Sunday, May 17, 2009

Another Industry Socialized and Yet another lesson for the G.O.P.

Yet another industry falls victim to government socialization and take over with the the government now qualifying at least six major insurance companies to receive assistance under its T.A.R.P. (Troubled Asset Relief Program). Just as it has done with the banks, with A.I.G., with the auto companies, the government under the guidance of tax-evading Treasury Secretary Geithner and our Messiah Barack Hussein Obama will now take a vested interest in another industry. See today's article: http://www.washingtonpost.com/wp-dyn/content/article/2009/05/14/AR2009051403866_pf.html

We have two thoughts here and they also pertain to the rebuilding of the GOP.
  1. Our government shouldn't be in the business of saving any industry and particularly in the business of deciding which ones are big enough or worthy enough of salvation. The free markets have done that pretty well over the last two hundred some years.
  2. Any government ownership in a business that it also regulates (all of the aforementioned) is simply a conflict of interest that no responsibly run business or organization would tolerate from members of its board or potential owners.

1 comment:

Anonymous said...

The federal government does not regulate the business of insurance. The states do...for now.