gm and the gov.

On Thu, 4 Jun 2009 23:29:57 -0600, "labatyd" wrote:

If the gov didn't step in, you would have seen chaos. It was the foremost leaders of capitalism crying for the gov teat. The absolute scions of capitalism. How could you have forgotten so soon?

Entirely contrary to the facts. Wouldn't expect more from the tinhats though.

Yes. Enjoy what it has wrought. Many have grown fat and lazy off that cheap foreign labor. Now it's time to pay the piper. Learning Chinese would be a start.

I won't quibble over definitions. You can look it up.

Seems to be working. Of course if you don't like it, you can roll your own country.

Then they'll got tossed out too.

You're funny. Do you even know more capitalistic countries than the U.S.? I'll give you 2. Commie China and Somalia. Pack your bags. Your paradise awaits.

Not to me. I'm a capitalist. Part of that is being able to add assets versus debt and guard your wealth. Mom taught me. And to know that some enterprises will fail. What's this talk of pension plans? Smacks of socialism, wouldn't you say? I'm beginning to suspect you aren't what you claim. Besides, surely you know that GM was a capitalist enterprise. What exactly are you complaining about? Personally, I saved the fruits of my labors working for capitalist enterprises and never invested with the Bernie Madoffs or expected to get wealthy off the sweat of others' labor. I have fairly simple wants. Always viewed Wall Street as too sleazy. And simple compounded interest has done well by me. All FDIC guaranteed of course. Driving used Chevys alone has probably added well over $100k to my bank account over the years. Simple aversion to debt. Anybody with sense can do that. Won't work for greedy people though. The banks have used my money well to fuel capitalism. Makes me proud to have contributed both my labor and money to capitalism. We worked well together indeed. You tinhat investors are an odd lot. Puffing up your breast feathers when capitalism is providing you good investment returns, exalting in your investment acumen, then whining like puppies when it falls off, and blaming anyone but yourself. Nobody made you do it. Buck up and be a man. Nobody owes you an easy living. Start your own enterprise if you want to be wealthy, and encourage capitalism. I'm sure you are more honest than the capitalists that have hurt you. That "anybody can invest and get rich" scam has played itself out. Some did well, and some didn't. Typical Ponzi. Different world now. The Chinese have the assets. But a good energetic capitalist can still become a millionaire. If that's your dream, of course. If starting your own company doesn't suit you, you might try trading commodity futures. I've made some money at that, but never bet what I wasn't willing to lose. Be very careful. Wrong trade and you lose your house. Part of the excitement of capitalism.

--Vic

Reply to
Vic Smith
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Oh please - even when you are proven wrong you attempt to twist it to sound like you are correct.

Reply to
Mike Marlow

It is a loan by the government if the government has to underwrite it as no one else will.

Reply to
Canuck57

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