Government In Business With Private Commerce?
President Bush and his administration plan for “The Bailout” is taking shape. The 700 billion dollar financial rescue as congress is still working out the details. The Senate Democrats proposal is for our Government to hold ownership in the companies they are Bailing out. A provision being offered by the Senate Banking Committee Chairman Christopher Dodd, who by the way is a Democrat would require companies who sell assets to Uncle Sam to give the government shares in that company. In a nutshell the plan is for the government to buy up assets and then sell them at a profit.
I as a citizen of this country have a few questions and concerns of my own that I have not seen as addressed.
- Why is our Government willing to help the big businesses out like this while ignoring the rest of the population? Where is the government when small businesses are in trouble? If the government is so willing to help out big business, where are they when the mom and pop family businesses are having hard times such as the trucking companies when fuel prices went crazy? Where were they when the lumber companies were having hard times?
- My next question is since when was our government a for profit agency? Are we to be led into a situation where we are paying our mortgages to the government. I believe this is closely approaching socialism. Our government in my humble opinion has no business interfering with private commerce. This is a capitalistic society where we are free to conduct business. What will happen to our laws and more importantly our lawmakers and politicians when the government is intermingled in private business?
For more on this subject here are some terrific links:
http://money.cnn.com/2008/09/19/news/economy/will_it_work/index.htm?postversion=2008091914
http://money.cnn.com/2008/09/20/news/economy/bailout_proposal/index.htm?postversion=2008092109
http://www.tdn.com/articles/2008/09/22/ap/business/d93bsa3g8.txt
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