So Ford Wants Government Money After All
Published: July 10th, 2010
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Wasn’t Ford proud of not having stuffed themselves from the Great American Bailout Buffet? That didn’t stop them from (quietly) asking the Germans for money. And the answer is …
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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"Government Money" shows just how far we've slid into socialism. There is no such thing as Government Money ladies and gents, it's OUR money that's getting tossed around. We have veered so far away from real capitalism that it's becoming almost a joke.
Yawn. Pure Capitalism only works in a vacuum occupied only by the capitalists making money off each other. This line that we've become socialists is just so much tea party clap trap. Even the man himself, Ron Paul, will concede that some regulation, as little as it may be and where constitutionally appropriate, is not a bad thing. And Bert, the title of this article is way misleading.
Tea party clap-trap? Not me pal, I'm non-denominational. I would just love to see this country abide by it's own constitution. It seems to me the first 100 years of "pure capitalism" in this country was a bit more successful than the Soviet's first 100 years of socialism.
Meaning that you consider your understanding of the Constitution superior to that of the Roberts-led Supreme Court? I think a dose of modesty might be in order. And meaning that the second 100 years of "impure capitalism"--ie, the century after the Civil War, when the US rose to be the world's greatest economic and military power--was not so successful? I think a dose of history might be in order as well. The first century of US economic development was not all peaches and cream, and not devoid of wrenching debates about the proper role of government in directing the economy. For instance: http://en.wikipedia.org/wiki/Panic_of_1837 Finally, the headline "company wants government money" is about as surprising and meaningful as "homeowner wants tax deduction for mortgage payments" or "college kid wants federal student loans." BOR-ing.