Sunday, January 4, 2009
Socialism running rampant
A recent quote by a senior regulatory expert at the Heritage Foundation caught my eye. The reason for my interest was because of President Bush's bailout of the auto industry. The expert, James Gattuso, said, "we've always had a free market economy, which means that companies rise and fall based upon what consumers say they want and how well [companies] manufacture a product without the government choosing who should win and who should lose in the marketplace." Gattuso also believes that the President was flaunting the law when he gave the money to the auto industry because the money came from the Troubled Asset Relief Program (TARP) that was specifically approved by Congress to aid only financial institutions. I agree with Gattuso, how the heck is GM and Chrysler financial companies? They're not! Much of the trouble that GM/Chrysler find themselves in is due to their own making, and Congress is as much to blame as the companies are. Congress continually put into force laws that told the automakers exactly what they had to include in their manufacturing process and now the companies are paying the price. Who is there to bail them out? Congress of course! There are two really scary parts to this entire fiasco. First, the major media is going right along with Congress and the President by telling America that it is necessary for us to foot the bill. Second, the government is purchasing company stock making government major shareholders. Does anyone else besides me see anything wrong with this scenario? I never thought our country would have to face this type of crisis, and that we citizens would remain silent as government officials literally take over our lives. It is really scary! When you hear those who we voted into office say they want to 'socialize' the oil industry, put the coal companies out of business, buy banks and auto companies, something is really, really wrong. If we are silent about this, then we will deserve everything we get (or don't get as the case may be). It is my hope you readers will think about this, its our country, let's stand up to those who would take it from us!
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2 comments:
Couldn't agree more! People just want toshut their eyes and go along with business as usual. The problem is, what do we do? I have written to our legislators several times. They are going to do what the want, regardless of what the people want. Except for not voting for them, I'm at a loss.
We meed to find all the like minded people, band together and have our voices heard. One way to do that is by forwarding these blogs to all those who you think might be interested. That is one reason why I'm trying to get people to read them. Thank you.
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