| Socialists Have Turned To Capitalism, The USA | | | | Fat cats can only get rich when there are |
| Government Should Take Note. | | | | governments providing subsidies to industries at the |
| General Motors, Ford and Chrysler are all facing | | | | expense of the worker. If the fat cats are paid for |
| possible bankruptcy. The Big Three are looking like | | | | what they actually do, then only the cream or the |
| they are not so big after all, well, that is, if you | | | | crop will rise to the top. While there is a need for |
| consider their ability to dominate the market. Instead | | | | government regulation, too much government |
| of doing what Toyota and Honda have done, the | | | | regulation makes it easier for lawyers to manipulate |
| management of the Big Three have gotten too big | | | | the system. When things are simple, then it is easy |
| for their boots and are now walking on a hot tin | | | | to see what is going on, and whether people are |
| roof; only $50 billion can cool it down. | | | | fiddling the books or skimming the cash. |
| 7 (Bloomberg) -- General Motors Corp, Ford Motor | | | | When the three stooges arrived to apply for their |
| Company. and Chrysler LLC, strapped for cash as | | | | government bailouts of GM, FORD and Chrysler, they |
| sales plunge, are seeking $50 billion in federal loans to | | | | were asked whether they came in their private jets. |
| help them weather the worst auto market in 25 | | | | Each on acknowledged that they did come in their |
| years, a person familiar with the matter said. | | | | private company jets. They were then asked |
| The package would be $25 billion for health-care | | | | whether they would be going back on a much |
| spending and $25 billion for general liquidity that could | | | | cheaper commercial flight. Not one of them seemed |
| be delivered in different ways, including short-term | | | | to think that was an excellent cost saving measure, |
| borrowing from the Federal Reserve, said the person, | | | | even though the three fat cats were begging for |
| who asked not to be identified because the plan isn't | | | | $50 million dollars to be given them. |
| public. In return, the companies would be willing to | | | | When the now deceased J.Paul Getty was |
| take steps such as granting stock warrants, the | | | | entertaining the idea of becoming a socialist in the |
| person said. | | | | 1930s, he travelled to Russia to see how beneficial |
| The saddest part about all these bailouts is they tend | | | | socialism (i.e. communism) was to the people of the |
| to prolong the pain. Soft landings do not really work | | | | Union of Soviet Socialist Republics. To Getty's dismay |
| except for politicians. | | | | he saw the worker standing in long lines with food |
| A lesson could be learnt from what happened to | | | | vouchers to buy a few products in what were largely |
| British Leyland that once manufactured a range of | | | | empty supermarkets, while the ruling class wined and |
| popular cars including the Mini, the Landrover and the | | | | dined and had every luxury in abundance at their |
| MG sports car. The company no longer exists but | | | | disposal. Since this is what happens when |
| was once bailed out with billions from the British | | | | governments start calling the tune, Getty decided to |
| Government. Then there is AMTRAK which is costing | | | | be a capitalist and within in three decades was |
| the US tax payer around $1.5 billion in subsidies a | | | | employing 12,000 people. Before Getty died, he set |
| year. | | | | up the J. Paul Getty museum with the intention that |
| Government led bailouts do not really help the | | | | it would be free to the public and their would be no |
| majority of the population. Communism is not taking | | | | drain on the public purse because the government |
| on capitalism because it was a success. Communists | | | | treasury would never have to bail it out because of |
| are embracing private capital because it produces | | | | financial mismanagement. |
| better results in producing wealth. It is no surprise the | | | | So where is the USA heading? Is it heading towards |
| wealth of the West is heading East. It has been | | | | a financial collapse and socialism by default? Or will |
| being passed from the West to the East since Japan | | | | Barack Obama be like J.Paul Getty and change the |
| invaded, followed by Taiwan, Malaysia, Korea, | | | | course of USA, so that it is able to establish its |
| Indonesia and now India and, more particularly, China. | | | | ascendancy in the global markets? |