When does bailout fatigue start again?

By Steve Collier, Colorado Springs

So when does bailout fatigue start again?

Holy cow, it’s happening all over again and we’re just watching it go by like a maple leaf in the wind. Billions and billions more to GM and Chrysler. And, now the federal government has the ability to tell manufacturing companies who will lead the company and who its board of directors will be.

Now, in most cases when a company restructures under Chapter 11 bankruptcy laws, the new firm coming in to fund the company (traditionally a big Wall Street bank or financier) gets to decide who stays and who goes. Now in this case we are in VERY murky water. The U.S. taxpayer is now the financier, and it gets to make decisions for the industry. Wait a sec... the government is directing the actions of a private industry. Folks, if you haven’t opened your eyes yet, that is in it’s very basic form SOCIALISM!

In 1981, after Pres. Ronald Reagan took the highest office in the land with unemployment numbers past the double digit mark and an inflation rate that would stagger the mind today, did Reagan come in and bailout the companies struggling to get by? Did he bailout U.S. Steel as it struggled to survive in the gray cityscape of Pittsburgh? No...Reagan simply did this: he believed in the American people and that government was not the solution to our problems, rather, government is the problem.

I have news for you.. it’s okay to go into a Recession. It happens all the time in our cycle of capitalism. Do we all think it’s gumdrops, rainbows and unicorns all the time? Our successes are successes because of the failures they overcame. Every time we experience a setback in our Nation, we confront it head on (abolishing slavery, women’s suffrage and the Civil Rights movement) and come out stronger than before. There is never a need for a government handout... Americans aren’t controlled by any force; no, for each and everyone of us we are the products of a manifest destiny. I mean, we have private industry beginning a space tourism business. WE... AMERICANS! Only in our great Nation could we ever achieve such wonderment.

No, America does not need a bailout.... Government should step aside (lower taxation, proper regulation of the markets, keep the trains on time, make sure we have good roads and a good defense then GET OUT OF THE WAY!) The more and more control we succeed to government, we will truly be owned by the system. That’s like bringing a lion out of the jungle and into captivity. The spirit, the will dies a slow death. Until the lion is nothing more than a walking zombie, only a glimpse of its former self. I for one, as you, will never accept this.