A Quote by Thomas Friedman
Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve of the birth of eBay.
Related Quotes
If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.
Governor Romney supported the bailout of Wall Street and decided not to support the bailout of Detroit.
Stopping new illegal immigration - preventing the effects that will have on our schools, on our hospitals, on our welfare system, on our wage earners - will save taxpayers hundreds of billions of dollars.
Imagine how differently American business would function were our faith in the power of goodness to replace our faith in the power of money. Huge industries would no longer make billions of dollars on activities that diminish the well-being and safety of our children, our health, and our environment, on the pretext that it's "just business." To put money before goodness is idolatry, and the laws of the universe ensure that in the end all idols will fall.
Some taxpayers may object to a print journalism bailout on the grounds that it mostly benefits the liberal elite. And we can't blame taxpayers for being reluctant to subsidize the reportorial careers of J-school twerps who should have joined the Peace Corps and gone to Africa to 'speak truth to power' to Robert Mugabe.
I want to record many albums, have a healthy record label with talented artists, keep building my publishing catalogue, and maintain our culture with good music that will be remembered for years to come.
Microsoft loves losing money with online services, so this should stay free forever... unless they get a new CEO who isn't crazy about pouring billions into a hole.
America is stagnant. We've lost our jobs. We've lost our businesses. We're not making things anymore, relatively speaking. Our product is pouring in from China, pouring in from Vietnam, pouring in from all over the world.
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
Billions of taxpayers' money has been wasted in bad deals. The London Underground modernisation, personally negotiated by one of Gordon Brown's team, was a disaster, as the National Audit Office has confirmed.
Taxpayers across the U.S. have invested hundreds of billions of dollars building our nation's infrastructure, and that investment should be protected.
We're calling for that bailout for young people in order to jumpstart the economy of our future.
According to the National Academy of Sciences, our current immigration system costs America's taxpayers many billions of dollars a year.
Jay and I used to talk about this: we never had a goal of making a lot of money. We had a goal of having a business of our own. And there were many times we could have sold out and had a lot of money. Billions. We just put it in our pocket and go home, OK? But that was never our goal.
All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.
Real cities have something else, some individual bony structure under the muck. Los Angeles has Hollywood -- and hates it. It ought to consider itself damn lucky. Without Hollywood it would be a mail order city. Everything in the catalogue you could get better somewhere else.
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