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  • Originally posted by daCat View Post

    I have no idea what prompted this bullshit.

    I have nothing for China but a giant raspberry.

    And as far as more government corporate welfare to chip companies. I'm sure a name change is in order for Solyndra.
    The loan program that lost money on Solyndra ended up being profitable in the end because all of the other loans were repaid with interest.

    Big Brain daCat is like a bank boss who fires a loan officer who is making the bank a lot of money because one of the hundreds of loans he wrote defaulted while all of the others were profitable. In daCat's mind, capitalism means that you never take on a loss.

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    • Originally posted by DPR View Post

      The loan program that lost money on Solyndra ended up being profitable in the end because all of the other loans were repaid with interest.

      Big Brain daCat is like a bank boss who fires a loan officer who is making the bank a lot of money because one of the hundreds of loans he wrote defaulted while all of the others were profitable. In daCat's mind, capitalism means that you never take on a loss.
      Modern capitalism as far as I can tell seems to be about accumulating as many wins and losses as you can in hopes that the former offsets the latter. As long as a corporation has enough cash flow, it can stay afloat almost indefinitely, even if their entire business model is broken.

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      • Originally posted by tOSUfanboi2 View Post

        Modern capitalism as far as I can tell seems to be about accumulating as many wins and losses as you can in hopes that the former offsets the latter. As long as a corporation has enough cash flow, it can stay afloat almost indefinitely, even if their entire business model is broken.
        Modern capitalism is about socializing losses and privatizing gains.

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        • Originally posted by tOSUfanboi2 View Post

          Modern capitalism as far as I can tell seems to be about accumulating as many wins and losses as you can in hopes that the former offsets the latter. As long as a corporation has enough cash flow, it can stay afloat almost indefinitely, even if their entire business model is broken.
          Yes, which is why the criticism of the DoE loan program from supposed free-market capitalists is so fucking stupid.

          If that DoE loan program was done by a bank, that bank executive would be on the cover of Forbes billed as a business genius.

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          • Originally posted by daCat View Post
            I was saving that for the political corruption in the Big Pharma thread. Would this also be a good place to bring up the Clinton's Haitian aid corruption?

            Maybe John McCain's connection with the building and loan fiasco?

            Or the Enron debacle?

            the list is never ending.
            What was Clinton's Haitian aid scam?

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            • Well… another, bipartisan congressional committee is now visiting Taiwan. What nefarious scheme is behind this round?

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              • Originally posted by Deschet View Post
                Well… another, bipartisan congressional committee is now visiting Taiwan. What nefarious scheme is behind this round?
                Pelosi's husband put them up to it.

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                • If they really had some balls they'd visit Ukraine.

                  Take a couple of selfies with Zelensky holding AR's, while standing in front of a drone.

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                  • Originally posted by FuqMizzou View Post
                    If they really had some balls they'd visit Ukraine.

                    Take a couple of selfies with Zelensky holding AR's, while standing in front of a drone.
                    Nancy Pelosi did go to Ukraine.

                    Mitch and Kev haven't yet because they came out in support of Russia and even if they went Zelinsky would send the local dog catcher to greet them at Kiev train station

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