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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (420021)	9/25/2008 7:18:14 PM
From: TimF	Read Replies (1) \| Respond to of 1572729

It is hard for me -- having driven many times past the airport in Hope, AR, where sit 10,000 trailers FEMA purchased in a panic -- to have much confidence in the government administering this program. "There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you're doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I'm not so careful about the content of the present, but I'm very careful about the cost. Then, I can spend somebody else's money on myself. And if I spend somebody else's money on myself, then I'm sure going to have a good lunch! Finally, I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government. And that's close to 40% of our national income." -- Milton Friedman ---- The other concern is "Nothing is so permanent as a temporary government program." - Milton Friedman Its not like we are likely to spend $700bil on bailouts and then simply just stop. If we go down this path it will be bailout after bailout. And with business leaders who would like bailouts egging the process on. "...The businessmen are just the opposite—every businessman is in favor of freedom for everybody else, but when it comes to himself that’s a different question. He’s always the special case. He ought to get special privileges from the government, a tariff, this, that, and the other thing. —Milton Friedman