Thursday, April 30, 2009

Today Chrysler went Bankrupt. GM is not far behind. As I recall, when we the people (the Federal Government) loaded the money to GM and Chrysler, we were to be paid back before anyone else. Apparently everyone has forgotten the initial bailout. Our Government needs to get out of the economy. It's job is to keep the peace between the states, engage in foreign affairs and presenting the US to other countries. We are not to engage in control of the economy. It will run itself if we only let it. Barny Frank and the House Banking Committee decided to involve itself in the housing, and look what that did. Now the Car Manufacturers are out of business because no one wants to buy the cars the Federal Government is forcing the manufacturers are making. And it will be more of the same. What is going to happen to the economy next. We haven't seen the melt down of credit companies and the commercial Real Estate yet. This could further impact the economy and prevent the recovery until later 2010. If that happens, we may see a ground swell of resentment and the Republicans could be swept back into office. My hope is they remain true to their conservative roots.

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