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

To: moshiach
My point was with reference to the comment that legally the bond holders have to get paid first. With Obama that ain't necessarily so.

As to your point, if a law is wrong, change it, don't just ignore it and do whatever the h_ll you feel like. That is my problem with what Obama and the Dems do.

Besides, in the long run, if stuff like this happens, people will just take their dollars elsewhere, which also hurts the company and the economy.

In addition, it may be just dollars to you, but lots of hardworking people had their pensions, 401k’s, etc. invested in stocks and bonds.

I guess those who still have jobs, and are young enough, may be able to adjust, but the others are just SOL. So I feel just as sorry for them as I do for the car workers.

134 posted on 07/13/2011 10:23:50 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
[ Post Reply | Private Reply | To 132 | View Replies ]


To: greeneyes

When you invest money, it is a risk. When you work for a living, you get paid.

When capitalism was at is best, risk takers and hard workers lived in unison. Now risk taking is viewed as “hard work,” I call it a keyboard-economy. It is no wonder why we are now having our bridges built by China.

I honestly don’t disagree with your rule of law point; in a just world. We haven’t been in a just world since the end of the Cold War.

Cold War (looking back) kept us grounded in capitalism.


135 posted on 07/14/2011 1:23:40 AM PDT by moshiach
[ Post Reply | Private Reply | To 134 | 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