A Crisis As An Opportunity

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I don't have a problem with the concept that every crisis is an opportunity.  If you choose to learn from a negative experience so as not to repeat the experience, it becomes a worthwhile part of your growth as a person.  If you choose to use a negative experience to try to push the envelope further than you have been able to push it before, chances are you will make the negative experience worse.  This is a concept we need to keep in mind in reading the article in today's Wall Street Journal Online.  The worrisome quote in this article comes from Rahm Emanuel, Barack Obama's chief of staff.  The quote follows:

"You never want a serious crisis to go to waste," Rahm Emanuel, Mr. Obama's new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.

He elaborated: "Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before."

We need to consider, as a nation, how far we are willing to let the government go in taking over businesses.  The automobile industry is going broke due to a combination of its own management and business plan errors and government regulations.  If you do not change the management or business plan and you add more government regulations, there is no way that giving the big three auto companies makes sense.  Again, you only have to look at the automobile manufacturing that is going on in states where unions and Democrats are not in control.  These are the states where an industry can thrive and grow and help the economy of the area where it is located instead of asking for handouts. 

The direction that Congress is moving right now may eventually lead to a long needed taxpayer revolt (they are planning to bail out the auto industry as soon as they can figure out a way to get political cover.  The only reason the bailout of the financial industry passed is that there were enough Republicans supporting it--including President Bush--that the Democrats did not have to worry about political repercussions).  If Congress is so interested in saving the economy and spending 25 billion dollars doing it, they could probably give each taxpayer 50 thousand dollars and accomplish the same thing!  The difference would be that they would no longer have control of the money and leverage on the recipient.  I firmly believe that the Democrat party is totally about seizing power, expanding government, and making sure that they stay in power.  I cannot honestly say that I believe most Democrats have the best interests of America in mind.

 

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This page contains a single entry by Granny G published on November 21, 2008 12:47 PM.

The Auto Industry (UAW) Bailout was the previous entry in this blog.

The Minnesota Recount is the next entry in this blog.

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