Liberty Guys

  • Home
  • Home
Transient

Liberty Guys

Online Journal of Liberty

Bailouts, Revisited

Bailouts, Revisited

Salon, Meet Economic Ignorance

libertyvini October 30, 2012
In this rather partisan and somewhat confused article,  Andrew Leonard doesn't let reality get in the way of his Obama-burnishing.  In trying to indict Romney on one of the very few decent positions he has (e.g., against the auto bailouts), he takes Romney to task for claiming that the bailed-out Chrysler Corp has shipped Jeep production to China, making a true-sounding but fundamentally wrong point; 

...there\u2019s no way of getting around the fact that there wouldn\u2019t even be a Chrysler around to hire new workers at its Toledo Jeep plant (or in China) without Obama\u2019s bailout.

...ignoring, deliberately or otherwise that several Jeep products, the Jeep brand, and Jeep production facilities would have been among the few valuable assets of Chrysler, and would have been purchased by investors who would try to make a go of it, rather than being liquidated, in a traditional bankruptcy. After all, as Mr. Leonard points out, the brand is strong, and has a large and growing export market in China, where the appeal, no doubt in part rests on the cachet of the very American brand.  So, he deliberately, in our opinion, conflates a socialist/mercantilist bailout of a wealth-destroying enterprise with something resembling a free-market business, to polish the \"pro-business\" credentials of Mr. Obama as opposed to those of Mr. Romney. Pretty weak.

","engine":"visual"}" data-block-type="2" id="block-9711b469844e4055f01f">

In this rather partisan and somewhat confused article,  Andrew Leonard doesn't let reality get in the way of his Obama-burnishing.  In trying to indict Romney on one of the very few decent positions he has (e.g., against the auto bailouts), he takes Romney to task for claiming that the bailed-out Chrysler Corp has shipped Jeep production to China, making a true-sounding but fundamentally wrong point; 

...there’s no way of getting around the fact that there wouldn’t even be a Chrysler around to hire new workers at its Toledo Jeep plant (or in China) without Obama’s bailout.

...ignoring, deliberately or otherwise that several Jeep products, the Jeep brand, and Jeep production facilities would have been among the few valuable assets of Chrysler, and would have been purchased by investors who would try to make a go of it, rather than being liquidated, in a traditional bankruptcy. After all, as Mr. Leonard points out, the brand is strong, and has a large and growing export market in China, where the appeal, no doubt in part rests on the cachet of the very American brand.  So, he deliberately, in our opinion, conflates a socialist/mercantilist bailout of a wealth-destroying enterprise with something resembling a free-market business, to polish the "pro-business" credentials of Mr. Obama as opposed to those of Mr. Romney. Pretty weak.

TagsBailout, Politics, Romney, Salon, Chrysler, Obama
  • Liberty Guys
  • Older
  • Newer
Search

  • Finally found something to do with #bitcoin http://t.co/hd0qGfHFr1
    about 2 months ago
  • This is a few months old but still incredible. - YouTube http://t.co/8Evs7Mli
    about 4 months ago
  • First the cops stop coming and now the mail. Is anyone still afraid to be without government? #youreonyourown
    about 4 months ago
  • RT @ggreenwald: Reminder: huge controversy erupted when Bush merely detained & eavesdropped on citizens without courts - Obama *targ ...
    about 4 months ago
  • So the government trained Eddie Ray Routh to kill and then gave him PTSD. Is anyone surprised he came home and made an excellent killer?
    about 4 months ago
  • If a Marine veteran is a hero for killing people in the Middle East, what is he when he blows away people here at home with those same...
    about 4 months ago
  • So Much for the "Information Age" http://t.co/0rA9jgob
    about 5 months ago
  • Just got done paying the last of the property and school taxes for my business. Yeah, just like this. http://t.co/yKVZKAGs #fuckyoupayme
    about 6 months ago
  • Just finished The Rational Optimist. Incredible. http://t.co/3Sscixch Thanks, @Shwood
    about 6 months ago
  • RT @RealAlexJones: TSA Claims It Is Above Congressional Oversight - http://t.co/xz2FvBGd
    about 6 months ago
facebooktwitter

    Liberty Guys

    The Online Journal of Liberty & Freedom

    This is the latest incarnation of what started as an email thread between a handful of liberty-loving friends back in the late 90′s. After the 9/11 attacks, some of us began to feel our liberties, big and small, slipping away under the pressure of the GWOT. In the aftermath of the invasion of Iraq, we decided to do something more structured, to try to, in some small way, preserve those liberties, large and small, that we still had left.

    facebooktwitter