As the oliticians print more and more money to spend like drunken sailors on corporate whores with their hands out. The first strings are being pulled before the ink even dries on the new bills.
Citi Bank had ordered a private plane at a cost of $50million dollars, but the Obama Administration called them and told them they can’t have it.
Also Merril Lynch CEO was told he had to pay for his Million and a half dollar office remodeling. Now mind you this office was remodeld a year ago, long before even a dollar of bailout money was given the firm. The bolshevick’s in power still said no, and that it had to be paid back.
This is very wrong, first of all the company that makes the jet will now take a loss of that 50mil. Which will mean the loss of jobs for some of it’s workers.
As for the Merril Lynch office if it had been a contract that was not already fulfilled there would be a loss of work and supplies again. The contractor would not have the work his men wouldn’t get paid and the suppliers wouldn’t have sold their goods.
I don’t blame the politicians they are what they are and this group now feels they have the right to dictate to any company that took money how they do business. That is not the American way that is the Soviet way.
I am angered that these corporations have come begging for this money. If your business is run poorly it should fail. Some better run corporation will always fill the void.
Now the banks will say the government forced them to make the loans to people who could not pay, well that’s too bad as your business fails you hold a press conference and explain that Barney Frank and Christopher Dodd molded the legislation that brought about the failure of your bank, and who knows maybe the idiots who elected them will throw them out.
The US Government was set up NOT to be involved in private business. It was set up to promote liberty and freedom. That freedom also includes the freedom of failure.
The Bolshevicks that are now running our country feel they can run corporate America better than the businessmen can. This is the same group that have ran Medicare into 55Trillion Dollars of debt together with Social Security.
They blocked the South American Trade deal for the simple reason to quote Nancy Pelosi “we didn’t want to give Bush a victory”. Well the biggest benefactor of that trade deal would have been Caterpillar. Now instead of selling their giant machines they just laid off 40,000 workers. Once again the cost of government interference shows it’s predictable results.
The American Car manufacturers have just been given new cafe standards for what they are ALLOWED to make. It doesn’t matter that the American public will not buy these green vehicles. It is what the Bolshevicks demand they sell. Toyotta is laughing all the way to the bank.
To quote the late Hunter S Thompson regarding the American public “They just weren’t prepared for Doomed Failure”