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Rand Paul To Energy Secretary Chu: "Why Are We Giving $500M Loan To A Billionaire?"

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posted on Mar, 14 2012 @ 09:11 PM
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Many people on the left, and sometimes the right, want the rich to pay more taxes
What they don't realize is that it's simple math
Way more revenue and massive profits.... a little more tax means nothing.

This is something that some people will just never get, basic arithmetic

The market should choose who is successful or not, not govt

End these god damn regulations, stop subsiziding rich people but then saying "tax them more"
I'm all for rich people getting richer through hard work and intelligent decisions
But not through having friends in high places.




posted on Mar, 14 2012 @ 09:55 PM
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How did Rand Paul get into office? What a joke! He is obviously unqualified to be a legislator.

Asking sensible questions like that? This must be a parody by The Onion or something.






Sarcasm.



posted on Mar, 14 2012 @ 10:17 PM
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reply to post by ModernAcademia
 


Very good video. Too bad it won't go an farther than an inquiry. Most of Congress and White House cronies know what is best for the taxpayer. Their thought pattern goes something like this. We are doing them a favor by stripping them of their money that they worked so hard for. They would do nothing with it but spend it. Therefore we should spend it for them.. They don't know who is deserving of being extremely wealthy. They would want to keep their own wealth for themselves. The taxpayer definitely isn't deserving. The simply earned it. Just think they might want to keep it. Blasphemy I tell you blasphemy.



posted on Mar, 14 2012 @ 10:55 PM
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Man he killed it on that questioning =]

And he is right....

Something smells like a big pile of crap



posted on Mar, 15 2012 @ 04:41 AM
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Unregulated capitalism doesn't work; it may work in theory, but in practice it creates monopolies and oligarchies which make entrepreneurship and competition practically impossible. Furthermore, money does not outweigh the value of life or our planet. For many businesses, efficiency and profit mean ruthless environmental destruction and exploitation. This destroys ecosystems, killing off entire species, and for what? So some greedy bastard can make a profit?

CONGRATZ BROUGH YOU DID IT YOU ARE RICH!!!!! NEVERMIND YOUR ACTIONS LEAD TO THE EXTINCTION OF VARIOUS SPECIES AND THE EXPLOITATION OF CHINESE AND INDIAN CHILDREN LIVING IN POVERTY, HURR DURR! YOU DID IT MAYN YOU WON DA GAME!!!! ALL DA KIDZ WILL LUUUK UP 2 YOU DAWG!!!!


There is more to life than money; in fact, if you are willing to abandon material wealth, you may find yourself freed of many burdens. Take a hint from Fight Club: The things we own, in turn, own us; we become further enslaved to materialism the more we engage in it. Our species survived for thousands of years through trade; money, and especially fiat money, is a fairly new thing. If we one did without it, we still can do without it.

We're meant to live in small tribes, as per nature. In said tribes there would be groups which manage various operations: hunting, farming, fishing, etc. We're not meant to be slaves to technology. Everything about modern life is absolutely backwards. The sad thing is I doubt we could even return to a simpler way of life if we wanted to.



posted on Mar, 15 2012 @ 04:53 AM
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reply to post by ModernAcademia
 


Wow, I am impressed. He made that guy look like a bumbling idiot.......
Or perhaps more accurately, he just brought the bumbling idiot into the light of day for all to see.

"I don't recall" in politics speak, translated to normal talking = "Yes, but I don't want to admit to that."

edit on Thu, 15 Mar 2012 05:04:14 -0500 by TKDRL because: (no reason given)



posted on Mar, 15 2012 @ 05:02 AM
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reply to post by DestroyDestroyDestroy
 



Unregulated capitalism doesn't work; it may work in theory, but in practice it creates monopolies and oligarchies which make entrepreneurship and competition practically impossible.


Oh geeze please stop repeating this ridiculous lie! There is no such thing as unregulated capitalism in this country. This is favoritism cronyism and fascism by government getting in bed with big corps. In free market capitalism government would not be in this business period and there would be no government loans to politically connected cronies to create the to big to fails. But I digress the fluoride influenced masses already believe the BS that socialism/fascism is capitalism... Sigh!


I don't even know why i am responding to this idiocy anymore the country is lost the masses are stupid brain washed sheep endorsing their oppressors by voting in fake elections and repeating lies they hear or read in media propaganda campaigns and too stupid to know they are stupid and under the influence of flouride and a host of other chemicals and industrial poisons...


It was a nice speech by Rand but it will do nothing precisely for the reasons I state above....



posted on Mar, 15 2012 @ 05:47 AM
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Unregulated capitalism doesn't work, unless you enjoy being a slave. You have no maximum working hours, no minimum wage, no safety rules, no age limits, no pollution controls and on and on and on. People get so caught up on the idea of government tyranny that they forget corporate tyranny is just as bad, if not worse.

Have fun working 80 hours a week, while breathing in benzene all day, for 40 cents an hour with your co-workers being 10 years old.

