Tuesday, May 19, 2009

The Government’s Iron Fist

I have a question. If government can’t balance a check book and run itself other than into the ground then why on earth would we believe that they can dictate business practices and take over more and more of the system. I believe these people really believe in themselves and their business savvy. Well, we all know its career politicians, lawyers, public personalities and yes some sharp business people that are in the vast minority in Congress. I can’t rant strong enough to get the point across that our government at Federal, State and Local levels is frankly incompetent and here we are letting them dictate how business is run.

The unprecedented interdiction of the government into our banking system was sorry to say absolutely necessary or we would have had a collapse. However, Obama is driving his fist through massive government expansion into the face of Capitalism. The door has been cast wide open for Obama to spend trillions of dollars to expand government like we have never seen and dictate to private industry what it can and cannot do. Automakers are one example and credit card companies another of late. Is this the price of doing business with the government? Can these government people help or hurt the industry and companies they are “bailing out”.

Well bailing out is interesting when you are sinking in a boat. Many industries should be left to drown anyway. But you can bail out and bail out the water but replacing it with an anchor will make it sink faster. Here we go with a huge anchor to be put around the auto industry’s neck. It is good to wean off of oil and help the environment but do we really think overhauling the manufacturing of cars is going to help a dying breed. Don’t you think all of the competitors will get there first anyway? You bet they will! Plus who is buying cars these days and how can the big three survive when they can’t push out more cars to dealers and consumers in the interim. That’s right it’s a sinking ship weighted down and the rats are going along for the ride.

We see all the union and auto execs joining that BS show on TV drummed up by the political branding people. Horrifying. They have to look happy and eat crow because the government has their foot on their neck. Why do you think there is a rush to not take government money? Banks, Insurance companies and any that see the government as toxic. The capitalists will do anything not to be in business with these people and certainly I wouldn’t want a business partner that is insane. Would you?

The good the bad and the ugly is coming our way and will keep coming as long as this administration spends us into bankruptcy and tries to mold capitalism into the same mess the government is in.

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