Sunday, July 5, 2009

Obama to limit size of companies

From the AP:

"Around Washington and Wall Street they have come to be known as TBTF — too big to fail. It's not just size, though. These companies are so far-flung, so intertwined and so precariously leveraged that a single one's collapse can create system wide tremors that imperil the finances of millions of Americans. With that fear in mind, the government stepped in to bail out Citigroup Inc., Bank of America Corp. and AIG with tens of billions of public money last year. Looking to avoid such a costly intervention, President Barack Obama's regulatory plan calls for large, interconnected companies to pay a heavy price for the system wide risk they pose."

At one time the US was the envy of the world. Our cars were bigger and our salaries were too. We had the biggest and most profitable companies. Our armies could defeat all comers and we sang the praises of this Great Country and God from shore to shore.

Now our cars run on air and fit 4 small adults. Our companies have gone offshore and the ones left are being told to shrink or face penalties. CEO's are told what they can make, doctors told what they can practice and schools what they can teach. Fielding a military has become difficult with so many having disdain for the army and just try mentioning God outside of church.

All that made this country the land of the free and home of the brave has been vanishing for some time but this current administration has sped the process to warp speed. If the size of American life is what the problem is in our country than I have one more area we need to shrink. The Federal Government!!! Why is it this is the only institution that is allowed to grow? This is the only institution that produces nothing yet sucks money out of the economy at the speed of light. Write your senators! Tell them you've had enough! There comes a time when a line in the sand needs to be drawn and that time is now. As Grouchy said we NEED a leader. Where is he?

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