Sigh. What else did we think was going to happen when we started bailing out large companies with incompetent management, who knowingly took and lost big bets?
It took the Democrats about two seconds to realize that this was the best opportunity they've ever had to force their agendas down the throats of American corporations. Pelosi and company are greeting the industrial beggars (like GM, Ford, and Chrysler) with big smiles and open arms. Why? Because they know that if they can cut a deal with those corporations to suck at the teat of the American taxpayer, they will be running those corporations.
Which means that they will be able to manipulate those corporations for their own, personal benefit. For example, imagine that the environmentalist wackos start agitating in Pelosi's district. Whattya wanna bet that within a few days GM will announce a “major initiative” to build solar-powered cars, thanks to the “visionary leadership” of Pelosi? Buried in a footnote somewhere will be the hundred-billion-dollar development subsidy and the fifty-thousand-dollar per car production subsidy.
I can hardly wait...
Sucking at the "teat" of the federal government is what subverts state rights as well. If you take their money, then they can impose their rules. 55mph speed limit, no child left behind. Whether you like those policies or not, the federal government couldn't force the states to institute those policies if it weren't for the states having their hands out. I think we got here by the states not wanting to raise taxes or say no on whatever program they couldn't afford. So politicians found a "free lunch" of sorts by getting the fed to give them money. Course the fed gets it through higher taxes and/or borrowing. THen the fed starts trying to create a "free lunch" themselves through deficit spending. Eventually the whole house of cards collapses. Eventually people have to quit asking their government for "stuff" that can't be paid for. But as long as it gets them elected and an opportunity to stead from the public coffers, politicians will keep doing it. I can't imagine anyone really thinks that people want to be a congressman at 160k a year out of the goodness of their hearts.
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