Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: BobL
And is the point most on FR refuse to admit. The biggest welfare recipients in recent years are banks and companies.

GM should have been allowed to fail. The banks should have been allowed to fail. Just as I am allowed to fail. There is now a system where once you get to a certain level, the Fedgov will protect you from competition and make sure your losses are paid by the tax payers, and your profits are allowed to go private.

This is not a free market system we are living in. Hasn't been for a long, long time.

229 posted on 03/30/2011 8:10:54 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 55 | View Replies ]


To: redgolum
What are the numbers...?

Total Corp. welfare...versus personal welfare?

I do agree...that GM should have been allowed to go BK...but you and I know..that was a pay-off to the unions.

245 posted on 03/30/2011 2:50:44 PM PDT by Osage Orange (I knew what I was feeling, but what was I thinking!)
[ Post Reply | Private Reply | To 229 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson