And when you subsidize something, you get more of it. What incentives will the failing companies have to strive for profit through faithful service to their customers and for standing on their own feet? This is a question that haunts all protectionism, whether through bailouts or tariffs or subsidies or monopoly privileges. If the purpose is to make a firm or industry strong or able to compete in the market, then protecting it only makes it weaker. One must throw each company out into the “dog-eat-dog” (ha!) competitive environment and through these pressures force it to improve and excel.
Nor is there an analogy from protecting human children and the elderly to protecting “infant” and “senile” industries. If an industry is foreseen to be profitable only after it matures, investors will still put money into it now. The government can’t find out which industries or firms ought to be kept alive and which, aborted. And if an industry is no longer profitable and its prospects are dim, then it deserves to “die.”
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Regarding the bailout, Congressman Jeb Hensarling (R-Texas) stated that the bill puts the country “on the slippery slope to socialism. If you lose your ability to fail, soon you will lose your ability to succeed.â€
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From a native Pittsburgher:
Hopeful Signs Of ‘We The People!’
When the members of Congress have to pause and wonder whether they should vote the opposite of their constituents or in congruence with them then you know something is happening!
How would they even know how their constituents feel since the citizens are kept in the dark by the media (that serves the unConstitutional coup). Additionally the legislation is massive and piled full of jargon and oozing with bribes of all sorts to fund all sorts of political schemes.
Usually a few platitudes or weak cries for representation is all the members of Congress hear. Usually the members of Congress simply carry on, business as usual, by aligning themselves with the special interests that will give them the most prestige or campaign contributions.
The bailout vote demonstrated that change that is occurring, thanks to the Ron Paul revolution.
(From now on) instead, educated (seekers after truth who get their information somewhere other than mainstream media) voters wrote and called their ‘representatives’ and told them how to vote and told them why and told them that their vote will be closely watched and told them that their wish to be re-elected is dependent on the voters not the funds of the special interests! As a result members of Congress paused and pondered.
Reminding the members of Congress that they have to be elected first, then they have to take the oath of office, and then they will be held accountable. It is their sworn duty to uphold and protect the Constitution from enemies foreign and domestic.
‘We the people’ will declare them as domestic enemies of the Constitution if they do the bidding of the unConstitutional coup. Disgraced and shunned these traitors will be replaced by principled individuals who understand the philosophy of classical liberalism.
Constituent Rebellion Now!
Millions wrote and called to say No! and still the Senate said Yes? It is time for a housecleaning! Time to show them that they work for Main Street, not Wall Street.
Based on quick analysis, it looks like there are 2-4 Senators who voted Yes who are in tight races, and 3 or 4 more who are vulnerable.
In the House, the analysis is similar, 7 or 8 vulnerable races where a little bit of influence might make all the difference.
Targeting these so-called representatives of the people, with print and radio ads highlighting their betrayal, could really make an impact on their chances for re-election — and put the fear of constituency back into the Washington elite.
Are you interested in making it happen? There isn’t much time before the election, so it will take funds and effort. Can you participate by offering time, skills or funds?
Let us know.
Contact the Constituent Response Team at constituentresponse@gmail.com.
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