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


To: Alighieri who wrote (482614)5/21/2009 6:02:04 PM
From: TimF2 Recommendations  Read Replies (1) | Respond to of 1575883
 
Greater government control of the economy ? How? Give us an example?

All the bailouts and subsidies. Calls for increased regulation. Deciding the warranty and advertising policies of GM and Chrysler. Deciding that the unions, despite being junior creditors, will take less of a haircut than the senior creditors in the Chrysler bankruptcy, and then leaning on the creditors that received government money to go along with this plan. The push for alternate energy. Pushing out the leaders of various corporations. Calls for increased government involvement in medical care and insurance. Increasingly tight emissions and mileage standards.



To: Alighieri who wrote (482614)5/21/2009 10:48:14 PM
From: Joe NYC  Read Replies (1) | Respond to of 1575883
 
Al,

Greater government control of the economy ? How? Give us an example?

TARP has most banks handcuffed. Auto industry is the next step, health care after that. Following that: energy.

And that is just direct government control. That does not account for willing to and doing government bidding without direct control, voluntarily. Is GE following the pattern of German companies during Third Reich?

Joe