I Am A Free Man

"The problem with the economy is simple, whatever needed to be done to save companies from closing down has not been done. They borrowed one trillion dollars to do this via the Stimulus plan and instead of spending it, as they claimed, on "shovel-ready" jobs they spent it on bailing out city, county and state government workers. Even a cursory glance at the list of recipients of stimulus dollars shows this fact. The other beneficiaries were industries that were heavily unionized. Now, the money is gone and the benefit is non-existent.

I am against government bailouts of any industry, of the banking industry, of the auto industry, of the steel industry. I am against government subsidies of green energy industries and farming industries. Even though a bailout might have saved my company, it is better that it died. A bad economy is like a cancer, it eats away at healthy companies and will kill most of them. Bailouts and subsidies are like chemotherapy. it might make one sick, but it can give a company a fighting chance at survival. The question comes down to whether chemo should be chosen, since it is itself a poison in the body designed to kill the cancer cells it wreaks havoc on the healthy cells. It becomes a race as to which is killed first, the cancer or the body.

My company died of natural causes of a bad economy. I feel no guilt over this. I did not choose chemotherapy even though there were some opportunities to save my company by choosing government programs. There came a point where I had to face an ideological dilemma."