Saturday, January 22, 2011

Money For Nuthin

Power Line - He melt for Obama: "The alliance between big government and big business should raise the hackles on the necks of ordinary citizens. In the cases of GM and Chrysler, we have seen a variety of wrongs committed with government power and taxpayer money. Harnessed to the power of government, big business can really get cracking.

It can sell products to big government. It can bulk up on direct and indirect subsidies derived from the labor of ordinary citizens. It can take pressure off pricing by creating barriers to entry for potential competitors. It can mitigate the difficulty of persuading ordinary citizens to buy what they are selling at a price that reflects market value.

Before the GM and Chrysler bailouts, GE chief executive officer Jeffrey Immelt saw the money to be minted in environmentalism. GE would hold itself out as an environmental leader under the rubric of Ecoimagination. Then it would join up with big government, promote the global warming hoax and cash in on it through the regulatory regime of cap-and-tax."
My hackles have been raised for nearly 40 years. But the sheep apparently have had their hackles sheared off a long time ago.