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Debate Info

17
7
Yup, Duh what else Nope, that's life
Debate Score:24
Arguments:16
Total Votes:27
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 Yup, Duh what else (9)
 
 Nope, that's life (7)

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Classic Case of Crony Capitalism....Government choosing the losers... Carbon Motors

Yup, Duh what else

Side Score: 17
VS.

Nope, that's life

Side Score: 7

The omnipotent and omniscient government is here to the rescue, it proudly picks winners and losers, and in this case, sorry that is State Run Capitalism.

Side: Yup, Duh what else
1 point

To say that it's blatant favoritism might be going too far just because that's something we can't really prove.

HOWEVER, be it favoritism or not, we can at least still see that it is wrong when government has the ability to choose losers in a situation like this.

Government should not be given this power.

Side: Yup, Duh what else
1 point

I'm not sure you even read the article you're complaining about.

This is a private auto manufacturer that wants a $310 million government loan to build a police car that, according to one authority quoted in the Fox News article linked to the one you cited up-top, "makes no sense" and probably isn't a good use of taxpayer money in the first place. What's more, according to the source you cited, the big reason they didn't get the loan is that the government doesn't think there's a "reasonable chance" that the auto manufacturer would ever pay back the loan.

From the article you referred us all to:

"When Energy Secretary Steven Chu visited Indianapolis on Monday, he told reporters that the department wanted to go forward with the loan but that it has 'a responsibility to the taxpayers and they need to make sure it’s written in the statute that there's a reasonable chance of repayment.'"

So how is it "crony capitalism" when the government decides not to approve a $310 million dollar loan to a private auto manufacturer, in the middle of the worst recession in decades, because the government thinks there should be at least a "reasonable chance" that the loan will get repaid?

Side: Nope, that's life
3 points

I'm not sure you even read the article you're complaining about.

Oh, please, get that weak shit out of here.

That is the whole point of crony capitalism, the government decides who wins and loses.

This same governmental Department of Energy loaned $535 million to Solyandra.

Where was the responsibility owned to the taxpayers on whether there's a reasonable chance of repayment? YET, Solyandra failed epically and filed for bankrupty.

The key difference is POLITICAL FAVORS. Solyndra made many friends in the Obama Administration while Carbon Motors obviously not. In the case of Solyandra, loaning $535 million was no risk at all.

The government shouldn't be giving out loans to anybody, that is the responsibility of banks.

Side: Yup, Duh what else
Banshee(288) Disputed
1 point

You really didn't read it, did you?

Read the things you cite to before you post. You just look like an idiot otherwise.

"The government decides who wins and who loses"? We're talking about a loan from the Department of Energy, so yeah, I'd imagine that the Department of Energy does decide who can and can't have the Department's money. Um -- duh.

You must actually provide some evidence that the government acted out of favoritism to prove your point. So far, the only source you have says that the government refused the loan because they don't think it's likely to get paid back. Find some evidence to support your argument. So far you have presented no evidence -- you're just ranting.

Side: Nope, that's life