Rand Paul Quotes
We should not have the U.S. government buying stock in American industries - the financial industry or any other industry.
Paul, Rand. "Interview on Fox News Sunday." Fox News, 21 Feb. 2010.
While Murphy may have believe this, his company would profit immensely of Chrysler would fail. 28 years later it was General Motors that required the bailout that was much larger than the Chrysler one. The GM executives had gotten over their philosophical objections.
Previous governments had attempted to privatize the economy and sold off many of the nationally owned enterprises. Morales, a socialist, began reversing the cycle and “nationalized” the natural gas supply which is plentiful. Bolivia had been getting a very small percentage compared with world standards and Morales renegotiated the percentage for the government, but left the management in private hands. So in that sense he did not “nationalize” the hydrocarbons. The Bolivian mines represented another problem entirely. For years, featherbedding had created tens of thousands of unnecessary jobs for the mining, nut necessary to the people who were employed and the economy. But private operators always wanted to reduce the number of workers to only what was needed. So the nationalization problem was to increase the productivity of the Bolivian mines, maintain the exports of the mined products and maintain the employment---a difficult balancing act.
The first part of this quotation has defined the attitude of most Americans towards private enterprise and government since then. The second part of the quotation—the undesirability of public ownership of railroads has given way to the modern problem that no passenger railroad can be operated profitably by anyone—private or public. So Roosevelt’s “far-reaching disaster” was finally complete with the Federal Government taking over responsibility for Amtrack.
Ironically the far right wing Fascists and the far left wing Communists agreed on this point: nationalization.
Churchill and Labor Leader Clement Attlee found themselves at adjoining urinals during a break in a political event.
Churchill detested Attlee both personally and for his political philosophy which was left wing especially favoring government nationalization of all large industry and business. Churchill walked into the very large men’s room and saw Attlee at a urinal and one end. Churchill, setting Attlee up, walked all the way to the other end of the row of urinals and began to use one there. Attlee commented that Churchill was appearing very standoffish to be urinating so far away. Churchill, then let loose with this repartee. See {620650} for another put down of Attlee.
Randal Howard Paul is an American physician and politician serving as the junior United States Senator from Kentucky since 2011. He is the son of former three-time presidential candidate and twelve-term U.S. Representative of Texas, Ron Paul.
