Venkman |
11-14-2008 09:15 PM |
Quote:
Originally Posted by TripletDaddy
(Post 295081)
It is interesting to read the shift on both boards.
A month or two ago, maybe more, lots of people clamoring to simply "let the market work it out."
Now that it is evident that this thing is a cluster-f of epic proportions, people are finally coming around to realizing that which some of us already knew....that there are times when government intervention is absolutely the right thing to do and that bailing out idiots, despite their stupid behavior, is in the best interest of society.
Get your checkbooks out friends. You are now paying for my house, my car, and my gas.
Gasp. socialism!
|
Maybe I'm a hypocrite, because I opposed the wall street bailout but support some sort of auto bailout. I see a difference in that wall street caused the mess and now we're bailing them out? Plus, regardless of how many banks go out of business, we're in no danger of losing our insurance, banking, financial services industries. However, we are losing our manufacturing base and we may lose our auto industry. Huge difference IMO.
However, your point is taken. I generally believe in free markets, but it's not my overriding ideology above all else. What I AM for is an strong independent America full of a free prosperous people. I believe manufacturing and the auto industry are cruicial to maintain our prosperity and freedoms and we're losing it gradually.
Here's where I break with the traditional conservative / Wall Street Journal view. They view America is a market, not a country. Losing your auto industry? Losing your manufacturing? No big deal. Our government has hamstrung industry through high taxes and regulation. Our industry is competing against foreign competition with much lower costs and with governments that support their industries. Yet when our auto industy falters, it's all their fault. Government tax, labor, and trade policy has nothing to do with it. Right.
Yes, I reject the cradle to grave welfare state and the many redistributionist policies. But I do believe that our government has the obligation to give it's industries a level playing field in the global marketplace, and they've done NOTHING in that regard. Should we go the protectionist route? I'm not sure. But protectionism dominated our trade policy until the mid-20th century and it grew this country into the greatest economic power in the world. "Free Trade" has resulted in the loss of our manufacturing base and a loss of real wages in the last 30-40 years. I'm simply no longer willing to buy all of Adam Smith hook line and sinker.
How bout a little economic patriotism? Let's give our auto brethren a little help out of the hole. One we all dug.
|