Posts Tagged economy
Government Motors
Posted by Snowy in Cars, Economy/Business on June 1st, 2009
Yeah, how about that GM? Love me some GM. In fact, I love GM cars so much, I decided to own a piece of them. Oh, and so did you. GM went in for bankruptcy today, and the government has agreed to give some 50 odd billion dollars to keep some 50 thousand jobs. Wait… how many jobs have been lost this recession? 3 Million. So effectively what the government is doing is saying that if you work for a car company, your job is more important than any other job that has not been bailed out. Despicable. If I would have lost my job (which I currently have none), I would be completely outraged by the governments actions. Why bailout a failing automotive company, but not bailout someone that makes an honest living? It just doesn’t make sense. There is no such thing as "too big to fail". That phrase is just an excuse for congress to put their hand in large corporations. Oh, but there’s a bright side right? President Obama has "no interest in running GM"? Yeah right. I wish. You can bet a pretty penny the government is going to have some HEAVY influence on what type of cars GM and Chrysler makes. You don’t think they’re just going to hand them $50 billion on good-will, do you? HA!
I don’t want to sound like some anti-democrat, "this administration is for socialism", kindaguy, but whatever happened to capitalism? People will never learn from their mistakes if you bail them out. Is it not obvious that they’re just going to want another bailout when they run into some more trouble down the line? It’s just preposterous.
Legalize Marijuana, save the economy?
Posted by Snowy in Economy/Business on March 31st, 2009
Let me first get this out of the way: I have never, nor intend to smoke pot, marijuana, cigarettes, or any other substance that is smoked.
There is currently a big push among younger people to legalize drugs. While they may be right when they say that prohibition doesn’t work, and medical marijuana is useful, their latest argument that legalizing marijuana so you can tax it will save the economy. This is just downright silly. If you think that one product is going to save the economy, you’re insane.
Making marijuana legal would have some good effects: you can tax it, you spend less money on cops to enforce it, etc. While it would have a few positive affects, what would you do with those that have already been convicted with possession of illegal substances like marijuana? Would you just let them go? Hardened by prison, do you think it’s safe to just let them out of jail? How do you think they would feel towards law enforcement after they were released?
In a lot of ways it makes sense to legalize marijuana, but in a lot of ways it makes sense to keep prohibition active. I don’t support the use of narcotics, I think it’s a waste of time and money, but I’ll leave the decision on whether to legalize it or not up to those who have done more research on it.