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From a free market to a command economySeismic changes from the
bailout.
Remember when I said that government influences
marginal behaviors?
That's what makes this so worrisome. The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history. The betting is that many with their hands out will be successful, especially with financial markets in a stomach-churning dive and predictions the economy is about to tumble into a deep recession. These groups argue that the credit squeeze is so severe and the risks to the economy so dire that their industries need financial support as well. Got that? There are entire industries shifting from selling to the customer to lobbying the government. The next inevitable step will be changing the companies to comply with government "suggestions" and eventually demands. We already know from Medicare what happens then. He who pays the bills makes the rules. 
Posted: Sun - October 26, 2008 at 01:25 PM
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 Pagan Vigil
Pagan philosopher, libertarian, and part-time trouble maker, NeoWayland watches for threats to individual freedom or personal responsiblity. There's more to life than just black and white, using only extremes just increases the problems.  My Thinking Blogger Nominees
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