuitton Outlet[/url] Something that All people Keep Asking Regarding Louis Vittoun [url=http://needshopping.tripod.com/]Louis Vuitton Outlet[/url] The Laid back Male's Tactic To The Louis Vittoun Profits [url=http://bagshipping.tripod.com/]Cheap Louis Vuitton[/url] Unbiased brief article unveils 4 new stuff concerning Louis Vittoun that nobody is covering. [url=http://lvbagsfreeshipping.webs.com/]Cheap Louis Vittoun Bags[/url] Tips about how to understand every thing there is to find out concerning Louis Vittoun in 2 quick steps.