If we don't remove corporate money from politics, then the country will end up being run by corporations, he said. The whole point of government is to do what the people want, not what the corporations want.
We need to rebuild our engine of economic opportunity not just because it's the right thing to do, but because America is at its strongest when it is powered by a vibrant middle class. A vibrant middle class provides an infrastructure of opportunity for all Americans: good paying jobs, educational advancement and above all else, hope and economic security for future generations.
The first step we can take is to stop wasteful spending and ensure that tax dollars are being used smartly and efficiently. And before we even discuss cutting benefits or raising taxes, we should ensure that we all pay our fair share in taxes, including corporations that dodge their tax responsibilities.
ROMNEY: Let's go back to the auto industry in 2008. The three CEOs of the three major auto companies got in their private planes and flew to Washington and said, please write us a check. I think they wanted $50 billion. And I wrote an Op-Ed and said, absolutely not. These companies need to go through a managed bankruptcy, just like other industries have. And if they shed the excessive cost that's been put on them by the UAW and by their own mismanagement, then if they need help coming out of bankruptcy, the government can provide guarantees. No way would we allow the auto industry in America to totally implode and disappear. With TARP, there were some pretty high risks that not just Wall Street banks, but all banks would collapse
PAUL: First, I don't like the idea that you have good bailouts and bad bailouts. If bailouts are bad, they're bad, and we shouldn't be doing it. But this argument about maybe one that works, you know, the bailing out of GM worked, that's sort of like if a criminal goes out and robs a bank, and he's successful, therefore you endorse what he did, because he's successful. The government is supposed to protect contracts. They're not supposed to regulate contracts and they're not supposed to undermine contracts. And that's what we've been doing. A lot of people will accuse me of advocating a free market, that there's no regulations. Actually, the regulations are tougher, because you have to go through bankruptcy. And it isn't like General Motors would be destroyed. There were good parts of General Motors. But politicians can't figure this out.
|2016 Presidential contenders on Corporations:|
Mayor Rahm Emanuel(IL)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
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