Warning: This blog is political in nature.

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Thursday, May 7, 2009

Government running our businesses

The government is insistent on taking over the banks. They started by loaning the TARP/bailout money to the banks. They they changed that to preferred stocks - some more risk than bonded loans, but still higher in the food chain. Now the government wants to change it to common stock. You know, the stuff that becomes worthless in bankruptcy? Why? Because common stock is VOTING stock! The government wants to tell the banks exactly what to do! (They also get four of nine directors of Chrysler. with the UAW getting one and Canada getting one, totalling six of the nine directors.)

Since when has the government been any good at running a business? Just look at the Postal Service. They keep raising rates all the time. They are slow, and they lose a lot of mail. They don't guarantee their service unless you get the highest (most expensive) options. The major competitors at least guarantee they won't lose your stuff - and they offer tracking included at no extra charge. But they AREN'T ALLOWED to handle non-priority letters! The government knows it's doing such a bad job that it won't let others compete!

Keep the government's hands off of businesses!

FYI on a label I used.
Fascism: One of the major components is the government telling businesses what to do even while those businesses maintain the fascade of being private. Communism includes when those businesses are directly government-owned. Look it up.

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