Scrappage incentives: How those who can't afford to buy a new car "get to" subsidize those who can.
Ford CEO wants $3,500 scrappage incentive for buyers | NowPublic News Coverage
The Empire Has No Clothes
15 hours ago
Thoughts and commentary from a Christian, pro-liberty, free-market, anti-war perspective.
For the first 50 years of the life of this Republic -- when things were pretty peaceful, from all reports -- America didn't even HAVE any police forces as we know them today. When was the Constitution amended, Former Officer Ron? When did they take the old part that says we're to remain "secure in our persons, houses papers, and effects," free from search and seizure unless a warrant is issued "upon probable cause supported by oath or affirmation ..." and add to it your new section that reads "Oh yeah, unless someone calling himself a policeman decides to stop you and issue whatever arbitrary orders and commands he can dream up, at which point you have to 'submit' or else he can shoot you down like a dog"?
I've got my copy of the Constitution and the Bill of Rights in front of me, Officer Ron -- the one every "public servant" swears an oath to "protect and defend," with no weasel words about "protecting officer safety." And I can't find that part.
The distraction on Capitol Hill this week has to do with the jackpot bonuses that executives at AIG recently received. The argument is over a relative drop in the bucket...
The big mistake was appropriating the TARP funds in the first place. A Johnny-come-lately bill of attainder won’t stop the spending epidemic. This whole situation is a perfect demonstration of why “doing nothing” and letting failing companies fail would have been much better than sinking valuable money and resources into them...
Bankruptcies are a net positive for the economy because more productive competitors are rewarded by opportunities to buy up remaining assets at bargain prices to strengthen their operations. In an economy that allows this kind of growth and change, any jobs lost by bankruptcy are soon replaced by new ones as the most efficiently managed businesses gain access to more assets and expand...
AIG, by losing money and maneuvering their operations to the brink of bankruptcy, was telling us that they were inefficient. So what did we do? We forced the taxpayer to assume the losses, and now we are supposed to be shocked that it is not working out. Had AIG gone bankrupt, it would have been impossible to hand out these bonuses. The taxpayer would have been fleeced for $170 billion less last year. Had they gone bankrupt, the world would not have come to an end, it would just continue on with one less engine of wealth destruction.