Re: OT: Emergency Buy Out

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Author: Eric Cope
Date:  
To: Main PLUG discussion list
Subject: Re: OT: Emergency Buy Out
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092503602.html

On Mon, Sep 29, 2008 at 8:14 AM, Eric Cope <> wrote:

> Why is it we turn to the government to "protect" us from ourselves? If any
> organization knows the power of transparency, its this one. We know why we
> want open source software. So we can audit a piece of code any time we want
> to ensure its doing what we think its doing. If we rely on the government to
> protect us from evil corporations, why don't we rely on government to
> protect us from evil software? I know my answer (governments are
> historically ineffective at everything other than law-enacting and tax
> spending, but not law enforcing and tax saving). Why don't we push for open
> accounting practices from our businesses? When we open an account at a bank,
> why don't we know their investment strategy? Why don't we know how much
> capital they keep to ensure timely withdrawals? Why do we think the FDIC
> placard is more valuable than independent third party analysis? The
> government has shown time and again it can't be trusted with our money or
> our respect (at least mine), yet we keep turning to it for help. The
> definition of insanity is repeating the same behavior and expecting
> different outcomes. Doesn't this behavior sound like insanity?
>
>
> On Mon, Sep 29, 2008 at 3:58 AM, Joshua Zeidner <>wrote:
>
>> On Sun, Sep 28, 2008 at 11:40 PM, Craig White <>
>> wrote:
>> > On Sun, 2008-09-28 at 23:08 -0700, Joshua Zeidner wrote:
>> >> On Sun, Sep 28, 2008 at 10:58 PM, Lisa Kachold <
>> > wrote:
>> >
>> >> >
>> >> > But that is a famous Ron Paul quote that can't be backed with fact:
>> "When
>> >> > we borrow a billion dollars every day simply to run the government,
>> and when
>> >> > the Federal Reserve increases the money supply by trillions of
>> dollars in
>> >> > just 15 years, we hardly can expect our dollars to increase in
>> value."
>> >>
>> >> This isn't some kind of Ron Paul heresy, its based on the real
>> numbers.
>> >>
>> >> I find it surprising that Americans have not pledged their
>> >> allegiance to this person who has been claiming that this was going to
>> >> happen all along. The resistance is typically on Ron Paul's attitude
>> >> towards particular social issues... jmz
>> > ----
>> > particular social issues are important too
>>
>> sure... and a major part of the problem is that our basic cultural
>> sensibilities have gone haywire.
>>
>> what Dr. Paul suggests is not to get govt involved. Let people pay
>> for their own lack of vision and judgment. That allows the wise to
>> profit and the ignorant to experience evolution first hand.
>>
>> -jmz
>>
>> >
>> > Ron Paul is a polarizing figure and that totally marginalizes any points
>> > that he makes.
>> >
>> > I think if you look back, you will find this scenario was predicted by
>> > many on the right and left (Krugman comes to mind) so I have no problem
>> > dismissing Ron Paul for the kook that he is. I think that the saying is
>> > that even a broken clock has the right time twice each day.
>> >
>> > As for the debt...that's the logical consequences of cutting taxes and
>> > not cutting expenditures, for fighting wars without raising the revenues
>> > to fight them and just endlessly printing paper money because they can.
>> > I don't think we need Ron Paul to point out the wrongfulness of that
>> > logic...I think McCain understood it when he opposed the Bush tax cuts
>> > without a reduction in spending but evidently the way to get the
>> > Republican nomination is to do exactly what he knows intrinsically
>> > doesn't work. For that (and probably some other reasons), I could never
>> > vote for McCain.
>> >
>> > Craig
>> >
>> > ---------------------------------------------------
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>> >
>>
>>
>>
>> --
>> "I know not with what weapons World War III will be fought, but World
>> War IV will be fought with sticks and stones." --Albert Einstein
>>
>> - http://www.joshuazeidner.com/
>> ---------------------------------------------------
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>>
>
>

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