OT: Emergency Buy Out

[Jason Spatafore]

----- Original Message ----- 
From: "Joshua Zeidner" <jjzeidner at gmail.com>
To: "Main PLUG discussion list" <plug-discuss at lists.plug.phoenix.az.us>
Sent: Monday, September 29, 2008 3:12 PM
Subject: Re: OT: Emergency Buy Out


>  why not take the $700 billion and stimulate companies that are
> actually based in the US?  and actually innovate, ie. the auto
> industry?

No. The auto industry failed to keep up. It is their battle to fight, not 
the taxpayers. (Keep in mind that a Ford is still ~6K cheaper than the 
import counterparts....)

>
>  why not take the $700 billion and stimulate companies that arent in
> a race to send every job they can to Asia?  so that perhaps Americans
> might be able to afford the tax hike this $700 billion implies?
>

No. Let's not subsidize any *non-federal* industry. Ever.


>  why not take $100 billion and create healthcare system that isn't
> owned by insurance companies?

Yes. Healthcare is a basic need. I agree with this one. The system must be 
owned by the public (you and I).

>  why not take $20 billion and build out network infrastructure?

Yes. We need an infrastructure that should be cutting edge, not outdated. 
But it has to be safe, so what do you do?

>  why not throw each every treasonous scumbag CEO in prison?

Not all CEO's make bad decisions. Keep in mind the CFO's make the ultimate 
financial decisions in companies. And a corporation is a gamble.

People have been gambling...it's time to pay the loan sharks. I've watched 
my 401k plummet 20% this year....but that doesn't matter to me because I 
know that the only people who lose money are the people who sell low.

What we are seeing now is the exact same thing we saw in 2001, when the 
dot-com bubble burst. Now it's the mortgage market. In 8 more years, it will 
be some other market. But the 7 years between each burst are good 
years...let it burst, let us bounce back, let it burst again...rinse, 
lather, and repeat.