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Wednesday, September 10, 2008

How far is this going?

And where do we say "stop!"?

Lehman Brothers' situation keeps getting worse and worse. They're going to start selling off portions of the company.

All well and good, right?

But I heard on the radio this morning (NPR, of course), that the government may have to go in and bail them out.

Sound familiar?

It seems we keep going through this again and again lately.

This on top of taking over 11 failed banks this year, so far, Fannie Mae and Freddie Mac and Bear Stearns.

So next is Lehman Brothers?

Sure glad we're a capitalistic system, aren't you?

In the same radio story, it told of both former car giants Ford and GM going to the Feds to ask for "low interest loans", to get them through their rough spots--which they created, of course.

Holy cow.

Where does it stop?

At what point are we either going to say "enough!" or just give up and admit we're a socialistic country?

If we're going to do socialism and the government is going to own business, let's have them buy the health care and energy systems (oil, in particular) and call it a day.

THAT we'd benefit from.

But not cars--not the auto industry.

What kind of system are we running here, exactly?

News flash: we can't afford all of this.

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