Free-market Capitalism?
Ok, seriously, I was bopping around some news sites today and I'm getting to be frickin' terrified for America and Americans because of some of the new developments...
1) Germany passed a bill that allows them to nationalize banks. They haven't actually done it, but the new law now allows them to do it. (Read It Here)
2) Alan Greenspan *twitch-twitch* (SCHMUCK) says that nationalization of our banks may very well be the best thing for our economy. Of course, he does say it should be temporary, but then, when is anything that the government does TEMPORARY??!?!?! (Read It Here)
3) Now some Republicans (although, Lindsay Graham is the only one named) are advocating nationalizing the banks as well. They are looking to the ideas that the President supports, which is the "Swedish Model". This model for banking seems to say that they want to nationalize the banks and then auction them off when they have a cleaned up balance sheet. (Read It Here)
Ok, now I am against the nationalization of ANYTHING at any time. The federal government has proven, repeatedly, that it can not run anything cleanly, on time, under budget, and without too much redtape. I know that if I were the owner, or even a majority stockholder, of any of these banks, I wouldn't want the government to rob me at gun point, would you? And yes, that is exactly what the government is talking about doing. (It's what they do to you every year by April 15!)
If we wouldn't want someone to rob us, why do people support plans that allow others to be robbed?
Wednesday, February 18, 2009
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