Why are republicans doing this?
- Thread starter Mike805
- Start date
No, you already forgot. Maybe you need to make flashcards to help you remember. Tax cuts go to everyone, subsidies go to cronies. I can look for an online study guide if it will help you learn it faster.
The big picture here is do what the govt tells you to do even if that means people borderline poverty have to subsidize silly luxury cars for rich white folks.
"Local" government should fix our potholes, streetlights, keep the streets safe, etc.
At the federal level the government uses the commerce clause to regulate inter-state transportation that is the commerce that is transacted between states. This includes the regulation of the vehicles used for commerce, the products themselves and the actual people engaging in that commerce.
This does not mean the government should be subsidizing political cronies in return for favors or campaign contributions. Mike, you have no out here. Our constitution is very clear about what the government can and cannot do at each level of government.
And btw, I forgot to respond to one of your inaccurate points a while back regarding Europe and innovation. Europe spends a fortune on private companies trying to "help" them innovate and yet our free markets are 100 times more innovative then theirs. Almost every western European nation subsidizes and provides funding to help their companies compete with ours and they lose almost 100 times out of a 100. Our model works, theirs does not.
http://globaleconomicanalysis.blogs...lysis+(Mish's+Global+Economic+Trend+Analysis)
Maybe Mike should move to France. It looks like they are going to throw the kitchen sink at innovation. Good luck with that.
Link is not working, here is the content:
Hollande Asks ECB to Engage in Japanese Style Currency Debasement
French president Francois has had enough of austerity but claims he "cannot do it alone". The Financial Times reports François Hollande goes on âoffensiveâ over stalled EU economy.
François Hollande promised an âoffensiveâ to bring âmore growth and less austerityâ to Europe as he launched a bid to resurrect his presidency.
Mr Hollande said the first priority of his second-year âoffensiveâ was a four-point plan to âget Europe out of its torporâ â concentrating on combating youth unemployment and a strategy of investment. âThe number one objective is changing Europeâs direction to have more growth and less austerity,â he said.
âI cannot do it alone,â he said, adding that the European Central Bank could âput in liquidity, as is happening in Japan, which has allowed a fall in the yen and helped exportsâ.
The president promised a 10-year investment programme in digital, energy, health and infrastructure sectors to regenerate growth, saying that it could in part be financed by the sale of some of Franceâs big state corporate holdings, which have a total market capitalisation of about â¬60bn. But he made clear that any sales would not be at the expense of ceding state control or influence over vital companies.
Economic Illiteracy
Not only is the Hollande in praise of competitive currency debasement which mathematically cannot work if every country does it (not that it can work anyway without long-term consequences), he also wants to sell France government holdings "without ceding state control or influence over vital companies".
Good luck with that. No one in their right mind would want to buy companies under such conditions.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Maybe Mike should move to France. It looks like they are going to throw the kitchen sink at innovation. Good luck with that.
Link is not working, here is the content:
Hollande Asks ECB to Engage in Japanese Style Currency Debasement
French president Francois has had enough of austerity but claims he "cannot do it alone". The Financial Times reports François Hollande goes on âoffensiveâ over stalled EU economy.
François Hollande promised an âoffensiveâ to bring âmore growth and less austerityâ to Europe as he launched a bid to resurrect his presidency.
Mr Hollande said the first priority of his second-year âoffensiveâ was a four-point plan to âget Europe out of its torporâ â concentrating on combating youth unemployment and a strategy of investment. âThe number one objective is changing Europeâs direction to have more growth and less austerity,â he said.
âI cannot do it alone,â he said, adding that the European Central Bank could âput in liquidity, as is happening in Japan, which has allowed a fall in the yen and helped exportsâ.
The president promised a 10-year investment programme in digital, energy, health and infrastructure sectors to regenerate growth, saying that it could in part be financed by the sale of some of Franceâs big state corporate holdings, which have a total market capitalisation of about â¬60bn. But he made clear that any sales would not be at the expense of ceding state control or influence over vital companies.
Economic Illiteracy
Not only is the Hollande in praise of competitive currency debasement which mathematically cannot work if every country does it (not that it can work anyway without long-term consequences), he also wants to sell France government holdings "without ceding state control or influence over vital companies".
Good luck with that. No one in their right mind would want to buy companies under such conditions.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Exactly how does he intend to end the topor: he's already chased his highest net taxpayers out of the country.
What's he gonna do close the borders and squeeze the shit out of everybody that's left.
I FOR ONE SURE AS HELL HOPE SO, BECAUSE I LOVE SOCIALISM...
FOR OTHERS. maniacal laugh
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I want to ask you this. For pretend you know 100% TSLA price is going up 50% in the future. Guarantee. But you do not agree with TSLA having money from the government. Will you take the bet and be long TSLA to profit?