Michelle Malkin reports that our government has decided to spend even more of OUR money (remember, the government doesn’t have any money of it’s own…ALL of their money comes out of our pockets) to bail out another failed business.
This time it’s Citicorp.
A bailout to the tune of somewhere in the neighborhood of ~$325 billion. It’s a really nice neighborhood…
I’ve made the point before — but the goal of the current brand of liberal/progressive anti-free market economics that is gripping our country and our economy is to ensure that nobody has the right to succeed.
Or to fail.
And frankly, some businesses — no matter how big or how long they’ve been around — deserve to fail. Like the Big 3 automakers. If anybody had earned the right to fail, they have.
If you believe that bad businesses should be allowed to fail (so that better businesses can fill their void), don’t just sit there:
Now, more than ever, it is time to roll back the bailout. Call your Senator and tell them to support GOP Sen. Jim Inhofe’s S. 3683
Because it’s just going to keep snowballing. Every failing or struggling industry is going to have their hand out for a handout. Even our own government doesn’t know how big it’s going to be.
And they don’t care. Because — again — it’s NOT THEIR MONEY that they are forking out. It’s your money. And my money.
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Bill Kristol has a must read piece in today’s New York Times about the guessing game of giving away OUR money. He concludes with:
During his two years on the campaign trail, Barack Obama has often cited Abraham Lincoln. Well, it turns out Obama could be taking over the presidency at something more closely resembling (though still far short of) a Lincolnian moment than one would have expected. And it was Lincoln who wrote, in his second annual message to Congress, in December 1862: “The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew, and act anew. We must disenthrall ourselves, and then we shall save our country.”
I’ve worked in government. It’s hard to do much thinking there at all, let alone thinking anew. But Obama and his team will have to think anew, and those on the outside who wish to help will have to think anew too, if we’re to have a chance of rising to this daunting occasion.
Web Reconnaissance for 11/24/2008…
A short recon of what?s out there that might draw your attention, updated throughout the day…so check back often….
If you check the philosphy of Marx in the tenets of of Communism, you will find that the Marxist theory was if you own the financial, transportation and health industries, then you controll the entire government.
The nationalization of the finance industry is almost complete. The transportation industry is next and then all that is left is the health industry. All facets of our lives will then be controlled by the government because all facets of our lives are controlled by the finance industry and the transportation industry. We will then all be good little proletariates to the politburo who decides how wealth, health care and all other facets of your life is distributed.
Be afraid, be very afraid.
I could not agree more with either Robbie, or Retire05. Obama HAS to bailout the Auto Makers, the UNIONS need them to survive, and are THE reason that the big three are struggleing.
At $2000.00 bucks before the first two pieces are stuck together it is a wonder they could sell one “American” vehicle between them.
Let them fail, and cover the unions with thier rotten corpses. Pay the workers a wage that makes sense, and invest in R&D.
BUT FIRST…. We need some indictments in this Mortgage mess…
Wayne, you can kiss those endictments goodby. Barney Frank would be called to testify and the Dems can’t very well blame this on the Pres if Franks is singing like a yellow canary on the stand. Also called to the stand would be Barney’s boyfried who wrote the regulations for Fannie and Freddie requiring them to adhere to the CRA on steroids.
As to the Big 3, force the management to leave (they don’t have any cajones anyway) and put the UAW in charge. BAM! Six months later, the Big 3 are gone, the Union has no one to blame and you will have 1 mil pissed off union members looking for someone to lynch.