Posted on 07/13/2009 9:21:09 PM PDT by Starman417
It was just yesterday I posted on the liberal economic policies coming to a head in Montana. Democrats have historically been big on lavishing heavy regulations and taxes on the mining and steel industries, rendering them ineffective as competitors in the world market place. Dems have also enjoyed unmitigated union support, who also played a more than sufficient role in bankrupting two of the big three US auto manufacturers.
Now, with the unrealistic financial demands on industries, combined with risking the taxpayers' cash on the future of GM, the Dems find themselves between a "palladium" and a hard place with their economic policies.
They can opt to protect the US taxpayers investment in GM (aka Government Motors) by continuing to refuse to honor a GM contract with Stillwater to purchase their metals for catalytic converters at (oft times) higher than market prices.
Or they can shop on the free market, purchasing their metals cheaper from Russia or South Africa, and let the US PGM's mining business cascade into the financial hole, and leave thousands of American workers jobless.
Democrat Governor Brian Schweitzer has picked which liberal economic approach he's on... the side of his Montana miners. It is a vote for subsidies.... none of which would have to exist if the government didn't create an environment for the lopsided playing field with their legislation.
The Montana citizens themselves get screwed either way. If they lose their mining jobs, the repercussions echo not only thru the Big Sky State, but potentially rumble all the way to NJ and CA where the metals are refined. But even if their jobs are saved, they... along with the nation's taxpayers... lose because the new government owned GM cannot purchase the metals from foreign nations... not burdened with the US regulations, taxes and union contracts... at a better price.
What was that about chickens and roosting again?
(Excerpt) Read more at floppingaces.net ...
bump for later read
Union versus Union, that should be interesting to watch.
The list, ping
The list, ping
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The list must be pretty long by now.
It's going on to the 25th week now. There are between 8 and 20 (sometimes more) items per day. It really is hard to believe that this administration has behaved so badly. Never have seen anything like this in my lifetime.
And Rattner's replacement fills the "no experience necessary" requirement beautifully. Now the two questions that remain for Bloom are; did he cheat on his taxes? And does he drive a GM or Chrysler automobile?
Thanks for compiling the list. Is there a place to view all the treachery?
I just saw your home page. Thanks
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