Tyranny from the Treasury
The Big Three auto bailout passed in the House, but died in the Senate. Over night, the executive branch under George W. Bush decided to formulate a plan to take action on their own. Since they didn’t like what happened in the legislative branch, they have decided to try and use some of the funds from the TARP bailout passed several weeks ago. George W. Bush and his administration have proven once again that they are nothing but socialists who believe central planning is the only way to run an economy. In Bush’s feeble mind, the free market cannot possibly be trusted and market corrections cannot be allowed to take place. I think alot of what Bush is doing now can be attributed to what he wants his legacy to be. He doesn’t want to be known as the president who allowed the Big Three to go down and cause millions more to lose their jobs. That’s all well and good, but the problem here is that the Constitution doesn’t give the executive branch the power to centrally plan the economy. But the Constitution hasn’t exactly stopped Bush from doing stupid and bad things before, so why should it now?
This entry was posted on December 12, 2008 at 12:29 pm and is filed under Uncategorized with tags bailout, big three, bush, central planning, socialism, tarp, tyranny. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.