The Chrysler loan guarantee is usually cited as an example of a successful intervention by the government, but that's a rather shallow analysis. The money lent to Chrysler because of the guarantee wasn't available for other uses. Even though Chrysler paid back those loans ahead of schedule, the bailout allowed them to go on to destroy tens of billions of dollars of capital since then.
What you're missing here, is that it's wrong to take what anyone earns to give it to someone else, whether the recipient is a person or an organization.
There is no action that is immoral for an individual, that becomes right when done by a collective. If I take losses in the stock market, I have no right to rob you to make up what I lost. It doesn't become right if I employ a gang of thugs to rob you. It doesn't become right if I have the government do it for me.
It used to be that if you made a poor business decision and lost money you went out of business
That's still the case for most of the businesses in the country. It's only those who can afford to grease their politicians who get a free ride from the taxpayers when they fuck up.
A free market is a profit and loss system. By interfering with the feedback loop, government allows businesses to continue doing things they shouldn't do.
I'm all for fair and equal, free market economics, but if it looks like a whole industry is going down, not just a single company, fair and equal bailouts are the right thing to do.
No, it's not. Things change, whole industries rise and fall, and that's how it should be.
are all industries everywhere simultaneously going broke just now?
You can get a pretty good idea how we got into this situation from here.
Not all industries are going broke, but economic activity in general is falling sharply. How long this lasts will depend on how much effort governments put into delaying and interfering with the repricing and deflation that must follow an inflationary bubble of this magnitude.
It's been a very long time since it mattered whether the president was from one wing or the other of the ruling party. The fact that Obama and McCain both voted for the bailout makes that clear.
instead, that pompous, arrogant, and overbearing jerk is going to be the secretary of state
Yeah, that's disappointing. I guess Obama's willing to throw foreign policy under the bus to shut her up. Hell, fluffy the trial lawyer would have been a better choice.
This time, the democrats came very close to repeating their mistake but the grass roots were able to overcome the party's general bias towards nominating the most pompous, overbearing jerk they could find.
Spewing childish insults is hardly a convincing technical argument.
The OS X kernel remains a complete joke.
Is that what your friends on the playground are telling you? Maybe someday you might grow up and acquire the technical skills to judge it for yourself.
Nope. Your claim, your burden of proof. It's up to you to show that any "absurd performance problems" exist in the Mac OS X Kernel, not for me to prove a negative.
jcr is responding reasonably despite being subjected to childish name calling
Thanks, Hucko.
I usually shrug off name-calling like that because it's more effective to put the troll's behavior into sharp contrast than to respond in kind. If they persist, they only make themselves look worse.
Slashdot Mirror
If you are so sure that the bailout is necessary that you consider it axiomatic, then you are part of the problem.
-jcr
The Chrysler loan guarantee is usually cited as an example of a successful intervention by the government, but that's a rather shallow analysis. The money lent to Chrysler because of the guarantee wasn't available for other uses. Even though Chrysler paid back those loans ahead of schedule, the bailout allowed them to go on to destroy tens of billions of dollars of capital since then.
-jcr
What you're missing here, is that it's wrong to take what anyone earns to give it to someone else, whether the recipient is a person or an organization.
-jcr
Corporations should never get the money,
Up to this point, you're correct.
people should. ..and here's where you go wrong.
There is no action that is immoral for an individual, that becomes right when done by a collective. If I take losses in the stock market, I have no right to rob you to make up what I lost. It doesn't become right if I employ a gang of thugs to rob you. It doesn't become right if I have the government do it for me.
-jcr
It used to be that if you made a poor business decision and lost money you went out of business
That's still the case for most of the businesses in the country. It's only those who can afford to grease their politicians who get a free ride from the taxpayers when they fuck up.
A free market is a profit and loss system. By interfering with the feedback loop, government allows businesses to continue doing things they shouldn't do.
-jcr
I'm all for fair and equal, free market economics, but if it looks like a whole industry is going down, not just a single company, fair and equal bailouts are the right thing to do.
No, it's not. Things change, whole industries rise and fall, and that's how it should be.
-jcr
Bail out people, not businesses.
No.
Robbing Peter to pay Paul is wrong, whether Paul is a corporation or an individual.
-jcr
are all industries everywhere simultaneously going broke just now?
You can get a pretty good idea how we got into this situation from here.
Not all industries are going broke, but economic activity in general is falling sharply. How long this lasts will depend on how much effort governments put into delaying and interfering with the repricing and deflation that must follow an inflationary bubble of this magnitude.
-jcr
I won't stand on the peak of Everest until there are helicopters that can operate at that altitude.
-jcr
the republicans ran a democrat for president
How can you tell the difference?
It's been a very long time since it mattered whether the president was from one wing or the other of the ruling party. The fact that Obama and McCain both voted for the bailout makes that clear.
-jcr
Not this fucking douchebag again.
How are you enjoying that glass house you're living in?
-jcr
Occam's razor leads me to conclude that the Seinfeld/Gates ad campaign was a failure, not a step in some grand plan.
-jcr
instead, that pompous, arrogant, and overbearing jerk is going to be the secretary of state
Yeah, that's disappointing. I guess Obama's willing to throw foreign policy under the bus to shut her up. Hell, fluffy the trial lawyer would have been a better choice.
-jcr
Al Gore and John Kerry ran terrible campaigns.
Starting with the choice of the candidate.
This time, the democrats came very close to repeating their mistake but the grass roots were able to overcome the party's general bias towards nominating the most pompous, overbearing jerk they could find.
-jcr
It all started when he was a little kid and he dropped his ice cream. His mommy immediately gave him another one to make him quit crying.
-jcr
I'm a contributing member to slashdot,
Well, let's just get you a gold star, then!
unlike the person I'm heckling.
Wow, that would really hurt if I had any reason to value your judgement.
Like I said, I'm having a bad day, and I have karma to burn.
I'm having a great day, and I've had karma to burn since sometime in 1997.
I call out assholes who dont contribute
I'm sure everyone is highly impressed with your diligence. Gosh, how did /. ever get along before you showed up?
I must say though, that from a quick glance at ~Hadlock, I'm not too impressed.
-jcr
There's some kind of joke to make here about the federal government...
-jcr
plenty of time to slow it down. ... and an army of managers to make sure it gets done!
-jcr
That's right you stupid fucking piece of shit.
Spewing childish insults is hardly a convincing technical argument.
The OS X kernel remains a complete joke.
Is that what your friends on the playground are telling you?
Maybe someday you might grow up and acquire the technical skills to judge it for yourself.
-jcr
Nope. Your claim, your burden of proof. It's up to you to show that any "absurd performance problems" exist in the Mac OS X Kernel, not for me to prove a negative.
-jcr
jcr is responding reasonably despite being subjected to childish name calling
Thanks, Hucko.
I usually shrug off name-calling like that because it's more effective to put the troll's behavior into sharp contrast than to respond in kind. If they persist, they only make themselves look worse.
-jcr
Stop feeding the troll.
But it's fun!
Ok, I'll stop. He's not a very good troll, anyhow.
-jcr
Have you consulted a mental health professional about this raging inferiority complex you're obviously suffering from?
-jcr
I use vista64 and it is probably one of the most stable os's ive used to date,
If your experience is limited to MS products, that could be true.
-jcr
Until they stop providing security updates.
Heh. Like that will make any difference.
-jcr