As time goes by the Obama bailout of GM and Chrysler proves to be a bigger boondoggle to taxpayers and the private sector. Both these companies where and still are riddled with horrible union contracts and poor management. If both where left alone to go into bankruptcy they could have terminated the terrible union contracts and purged the companies of to many middle managers. Instead tax payers where fleeced out of billions to support union supporters of the Democratic Party. The capitalist system tends to purge bad companies and reward well run business. Government intervention just drives us deeper into debt and postpones the inevitable. How many times is the taxpayer going to bailout Chrysler, bankruptcy and reorganization would of cut the fat and given these companies a long term shot. Instead investors and dealers got screwed while unions and incompetent management where rewarded. The guys who dragged the companies down prospered while taxpayers an investors got screwed. The Obama administration is loaded with socialist and elitist and devoid of capitalists. Its amazing how the media continues to fail at questioning the reasons why the economy and country continue to crumble. Our enemies are bolder and stronger, our economy continues to shed jobs and our debt is reaching unsustainable levels. The total lack of capitalist in the Obama administration is only going to continue are economic meltdown and destruction of the middle class.
The Democrats are continuing there multi-prong assault on capitalism, while sucking the life out of every working American. The Democrats believe that there elitist left-wing socialist policies can fix the world. In reality there just growing massive debt busting programs and pushing legislation that can never be payed for. All the election did was swap taxpayer money from country club Republicans to Big City elitist liberal billionaires. The average working guy is just getting stuck with huge new taxes and increases in bank fees, groceries and everything else. The lobbyist still get there companies tax breaks and tax payer financed subsidies and bailouts. Obamacare is just one example of big corporations receiving breaks while the rest of us get crappier service at twice the cost. True capitalism lets corrupt incompetent business fail and competition decreases prices and increases wages for good workers. The Democrats blather on about supporting the little guy but in reality there screwing them the worst. Wealth always trickles down, never once has wealth trickled up unless your a politician or one of his cronies.