Government motors

Well today General Motors a once great American company announced that they where filing for chapter 11 bankruptcy protection and of course they also mentioned that they would need yet more money from big daddy government, somewhere in the neighborhood of thirty billion dollars, and of course the government has agreed to give them the money in exchange for more common stock in the company bringing the governments ownership stake in that company to a whopping sixty percent, that's right the government using tax payers dollars owns sixty percent of a major American company, the same government that since ninety fifty four only balanced the federal budget four out of the last fifty five years, the same government that has bankrupted social security, has passed entitlement after entitlement without coming up with ways to pay for it without taxing the citizenry into poverty, the same government that is over run with bureaucrats and politicians many of whom have never run any for profit business prior to their rise to power are now in the business of telling private companies how to make money, private companies that where run by people who where actual business professionals and they still failed, yet now these self appointed saviors in Washington, most of whom know nothing about how to build or sell cars, or even what it takes to run a successful business have invested tens of billions of dollars more in tax payers money into a failing business.

The President gave a major speech today on the GM filing, stating that while the government would own sixty percent of the company that his government in no way wanted to be "in the car business" he reassured the American public that GM would remain a company run by private sector individuals. While this speech was designed to put the American people at ease it rings hollow to me as the man appointed to run GM thought bankruptcy has been appointed by the government, anyone who thinks that the government will not be running GM is living in fantasy land.

I believe in the free market, in the idea that if a company is gonna fail it should be allowed to fail, that is how the free market works. Bailing companies that do bad business is a horrible message to send it gets the government into the private sector, it also rewards failure, I am worried about the course of our nation and world, the fact that government is taking a larger role in the private sector is a slippery slope on the road to tyranny.