Wednesday, October 24, 2012

The truth about bailouts

Nigel Farage, a member of the European Parliament, sums up the effect of bailouts on the nation states of Europe.

But the European examples doesn't stand alone. Our federal government also expects increased influence when it promises to bail out local and state governments. When guys like Barack Obama tell you they want to help your community hire more teachers, police or firefighters, you have to know there are plenty of strings attached.

Same's true when the feds bailout businesses. Just look at the way General Motors suffers along with the Chevy Volt. Not because of market forces, but largely because of government demands.

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