Thursday, March 5, 2009

http://www.youtube.com/watch?v=UP73cK3GXdo

I do not agree with the premise of this video.

What the government should not do is start to manage American business. This is a slippery slope.

No, I am not trying to argue that dopes who screwed up should be rewarded. I am arguing that this enables and in fact promotes government control over business. Ask Vegas if they think American business should be allowed to entertain. Do we want the government running Auto companies?

2 comments:

Baxter said...
This comment has been removed by the author.
Baxter said...

Dark prediction, Doc.

The markets continue to slide - merely on the trend started long before January - or even November. It has been ugly for a long time...

My prediction - S&P 500 will soon find a floor. 50% off levels of 15 months ago is about far enough. We'll have a reversion to the mean as soon the bad news dissipates. We simply must avoid another glance into the abyss.