The Tentacle: And Atlas Wept by Kevin E. Dayhoff April 1, 2009
In a move that has given many pause, last Sunday the administration of President Barack Obama ventured boldly into the latest worrisome intrusion into the nation’s private sector by firing Rick Wagoner, General Motors’ chief executive officer.
This is but one of a series of troubling events that paint a bleak picture. The Obama administration has no fear whatsoever of solving the nation’s economic woes by reckless profligate spending, protectionism, strengthening efforts to unionize workers and further introducing government control of private sector enterprise and our nation’s means of production.
All the more disconcerting is the dynamic that the firing of Mr. Wagoner has been roundly cheered by our populist comrades as the populist rhetoric assailing our nation’s financial sector has continued to spiral out of control.
For those who may cheer the exit of Mr. Wagoner, please put this incident into the larger context of the government seizing control of several of our nation’s financial giants.
It was just last week that Treasury Secretary Timothy Geithner unveiled plans that facilitate the draconian regulation and ultimate seizure – or nationalization – of financial institutions as deemed by the government to be necessary, or in the national interest.
He said that the nation's economic crisis demands bold action. Hmmmm, this appears to be a recurring theme.
[…]
To understand all of this much more thoroughly, it may be helpful to read Yaron Brook’s Wall Street Journal essay from March 14, “Is Rand Relevant?”
Mr. Brook reminds us that it was in Ayn Rand’s classic “Atlas Shrugged,” that she told the “story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?”
[…]
If Ayn Rand were to alive today, her sequel would be titled “And Atlas Wept.”
Read the entire column here: http://tinyurl.com/c46dm8 The Tentacle: And Atlas Wept by Kevin E. Dayhoff April 1, 2009
http://www.thetentacle.com/ShowArticle.cfm?mydocid=3092
20090401 TT And Atlas Wept ttked
In a move that has given many pause, last Sunday the administration of President Barack Obama ventured boldly into the latest worrisome intrusion into the nation’s private sector by firing Rick Wagoner, General Motors’ chief executive officer.
This is but one of a series of troubling events that paint a bleak picture. The Obama administration has no fear whatsoever of solving the nation’s economic woes by reckless profligate spending, protectionism, strengthening efforts to unionize workers and further introducing government control of private sector enterprise and our nation’s means of production.
All the more disconcerting is the dynamic that the firing of Mr. Wagoner has been roundly cheered by our populist comrades as the populist rhetoric assailing our nation’s financial sector has continued to spiral out of control.
For those who may cheer the exit of Mr. Wagoner, please put this incident into the larger context of the government seizing control of several of our nation’s financial giants.
It was just last week that Treasury Secretary Timothy Geithner unveiled plans that facilitate the draconian regulation and ultimate seizure – or nationalization – of financial institutions as deemed by the government to be necessary, or in the national interest.
He said that the nation's economic crisis demands bold action. Hmmmm, this appears to be a recurring theme.
[…]
To understand all of this much more thoroughly, it may be helpful to read Yaron Brook’s Wall Street Journal essay from March 14, “Is Rand Relevant?”
Mr. Brook reminds us that it was in Ayn Rand’s classic “Atlas Shrugged,” that she told the “story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?”
[…]
If Ayn Rand were to alive today, her sequel would be titled “And Atlas Wept.”
Read the entire column here: http://tinyurl.com/c46dm8 The Tentacle: And Atlas Wept by Kevin E. Dayhoff April 1, 2009
http://www.thetentacle.com/ShowArticle.cfm?mydocid=3092
20090401 TT And Atlas Wept ttked
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Kevin Dayhoff Art: www.kevindayhoff.com
Kevin Dayhoff Westminster: www.westgov.net
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