Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Wednesday, August 31, 2011

Obama sure knows how to help business and jobs - the Stalinist 5 year plan jammed into 4 years

NJBIZ

August 31. 2011 1:30PM

AT&T says it could be socked with $3B penalty if merge with T-Mobile is blocked

By Martin C. Daks

A federal Department of Justice lawsuit filed today to blockAT&T's proposed $39 billion acquisition of T-Mobile USA Inc. could trigger a $3 billion breakup fee, according to AT&T. ...

In a previous interview with NJBIZ, J. Michael Schweder, mid-Atlantic president for AT&T, said the company would allow T-Mobile customers to keep the lower-cost plans the provider currently offers its subscribers.
"We are surprised and disappointed by today's action, particularly since we have met repeatedly with the Department of Justice, and there was no indication from the DOJ that this action was being contemplated," said Wayne Watts, AT&T senior executive vice president and general counsel. "We plan to ask for an expedited hearing so the enormous benefits of this merger can be fully reviewed. The DOJ has the burden of proving alleged anticompetitive effects, and we intend to vigorously contest this matter in court."...


"The stock purchase agreement contains certain termination rights for each of the (companies) and (T-Mobile parent)Deutsche Telekom," AT&T said in a statement. "In the event that the stock purchase agreement is terminated because of the failure to obtain regulatory approval, the company may become obligated to pay Deutsche Telekom $3 billion in cash," among other penalties. ...

... -read on at above link-

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