I have to confess that the never ending line of bailouts is truly concerning me. I can not imaging where the money is going to come from to finance this. Business is down, profits and tax revenues are down, entitlements are climbing and the bailout costs are rapidly climbing.

The fact that the federal government may be taking an ownership in these failed enterprises is an even greater concern. Will they have a voice in the management and strategy? Will they force GM to build “politically correct” cars which the market may reject, especially with cheaper gas?

I can not imagine that government ownership of our largest corporations comes without a voice. Nationalized industries, even partially nationalized industries do not have very good track record.

The recession is a good thing in the sense that it corrects market imbalances. But the market corrects these imbalances quicker without government interference.

The more the government bails out industries, the longer this recession will take.

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