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

Tuesday, October 23, 2012

Government can't pick winners, it just makes us losers

No matter what they call it, it is still just plain classic economic Fascism. m/r

The Corporate Welfare Trap Has Snared Republicans and Democrats Alike

by BURT Folsom  on OCTOBER 19, 2012
On the subject of corporate welfare (giving federal subsidies to businesses), Republicans have historically been as bad as Democrats. Both parties have sometimes rushed to the federal trough to dole out cash to favored friends.
For example, the Reconstruction Finance Corporation, a program of government bailouts, was set up by President Hoover in 1932 to bail out corporations to help stop the Great Depression. It didn’t work. Thousands of large U.S. companies wanted capital, but only a fraction of them could get it. Thus, leading Republicans of the 1930s, including former Vice-President Charles Dawes, Maryland Senator Phillips Gouldsborough, and Secretary of Commerce Roy Chapin, were at the front of the line to get government subsidies for their banks. When FDR became president, the Democrats took their turn at slinging taxpayer dollars at key political friends. Jesse Jones, FDR’s head of the RFC, even gave loans to FDR’s relatives and tried to give a subsidy to Walter Trohan, a major news reporter at the Chicago Tribune.
After World War II, with the Great Depression ended, President Truman kept the RFC around because he could use it to reward friends, but the process of granting corporate subsidies also led to internal corruption. For example, under Truman, John J. Hagerty headed the RFC in Boston. He endorsed a loan to the Waltham Watch Company and then resigned from the RFC to take a job with the Waltham Watch Company– for three times his RFC salary.
Interestingly, the town of Waltham is back in the news today with more corporate subsidies. ...
-go to the link-
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