On Mar 23, 2009, at 6:35 PM, Chris Gehlker wrote:

> On Mar 23, 2009, at 7:30 AM, Charles Bennett wrote:
>
>> By that argument every tax payer with a bad mortgage that "couldn't
>> survive" could fall under government regulation.
>>
>> Every company that will survive because of the porkulus bill's
>> stimulus could fall under government regulation.
>>
>> When you go down that path there is no end to what the government can
>> justify for your own good.  The only for sure thing is that, in the
>> history of civilization, it has never worked.   Not once.   Ever.    
>> No
>> one has ever got the timing of the spending right.
>
> This doesn't seem to make sense. Women who apply for welfare must
> reveal the income of any man who happens to be living with them even
> though the man may contribute nothing to the support of the children.
> Parents of students who apply for financial aid must reveal their
> income even though they may contribute nothing to their children's
> education. These relationships are much more tenuous than the
> relationship between say AIG and  Deutsche Bank which is contractually
> defined. Lets protect Parents and the  guys who boff welfare moms. The
> bankers can look out for themselves.

Not the best examples to use since those requirements were put in to  
place to prevent abuses.  Considering in the case of AIG the large  
stake that the gov't holds I see no problem with them exerting said  
influence.  And you know what?  Most companies are already regulated  
to various degrees in many ways.  This includes wages.  The problem is  
most of the regulation defines minimums, not maximums.

This is one of those things that I am personally iffy on.  I don't  
fault anyone for trying to get the biggest piece of the pie.  On the  
flip side the gross disparity in wages is sickening.  I don't have any  
problem with the bailed out guys having some kind of control placed on  
them until they pay the money back at least.  And really, if you get  
money from the gov't it's not out of the realm of possibility to have  
some strings attached.

And ya know what?  If they don't take the money then maybe they were  
not so bad off as they claimed.

--Larry
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