Sunday, November 16, 2008

Bailout, A Bad Idea for America

Another bailout, another stimulus, where does this end. Bad management is throttled by failure, if a company is not allowed to fail, it fosters bad management, continues poor leadership and empowers those providing the funds, not the company getting the funds.
 
Already liberals are wanting to control the businesses they are planning to save. We are moving our largest companies toward nationalization. Since when do politicians, mostly attorneys, understand and know business, much less sophisticated business such as our larger institutions.
 
Just take a look at Sarbanes Oxley, disastrous legislation imposed upon all business by blind politicians, it may be the single largest contributor to our current financial crisis. Couple these types of poor policies with a political system bent upon blaming the people, (owners of the companies they are destroying through bad policy, think Freddie Mac and Fannie Mae policies), and you have an incredibly inept group of leaders.
 
We need help, but not from the politicians.
 
What say you!

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