Politics
Out of context: Reply #4908
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- tommyo0
The Constitution was written so that we're all as equal as possible. If I kill someone, I should get the same punishment as a CEO of a multinational corporation who kills someone. Of course there are little advantages someone with resources will have over someone without but for all intentions, we're equal.
These bailouts on the other hand go against that very principle. We've got companies, chosen by our government, who are deemed 'too big to fail.' They screwed up. They didn't do the right things and now they pay no price for their misdeeds. Well, except that now the least successful company on earth gets to help run them, The US Government. But back to my point, what about the companies that could buy these failing companies, run them more efficiently or innovate them back into the black? What about the companies who aren't getting bailed out but still stand to reap the negatives of this whole debacle. This bailout is wildly overstepping the boundaries government was entrusted with. It negates the tools of Capitalism and destroys the natural process of how a capitalist society deals with success and failure. While at the same time it places government squarely in the middle, only this time it's not for regulatory purposes, it has a stake in THAT company's success at the contrast failure of THAT company's competition.
Where is the constitutional fear in this scenario? It leaves zero ability for the government to treat companies equally - well, you know, until they double and triple check that the interests of Company A don't impede on the interests of Governmental Backed Company B.
I do see the logical steps of how communism blossoms - how they can now sell this scenario into one of overarching public protectionism. Can't wait to read this headline 'US Gov Now Majority Stockholder in Citibank Corp.' It's really not that far of a reach to think that this could happen considering the course we've been put on over the last 4 months.