Thursday, April 16, 2009
Government Bail Outs
I listen to the radio news, so I get snippets of what is going on, but not enough to figure out if I agree or disagree with what is going on. Please share information about the recent government bailouts. Sharing opinions is okay, too, but please keep it nice and preferably back up your opinion with some hard evidence to support it.
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The two most inefficient organizations are 1. government and 2. big business gone bad
ReplyDeleteHow can the most inefficient organization help the second-most inefficient organization?
If a company is going down, let it go down. It will create a void and something better will arise. That is a basic fact of capitalism.
By bailing out these organization the government is only causing more long-term harm for a little bit of short-term gain. The same can be said of the stimulus package.
Interesting things in the news today. Obama reaches his 100 day mark as President of the United States of America on April 29, 2009. He appeared on the front cover of Time Magazine as they cover his appearance at Georgetown University. He gave a lengthy speach about what he and his administration have accomplished in the past 100 days as rulers of the country.
ReplyDeleteSee: http://www.time.com/time/politics/article/0,8599,1893277,00.html
Then this other news group, The Hill, publishes a quiet article about how the Obama administration is trying to take over the American Banking system.
see: http://thehill.com/dick-morris/obamas-leap-to-socialism-2009-04-21.html
The NYTimes article reporting on the national bank take-over is found here: http://www.nytimes.com/2009/04/20/business/20bailout.html
Big government getting bigger. In the 100 days Times report, Obama states that he is changing America's foundation from sand to rock. Looks to me like he's just pouring concrete on top of the beach and building on it. My fear is not that America's infrastructure will fail. My fear is that America will become dependent on an infrastructure created by government instead of one created by the people.
This is a pattern seen throughout history. A major leader gains power by making the people believe that he is increasing their freedoms, when in actuality he is granting temporary freedoms in return for long-term restrictions and enslavement. That is a proven consequence of debt, and all of these large American companies are being forced into greater debt.
Many call this socialism. Let me provide the dictionary definition of socialism.
Socialism: a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
The "community as a whole" refers to a large central government. In modern times, that means a large central government run by men. "We have learned by sad experince that it is the nature and disposition of almost all men, as soon as they get a little authority... they will immediatly begin to exercise unrighteous dominion" (D&C121)
So a socialist society consists of a central government of men exercising unrighteous dominion who directly control the economy. What he have today is a lare central government that is getting larger and beginning to exercise greater and more direct control over our national economy.