$40 billion lost in iraq…..pretty soon we will be talking about real money.
I will explain the Paul position. Big Government regulators protect the large companies that give big donations. Many examples abound but look no further then TARP. $700 billion was handed over to the banks who caused the financial crisis.
What happened to the small banks (all of whom may not have been evil) in this mess? Most small banks never did the type of irresponsible lending that C, GS, BAC, MER, LEH, Bear Sterns (I can’t remember the call symbol) Chase. But by the government (regulators) bailing out the big banks the small banks have to compete with the government backed banks. Guess who will win that battle. Do you even know that “ALLY” bank offeres much higher cd’s then most other banks? That is the former GM bank. You may remember GMAC was bailed out by our illustrious, smart, every omnicient regulators. That is a true life example of how our govenment rewards bad practices and pushs out good practices.
Now for the environment. The idea of Government is to intervene if one’s liberty is being infringed upon by another. So thus, there is a role for government (also defense) but bigger governemnt does not make it better. In fact it makes it much worse becasue these faceless beaurcrates write law without any liability.
In your bizarro world these faceless beaurcrats are trustworthy and all knowing. I call BS on that one.
Are there evil capitalist? Hell yes. The difference is that the market is far more efficent at rooting them out then the government.
