Showing posts with label Chrysler bailout. Show all posts
Showing posts with label Chrysler bailout. Show all posts

Monday, June 29, 2009

Vested Interests

The bailouts at Chrysler and General Motors remind me of the classic vested interests case, the Charles Bridge Case. In the early 1800's, a group of investors chose to build a toll bridge to replace a ferry in Boston. The local government then made this investment useless by building a free bridge over the same river. The employees and stockholders in Ford Motors are about to be screwed in the exact same way. Their investment is about to be damaged or lost due to Oh Blah Blah's choice to subsidize the production of "eco-friendly" cars. These cars will compete with Ford products, and Chrysler and General Motors will be relieved of the pressure to do what all companies in a capitalist system are expected to do- - make a profit.

Sunday, May 10, 2009

Lockean Liberalism vs. The Political Commercial Complex

As shown in the Declaration of Rights, the idea that we are the masters of our own fate led to the belief that citizens have the right to arms for the defense of their own lives. Not only do advocates of entangling politics and commerce not support the Second Amendment, they now apparently believe that patriotism means sacrificing not for Mother, Country, and God, but for Chrysler. Obama solomnly declares private businessmen should accept 39 cents on the dollar because "we all have to make sacrifices." Funny, I do not see the UAW making sacrifices- - they are making out like bandits. The Oh Blah Blah way is making everyone but his political supporters suffer.

Is it any wonder that our masters will not trust us with guns when they assume the private investor should suffer for the good of Chrysler and the UAW?