WASHINGTON -- Congress and the White House inched toward a financial rescue of the Big Three auto makers, negotiating legislation that would give the U.S. government a substantial ownership stake in the industry and a central role in its restructuring.
Nowhere in the constitution does the government have the right to own the means of production, which is the very definition of Socialism. The management and shareholders are willing to sell their capitalist souls in order to avoid the uncertainty of the bankruptcy courts.
In return their companies will be run by politicians, whose interests do not include sound business practices and the taxpayers will yet again pay the price for their incompetence. Even the French finally saw the folly of a sclerotic government attempting to compete in a worldwide competitive market when it privatized Renault.
Socialism is not only immoral, it never works. But their are always power hungry statists who believe they are the gifted enough to do the impossible.
Most of the cars I've owned have been American. If this Anti-American plan goes through, I wont buy another one again.
This is only the beginning. When Democrats take full control of the Government, we will go headlong down the road to economic destruction and the loss of liberty.
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