Is there a contradiction Here?

[detbuch]

Originally Posted by Tagger

All that money to bail out Chrysler the last time was all paid back . Are the bail outs of the Auto Industry loans ? Gifts ? .. How much of the Stimulus will we recoup later if things go well ? Or is it all gifts ?

Let's see. Chrysler needed money, borrowed it, payed it back. Chrysler needs money again, massive amount this time, gets a loan again . . . Sounds like the good old Capitalistic system at work. Business needs capital, bank lends it . . . Oh . . .BANK DOESN'T LEND IT . . . because Chrysler is not credit worthy . . . GOVERNMENT LOANS IT . . . Capitalism????

I suppose if things don't go "well?" the LOAN will be a GIFT and Chrysler will fold as it should if it hasn't learned how to compete. Competition is a key element of Evolution. Competing, winning, losing, integrating, going in new directions, transforming, becoming new, better, and so on.

If it goes well, then maybe the banks are stupid for not seizing the opportunity to make a profit by lending the bick bucks to Chrysler. Maybe the banks, if they're that stupid, should fold. The Government can be our bank. Would that be a subtle way to nationalize the banks?

[Tagger]

Yea ,, The bank has its hand out too ..

[detbuch]

[QUOTE=Tagger;670260]Yea ,, The bank has its hand out too ..

[QUOTE= Yes it does. And by the Government greasing the palms of everyone and everything that has their hand out, it enables them to stay right where they are. Not very evolutionary for a government that believes in evolution.

BTW, from all the apples and oranges response that I've got, it appears there is a perception that evolution applies to biology but not to abstract thought, ergo not to policy, laws, economics, etc. Evolutionists do not see two tiers of existence. "Biology" as one tier and some etherial existence that occasionally zaps biological entities with ideas. For them, biology is everything. Biology is destiny. Thought is an evolutionary result of material , electrical, mitochondrial, synaptical, whatever, friction and interaction. So, if you truly believe in the evolutionary process, it should countermand your anti-evolutionary impulse to prop up things as they are. If you truly believe in the evolutionary process, you would understand that failure is not to be rewarded. And that you, being a small cog in the evolutionary machinery, should move in ways to continue the process of change for betterment, not the "change" that Obama seems to be promising--the same old stuff.

[detbuch]

Originally Posted by Tagger

All that money to bail out Chrysler the last time was all paid back . Are the bail outs of the Auto Industry loans ? Gifts ? .. How much of the Stimulus will we recoup later if things go well ? Or is it all gifts ?

Also, The 1979 Chrysler bail-out was not a Government loan. Chrysler was forced by the Gov. to get loans from commercial creditors which would be guaranteed by the Federal Government. And the creditors were forced by the "Chrysler Loan Guarantee Act of 1979" to make concessions as well--Chrysler was able to pay off more than $600 million of the 1.5 billion in loans at 30 cents on the dollar. Also, Chrysler was allowed to convert nearly $700 million of debts into a special class of preferred stock that payed no dividends and were unredeemable for several years. Despite the loan guarantees, Chrysler still reduced its work force by 50%, which many at the time, including some Dems, complained was as large a number or larger than if the company was forced into bankruptcy. And many at the time were saying that we all "became involuntary and uncompensated partner in a company whose future is still in doubt." So 30 years later Chrysler's future is still in doubt and it is asking for 10 times or more dollars DIRECTLY FROM THE FEDERAL GOVERNMENT.