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"Capitalism works best when left alone"!

Published:

1.3 Mile Island.

2.Love Canal

3.Housing Bubble

4.Asian sweatshops

5.A.I.G

6.Ford Pinto

7.BP Oil Spill

etc. etc. etc. etc. etc..................................................

Entry #51

Comments

1.
rdgrnrComment by rdgrnr - August 1, 2012, 1:39 am
Yeah, big government's the answer, right?

The U.S. Post Service was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.

Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke.

Fannie Mae was established in 1938 – they’ve had 71 years to get it right; it is broke.

Freddie Mac was established in 1970 – they’ve had 39 years to get it right; it is broke.

Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.

The War on Poverty was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.

Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.

AMTRAK was established in 1970 – they’ve had 39 years to get it right; last year they bailed it out as it continues to run at a loss!

I won't even get into the failed Stimulus which has yet to create one job.

Hell, I won't even mention the Cash for Clunkers which was a colossal failure and went broke in just a few months.

And now we have the nightmare of Obamacare.

Yeah, let's let the government run everything, what the hell, they're so good at it.
2.
JAP69Comment by JAP69 - August 1, 2012, 8:29 am
1.3 Mile Island.
   The risk involved with nuclear power.

2.Love Canal
   Hooker Chemical had sold the site to the Niagara Falls School Board in 1953 for $1, with a deed explicitly detailing the presence of the waste,[1] and including a liability limitation clause about the contamination

The Love Canal incident was especially significant as a situation where the inhabitants "overflowed into the wastes instead of the other way around."[3
http://en.wikipedia.org/wiki/Love_Canal

3.Housing Bubble
   Affimative actions fault. Look up lawsuits against banks for not lending to low income individuals.

4.Asian sweatshops
     A foriegn problem. Not ours

5.A.I.G
caught in Housing bubble.

6.Ford Pinto
   Can not depend on Gov't as they were lobbied on the safety of the vehicle.

7.BP Oil Spill
   Hazard for oil drilling.
   But Obama shut down the gulf and refuses to follow a court decision on allowing drilling.



3.
jarasanComment by jarasan - August 1, 2012, 8:31 am
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4.
jarasanComment by jarasan - August 1, 2012, 8:35 am
idiot booby troll, on the Ford Pinto, Ford is the only one of the three big three that is financially prosperous today. Asian sweatshops..............????????????????? you mean china? They lend barry money for his campaign.
5.
TenajComment by Tenaj - August 1, 2012, 10:00 am
No, eliminating government corruption is the answer.
6.
Comment by scorpio - August 1, 2012, 10:12 am
I just read where the nyc courts have fined the full tilt poker 437 million for their off shore non taxed online gambling in the usa.i wonder if romney had these type of businesses?

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