But hey! at least the government isn't involved right?



posted on Mar, 15 2012 @ 05:47 AM
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that's any easy one to answer. so he can become a multi-billionaire.



posted on Mar, 15 2012 @ 07:11 AM
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They can give me 500 million to keep in my savings account for 6 months, and I'll give them back every cent of that 500 million. Then retire on the interest it generated...whatcha think Gooberment deal?
edit on 15-3-2012 by Darkchemistry because: (no reason given)



posted on Mar, 15 2012 @ 07:59 AM
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Echoing others...unregulated capitalism doesn't work. The problem is not regulations, it's that a lot the regulations we have now are ridiculous. The ones meant to keep us and the environment safe, are largely opted out of by top corporations with dollars. Meanwhile the little guy is stuck complying with things that makes it nearly impossible for some to make enough profit to hire a small staff. Small business really only needs some basic regulations and it shouldn't cost them so much to abide by them. Smarter regulations not none.



posted on Mar, 15 2012 @ 08:58 AM
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better he should wonder -outloud- where does the money go - uhh overseas of course.



posted on Mar, 15 2012 @ 09:09 AM
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Alot of you guys are seriously confused and do not see the big picture because of nothing more than partisan reasons I suspect.

Unregulated Capitalism?
The market regulates itself and does so way more efficiently and faster than regulations ever will.

You want to know what regulations are for?
Regulations are when lobbyists pay politicians for regulating this and that, then the regulations cost so much money that small businesses cannot survive and big business stays in power.

Then those same lobbyists, guess what, they get appointed to hold key seats in those very regulatory bodies that they were lobbying for.
That's what regulated capitalism is, it's crony capitalism.

Wake up people!
It's high time to stop being ridiculous!!!!!!

It is regulations that create monopolies not free market capitalism.
Free market capitalism encourages if not demands competition.



posted on Mar, 15 2012 @ 09:43 AM
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Originally posted by ModernAcademia
Alot of you guys are seriously confused and do not see the big picture because of nothing more than partisan reasons I suspect.

Unregulated Capitalism?
The market regulates itself and does so way more efficiently and faster than regulations ever will.

You want to know what regulations are for?
Regulations are when lobbyists pay politicians for regulating this and that, then the regulations cost so much money that small businesses cannot survive and big business stays in power.

Then those same lobbyists, guess what, they get appointed to hold key seats in those very regulatory bodies that they were lobbying for.
That's what regulated capitalism is, it's crony capitalism.

Wake up people!
It's high time to stop being ridiculous!!!!!!

It is regulations that create monopolies not free market capitalism.
Free market capitalism encourages if not demands competition.


HMMM. Then explain how regulation is causing gas prices to rise when demand has tapered off WORLDWIDE and gasoline is now our biggest import? There should be a regulation to prohibit this.

Free market capitalism only works when the basis of the system is honesty. Might as well shoot for a utopian system if everything is tied to a honesty that does not exist.


edit on 15-3-2012 by sligtlyskeptical because: Gas is the US's biggest Export, not import as i wrote above.



posted on Mar, 15 2012 @ 09:49 AM
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Regulations favor those with the lobbying power, that is no secret. Those in power give away money like there is an endless supply of it to those who help them get elected and then make regulations that favor them while hurting others. It is a cycle that if left unchecked will lead to the destruction of the American way, in a lot of ways it already has given how hard it is to keep a small business afloat because of all the regulations, taxes, licenses, and insurance required to legally run a business.

We need more people like the Pauls in power who are not afraid to call foul when things like this happen. Also it might be a good idea to require all elected officials to take and pass an Economics 101 class upon election.



posted on Mar, 15 2012 @ 10:45 AM
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reply to post by DestroyDestroyDestroy
 


You're smart. Why aren't you an economist?



Rand knocks another one out of the park. I like seeing him make people squirm like that. Especially an Obama lackey.

/TOA



posted on Mar, 15 2012 @ 10:46 AM
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Originally posted by sligtlyskeptical
HMMM. Then explain how regulation is causing gas prices to rise when demand has tapered off WORLDWIDE and gasoline is now our biggest import? There should be a regulation to prohibit this.

Wrong question
Gas prices are not rising, value of the dollar is declining
Plus there's little competition as well

Originally posted by sligtlyskeptical
Free market capitalism only works when the basis of the system is honesty. Might as well shoot for a utopian system if everything is tied to a honesty that does not exist.

Wrong, regulation is based on honesty
It's based on the hopes that regulatory bodies are not corrupt when they are in fact cronies that get key seats in these regulatory bodies.

Have you taken a look at who Obama has been appointing in these regulatory bodies and Czars?
Do some research and see for yourself.



posted on Mar, 15 2012 @ 10:52 AM
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reply to post by RealSpoke
 


It is not unregulated capitalism that I have a problem with, it is unregulated capitalists.

Anyway... Rand Paul is much like his father in the 'ask serious questions when everyone else cowers' department. He and I would not agree much on political, economic, or philosophical issues, but I respect him nonetheless.



posted on Mar, 15 2012 @ 11:01 AM
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Rand Paul: "Have you ever met Robert Kennedy Jr.?"

Sec. Chu: "I don't recall."

How the hell would you not remember if you met RFK Jr? It's yes or no. That one answer makes me really not like that guy and think he's lying about everything else.



posted on Mar, 15 2012 @ 11:03 AM
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In my opinion, the only way a free market with no regulations, as well as a true democracy, could work, is if the majority is extremely informed/educated about everything going on up there, which is asking a lot.

I may not be giving people enough credit, but history doesn't lie.
edit on 15-3-2012 by theshepherd2 because: (no reason given)



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