Thursday, June 11, 2009

The moment when your goverment officially took over a private business

Freedom is rarely lost in one big sweeping motion. It generally takes time, and a public who is asleep at the wheel.
Take this article from The Hill:

Rep Barney Frank (D-Mass.) won a stay of execution on Thursday for a General Motors plant in his district that the automaker had announced it would close.

No other lawmaker has managed to halt the GM ax. As chairman of the House Financial Services Committee Frank oversees the government's bailout program, known as TARP. Frank's staff said the lawmaker spokes with GM CEO Fritz Henderson on Wednesday and convinced him to keep the Norton, Mass. plant open for at least 14 months.

Understand?

Barney Frank is now in the auto business. Now the government has officially interfered with what they are doing, and are dictating the terms of their business. That will work out just fine... don't you think?

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