GM, Amtrak and an increasingly fascist America
by US Rep. Ron Paul (R-TX)
06/08/09
Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The government will dump another $30 billion into GM and take a 60 percent controlling interest for it. Public officials are now involving themselves in tactical business decisions such as where GM’s headquarters should move and what kind of cars it will build. The promise that this is temporary and will eventually be profitable is supposed to ease the American people into accepting this arrangement, but it is of little comfort to those who remember similar promises when the American taxpayers bought Amtrak. After three years, government was supposed to be out of the passenger rail business. 40 years and billions of dollars later, the government is still operating Amtrak at a loss, despite the fact that they have created a monopoly by making it illegal to compete with Amtrak. Imagine what they can now do to what is left of the great American auto industry!
http://news.goldseek.com/RonPaul/1244481204.php
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=General+Motors
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=Amtrak
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=fascist
http://freepage.twoday.net/search?q=Ron+Paul
06/08/09
Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The government will dump another $30 billion into GM and take a 60 percent controlling interest for it. Public officials are now involving themselves in tactical business decisions such as where GM’s headquarters should move and what kind of cars it will build. The promise that this is temporary and will eventually be profitable is supposed to ease the American people into accepting this arrangement, but it is of little comfort to those who remember similar promises when the American taxpayers bought Amtrak. After three years, government was supposed to be out of the passenger rail business. 40 years and billions of dollars later, the government is still operating Amtrak at a loss, despite the fact that they have created a monopoly by making it illegal to compete with Amtrak. Imagine what they can now do to what is left of the great American auto industry!
http://news.goldseek.com/RonPaul/1244481204.php
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=General+Motors
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=Amtrak
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=fascist
http://freepage.twoday.net/search?q=Ron+Paul
rudkla - 9. Jun, 10:01
