It is official, General Motors has declared bankruptcy and when restructured the US government will own 60% of the company. Of course General Motors and Barack Obama are defending this saying that it makes a GM vehicle a better choice because your warranty will be backed by the US government. One thing not being brought out is the constitutional ground for such an unprecedented action. There is nothing in the Constitution that permits the US government to invest in any business in this way. Think about it, the largest American auto maker is largely government owned.
This morning on the radio I heard an announcement that really irked me. Yes, it irked me. The announcer was reporting that gas prices were rising around the country, “but the good news is they are way below where they were a year ago.” Is that now the criteria for good news: things aren’t as bad as they have been. If Bush were still president we would be hearing of how the rich greedy oil companies are strangling our country. The news would be filled with reports of families choosing to do without medicine for their children because of the cost of gas—ringing alarms in gas prices and healthcare. With Barry in the White House there is this overwhelming urge to be nice and see the bright side. With Bush it was assumed that since he was from Texas that he must be permitting high oil prices. Since Obama has never run anything or worked in any industry but government then no one dreams he could effect oil prices. (more…)
Only a few months into the new administration and America has gotten exactly what the voters wanted—a boat load of change. With the changes we’ve seen, we’ll soon long for the good old days. The best thing about this current political situation: with the choking portion of liberal good intentions wrapped around government waste and abuse the words Democrat and liberal will soon become obscenities. (more…)
Secretary of State Clinton says the United States is moving quickly to address Global Warming. Of course the Obama administration is moving quickly, they have to do something before the theory falls on the ash heap of quack science where it belongs. If they don’t take immediate action they will have lost their excuse for muzzling the US economy and limiting our freedoms—saving the planet.
Our nation was founded by men who saw the abuses of Europe as an evil to be shunned. They fought to establish, not a Europe in North America, but a nation of states united for common cause, where sovereignty rested in the people instead of a prince. They understood that the import of European abuses would only lead to tyranny and serfdom so they established a Constitution to define and limit the central government. In effect the federal government is to be a perpetual servant—a slave if you will—of the people and the states. (more…)
President Obama and the Hip-pocket Congress are taking unprecedented steps to seize control of private sector firms, placing their assets under direct federal control. With plans to implement measures to permit government agencies to intercede in large publicly traded companies the push to state control of industry is at a fever pitch. Today’s news includes one such affront to a free market. At the request of the Obama administration, GM CEO Rick Wagoner resigned. This is just one example of the future we face with President Obama. Such is to be expected from Mr. Obama, since he has never worked in private industry, having made his living seeking political solutions to every problem. He can be excused for concluding government activism can make everyone as wealthy as it made him. (more…)
Barney Frank is busy. Outspoken in his support for the porkulus package of President Obama, he is now quickly trying to plug a leak that his buddy Chris Dodd engineered. The provision in the stimulus bill that exempted bonuses from restrictions has come to the fore and fostered an uproar; even the Congress, who approved this mess to begin with, is upset. Hard to imagine Congressmen getting upset about spending money, but I guess since it is private individuals spending tax payer dollars that makes it less palatable for them. (more…)
Over the weekend I watched several episodes of Band of Brothers on the History Channel. I always find the generation of World War II intriguing. With all they went through, the death of millions of young men, the deprivation at home—sacrifice unlike anything before or after—one can see why they are known as the Greatest Generation. When you compare our generation, it is obvious there is much they could teach us. (more…)
Senator Arlen Specter seems to be getting a bit uncomfortable. He is facing the appropriate scorn for crossing the aisle to follow his liberal heart. Not only was he one of only three Republicans in Congress to vote for the porkulus spending package of Obama, Reed and Pelosi, the American triumvirate, but he debauched himself with a cloture vote to squelch debate and force a vote on a bill that members of neither chamber had read. (more…)
Lately many have claimed capitalism has failed us and led to rampant greed. This classic video is of Milton Friedman addresses greed and laissez faire economics. Thanks to NetRightDaily for pointing out this video.
