Is it just me or what is going on with our country. We have a new president with essentially house and senate majorities. This administration is rapidly placing governmental tentacles into as many private businesses as possible. Once they dole out this money to these companies it doesn't take long for the president to start telling the CEO's how to run their company. Not bad for someone who has minimal if any experience in a private sector job. I believe the top dog in our country has pretty much benefited from money confiscated from taxing We the People.
How is it these private businesses actually take government money in the first place? The only reason I can come up with is their business is in such financial disarray they are unable to get it through normal channels, banks or individuals buying their stock. The only reason I see why they are unable to get the money is their P&L statement is not looking so good. Well instead of taking money from We the People for a so called "bailout" maybe they need to reorganize their companies so they are profitable. If they are unable to do that they need to go out of business. It's as simple as that.
What sense does it make to give money to a company that has poor management and losing money? Why should you and I give them our hard earned money? So people are asking the question, "Who determines who gets bailout money and who doesn't?" Not such a bad question on the surface, however this question in a capitalistic society should never even be considered. Infusing We the People's money into private businesses by government mandate is socialism not capitalism. Infusing We the People's money into private businesses by our own choice through buying stocks or direct investing in companies is capitalism.
If We the People don't like our investment we sell and pull out. If we are looking at a business, take the car industry for example, and thinking of investing in it and see it is a sinking ship why would we take the risk? We wouldn't! But in a socialistic state we have no choice. Socialism keeps poorly run companies running at the expense of profitable companies ultimately ruining all companies by taking competition out of the marketplace.
The USA was founded on capitalism and free markets. Let's wake up people and vote these incompetents out of office be they democrats or republicans. If they are supporting socialistic ideas they have no business representing We the People!
Tuesday, February 24, 2009
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