View Poll Results: Worst 20th Century President

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  • Theodore Roosevelt

    3 1.90%
  • Woodrow Wilson

    12 7.59%
  • Herbert Hoover

    18 11.39%
  • Franklin Delano Roosevelt

    26 16.46%
  • Harry Truman

    1 0.63%
  • Lyndon Baines Johnson

    3 1.90%
  • Richard Nixon

    15 9.49%
  • James Earl Carter

    38 24.05%
  • William Jefferson Clinton

    6 3.80%
  • Other (Specify)

    36 22.78%
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Thread: Worst 20th Century President

  1. #281
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    I understand it well. Chrysler was struggling and they needed a cash infusion.
    Their legal options:

    1) find a BANK to loan them money.
    2) Issue new stock.
    3) Sell Assets
    4) Cut expenses

    Their illegal option was:

    Quote Originally Posted by samsmart View Post
    The government guaranteed some loans to them
    Cite the Article and clause of the Constitution that allows the United States government to make loans to private business.

    Oh, wait, don't bother, you can't do that. It's not there.

    Quote Originally Posted by samsmart View Post
    It would have been much costlier had Chrysler gone belly up.
    Yeah, for Chrysler stockholders and UAW goonion members.

    But in free markets, these things happen, the market adjusts, and in the end things work out just fine. Especially for the people who pay taxes but don't own Chrysler stock.

    I note that no one taxpyer who paid taxes was issued a Chrysler refund check to pay him back. Oh, no. The governemnt got paid, not the taxpayer whose money was put at risk.

    If a taxpayer wanted to risk his money in Chrysler or now, Government Motors, he had all the freedom he needed to buy Chrysler stock.

    Quote Originally Posted by USA-1 View Post
    It really was a good move at the time and it cost the government nothing.
    No, violating the laws of the free market is never a good move.

    Also, it cost the citizens who owned stock in Ford, GM, Toyota, Honda, etc the gains their investments would have made. That hurt a huge number of people.

  2. #282
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    Re: Worst 20th Century President

    Quote Originally Posted by LiberalAvenger View Post
    Conservatives don't seem to mind ceo's who makes a thousand dollars per hour but let a blue collar worker make a living wage then they go ballistic, like Reagan, the robin hood of the rich, did.
    Do you have the mental capacity to understand that a CEO is paid with company bucks, a government handout is done with taxpayer bucks?

    This question requires an answer having either two or three letters only.

  3. #283
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    You have some kind of evidence that there was a shortage of capital at the time?
    Evidence:

    Chrysler could not get loans.

  4. #284
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    Re: Worst 20th Century President

    Quote Originally Posted by phattonez View Post
    And if I was an American I would want to see the economy grow as well as it possibly good so that we all become wealthier instead of seeing capital goods siphoned off to a company that is a loser.



    , it's about free choice. If you want to help people out donate to charity.
    Yeah, and what do people eat when they are waiting for it? The catholic church used to provide a lot of charity until they had to spend their donations defending pedofiles. Pat Robertson is a billionaire. Just think how much his personal fortune would go to helping needy people.

  5. #285
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    Re: Worst 20th Century President

    Quote Originally Posted by Scarecrow Akhbar View Post

    Cite the Article and clause of the Constitution that allows the United States government to make loans to private business.

    .
    Cite the article and clause that states it is illegal for the government to guarantee loans to private businesses.
    You can't.

    While you are at it see if you can find anything about the constitutionality of government subsidies. The government handing out billions is much worse than guaranteeing a loan.
    Last edited by USA_1; 02-08-10 at 05:48 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  6. #286
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    Re: Worst 20th Century President

    Quote Originally Posted by the makeout hobo View Post
    I thought you were about 40 or so...
    63 glorious years.
    "Don't be particular bout nothin, but the company you keep"

  7. #287
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    Re: Worst 20th Century President

    Quote Originally Posted by Scarecrow Akhbar View Post
    Evidence:

    Chrysler could not get loans.
    No. A shortage of money to loan was not the problem. The risk was.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  8. #288
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    Cite the article and clause that states it is illegal for the government to guarantee loans to private businesses.

    You can't.
    Au contraire.

    Amendment 10 - Powers of the States and People. Ratified 12/15/1791. Note

    The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

    If Michigan wanted to issue bonds and loan Chrysler money, fine.

    The Tenth Amendment prohibits the federal government from doing so.

  9. #289
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    Re: Worst 20th Century President

    Quote Originally Posted by Skateguy View Post
    63 glorious years.
    Another old fart like me.

  10. #290
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    Re: Worst 20th Century President

    Quote Originally Posted by USA-1 View Post
    No. A shortage of money to loan was not the problem. The risk was.
    Oh, so the governmnent, without Constitutional authority can feel free to risk taxpayer's money whenever it wants for any private enterprise with the political clout to swing it, and that's okay with you, is it?

    Guess what?

    The government guaranteeing loans that go bad is EXACTLY why the economy went to **** in 2008.

    Not a good idea, that.

    People who take risks should not be given a guarantee financed by the taxpayers. Someone who takes a mortgage and can't pay it back....should soon become a renter again. A business that can't find private funds to provide the needed cash flow....becomes the property of someone who can create the cash flow.

    Welcome to how the real world works best. People who take the risk to taste the mushroom first sometimes live to tell how wonderful it tasted. People who don't take the risk of eating the strange 'shroom shouldn't be requierd to bleed for those that do.

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