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David Banack is an attorney living in Jackson Hole. He joined the LDS Church at age 15 and later served a two-year LDS mission to France and Switzerland. He has lived up and down the West Coast, as well as in Fiji, Samoa, Sweden, Utah, and now Wyoming. Dave has been running the Mormon Inquiry site discussing LDS and Christian issues since 2003. He is a website editor for Dialogue: A Journal of Mormon Thought and also participates at the LDS weblog Times and Seasons. The views expressed on this blog are his own.
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Someone else ask me about GM becoming the new Amtrak money pit. I tend to agree. There was a mechanism in place already for the problems GM was facing. Bankruptcy. The government take-over of this private business bothers me now that I've been reminded of Amtrak. The thing I'm reminded of is pre-WWII Italy and Mussolini's promises (Italy's train service). Those promises got him elected and the rest is history.
I've seen the church leaders say again and again how great and wise our founding fathers were when organizing and building the foundations of this nation. Most believe they were men inspired of God. The principles they revered and built this nation on were not those of big government. In fact, the only way the federal government could seize property was by imminent domain. They certainly should not be allowed to take over a private company such as GM, Chrysler, or even Amtrak. It is blatant economic fascism and the American taxpayer has no choice in whether to support it or not. Taxes are, after all, compulsory.
I know what my patriarchal blessing says and it is not going to be pretty. (I guess that last sentence should go in the Apocalypse thread.)
So much shuffling of deck chairs on the titanic. Power grabs and more power grabs. That's what all the economic, political, health care and foreign policy stuff is about. Even the foreign stuff is a big time power grab. things start to dissolve the way they were and everyone has a justification for tearing away and claiming their own slab. Politicians talk about 'got to do this now!' and 'this and this is vital to that and that'
If there's any criticism they quickly thrash back that it's been done horribly previously, as if one's upbringing justified them doing worse to their children.
More of the poison to cure the bite, yet they forget that anti-venom has to be processed to become anti-venom. walking into the pit of vipers is not going to change the result of the first bite.
But no one wants to know or see or face the truth even now. So few want to understand the realities of the economics of life. It's all a bunch of Pavlovian responses. Go green, be compassionate, give it a chance.
What we collectively merit is what's coming on us both in and out of the Church.
So many talk about justice and equality, that's what's coming.
What we need to do is pray for mercy and turn our hearts to repentance. And we can't well repent collectively if we are not willing and doing so individually.
Dave,
What do you base that on?
Nope, but diplomacy will. ;)
Dan, I'm extrapolating from the sad fate of most government corporations. If it turns out otherwise, I'll be surprised but very pleased.
Dave,
Can you give examples of government corporations that "never made money" outside of Amtrak (I only say this because Amtrak's business model and environment simply do not allow it to be profitable, requiring government subsidies to survive).
Dan, Europe is littered with such companies. The track record is thinner in the US only because state capitalism is so new to America (since Jan. 20, 2009). I'm sure we'll have a longer list by 2012. Like I said, if we don't, I'll be surprised but pleased.
Dave,
Please, I'm curious for specifics. You mention european companies. Which ones are not profitable?
I'm still curious for those examples Dave. If you can't find any, I understand.
You can read your own economic history, Dan. It's obvious we view things differently -- as for the outcome of Obama's move toward state capitalism, we can just wait a few years and see where it gets us. If GM and Chrysler return to private ownership and profitability, I'll be the first to cheer. If they turn into the next Amtrak, we'll all be the poorer for it.
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