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Here we go again.. Print E-mail
Blog - The Lance Haynie Blog
Written by Lance R. Haynie   
Wednesday, 12 November 2008 16:19

The liberals are at it again, wanting to take a stake in the "big 3" as you can read here. Why must our tax dollars be used to buy stakes in failing businesses? If I go to a bank and say "Hey, my business is failing, I'm losing money, I'm on the verge of bankruptcy... Can I get a loan?" what do you think they will say?

 

A key House Democrat is writing legislation that would send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.

 

Have our leaders in Washington gone mad? I don't want to be on the hook for these companies and I am sure you don't either! What happens if we give them the loan and they still fail? Now the United States public is on the hook for these bankruptcies? We are heading down a very scary path to socialism. It seems that very little are doing what they can to stop it.

 

No one seems to realize that there is a reason that America is what it is, and its not the "everyones a winner" strategy that got us here. We worked to get where we are, and we worked hard. I do not want to see this all go down the toliet because we wont let market decide whats best.