Any honest investigation of the Obama Administration's modus operandi and would have to ask the following question. I don't have an answer but it sure as hell is perplexing to me.
If you don't believe in socialist principles, why bail out so many institutions with government money? Why not just allow bankruptcies to move forward?
I think Obama wants to be the glorious savior of the union, but he has warped ideas about what the state is good for. So he is allowing politics (the politics of social justice) to dominate his thinking about why government assistence has to be forthcoming. A truer capitalist would allow weak companies to die by the sword. A reasonable approach would be to understand what can fail and get moving with some partnerships in key spots. He might just do that in time, but the Stimulus Package was completely wrong - I'm saying it's a done deal. What is done in the name of Stimulus will not be undone.
I think he's going to nationalize as much as possible, and run up the debt to ridiculous levels, and has no respect for what private capital might do or how to incent it properly.
Every day that Barack Obama pushes forward with ideas and plans about how the executive branch can solve this problem is a day too long. Let the judges liquidate. Let the bodies hit the floor. Let the market clean up.
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