Got up this morning and read that Rick Wagoner has resigned from GM, at the request of the Obama administration. Then a little later I read that Obama has put on hold any bailout money for GM or Chrysler until they come up with a viable business plan. So the govt has made a private company’s CEO resign. Now if they don’t submit a plan that is to their liking, I.E. a Govt approved plan, then they wont get any more bailout money. Now without even looking at the incompetence level of the govt and knowing that a govt approved plan is just a recipe for disaster, lets just look at the power they just gave the govt. That just sounds kinda dangerous to me.
I wrote a while back on my blog about charity. When you give charity you become somewhat responsible for the recipient of your charity, to make sure that it’s used in what you perceive to be the right way. The companies that stepped up to the govt and asked to be put on the dole, i.e. given charity, are now having to reap that “reward”. They have put themselves in a place where they are now being claimed by the govt, and to a certain extent the govt is right in doing so. I just wish someone in the govt would have stood up when they all came running to get bailout money and proclaimed in no uncertain terms that “if you ask the federal govt for a bailout then you are relinquishing the right to self governance. You are giving up, TO THE GOVT, the right to make your own decisions for your business. Once you give it up don’t expect to ever get it back.” I wonder if these companies would have been so quick to come to the feed trough if it was put to them in those terms?
Now, the stock market gets up this morning, looks at what the govt made Rick Wagoner do, see that they still didn’t get any more money, there is lots of unrest in the preparation for the G20 summit. I wonder what the market will do today??? I’ve got a good idea, how about you?
April 1, 2009 at 2:58 pm
Lets put another very valid spin on it (by the way, you are right).
Lets look at the STATES dependence on Federal money. There was a time the states wanted to be independent, now they all clamor for the federal dollar. Why? Because they have grown DEPENDENT on it. Now the Feds can start demanding this and that…they can start (ok, continue) using that money as ransom to get their way and broaden their rule.
Its pretty basic. The more money spent, the more power and control is gained. Whether it be government spending, insurance companies, or special interest groups. Once someone takes your money they become dependent, reliant and addicted to it.
Speaking of that…how much is the govt going to cry once the tobacco money dries up from the consistent tax increases?
The more I look at it, the more I see another rebellion coming in America. Government is out of control and the only way out at this point is a visionary leader (who has yet to step to the front) or revolution.
April 1, 2009 at 3:34 pm
You’re absolutely right in regards to the dependency of states on the feds. The trouble is the leaders of the states have lost the spirit of independence, the basis of our society.
A rebellion would come about so that we as a society can remain independent. I’m still not sure if there are enough people in this country that have that spirit of independence. I think we all have the desire to be independent but I’m not convinced that there are enough people in this country that are willing to do the hard work and make the necessary sacrifices that are necessary to be independent. The lack of desire for independence is what has gotten us to this point I believe. Hopefully people will wake up and see the error in becoming dependent on the govt for everything but I wouldn’t hold my breath.
April 1, 2009 at 4:07 pm
Theres not enough people yet because it hasnt got bad enough yet. Dont worry, it’ll get there.
Look at history. It is always the most beaten down masses that rise up and take over. We dont have that yet, we are just on that path.
I truly believe a leader who would take over and make the right choices could turn this around, but him getting into power is the problem. Charisma wins over reality in this society. You cant win an election telling people you are taking things away from them.
This must be why parents arent elected. All those decisions we make in our kids best interests would get us impeached in no time. Maybe thats something to think about?