Government "help" to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off.The governments hands were kept off, and look what happened. This shortened 60 minutes piece on hard working Americans 401k losses was the result of Ayn Rand’s “government can be of service to national prosperity is by keeping its hands off” approach.
This fluff piece in the Milwaukee Jounrnal Senitinal highlighted Ryan’s support of the Wall Street bailout but never mentioned how he thumbed his nose at the auto workers in his own district who are now unemployed. A blue collar bailout? Are you kidding. Not in the world of Ayn Randers.
What happened to the peoples 401k’s in the 60 Minutes video clip would have happened to their privatized Social Security accounts. Ryan has no problem watching people own their own monetary losses. But then, no one ever said they were guaranteed a return on their investment.
He also brings a deep philosophical attachment to market capitalism and "supply-side" economics - a world view shaped by such icons of individualism and free enterprise as Ayn Rand, Milton Friedman and Friedrich Hayek.
"The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand," Ryan said at a D.C. gathering four years ago honoring the author of "Atlas Shrugged" and "The Fountainhead."
At the Rand celebration he spoke at in 2005, Ryan invoked the central theme of Rand's writings when he told his audience that, "Almost every fight we are is a fight that usually comes down to . . . involved in here on Capitol Hill one conflict - individualism versus collectivism." In that struggle, Ryan argued that shifting Social Security (which he called a "collectivist system") toward personal investment accounts was not only good policy, but would change the political landscape, according to a recording of the event made by its host, The Atlas Society.
"If we actually accomplish this goal of personalizing Social Security, think of what we will accomplish. Every worker, every laborer in America will not only be a laborer but a capitalist. They will be an owner of society. that many more people in America who are not going to listen to the likes of Dick Gephardt and Nancy Pelosi, Ted Kennedy, the collectivist, class-warfare-breathing demagogues," said Ryan.