- The Washington Times - Thursday, January 15, 2009

ANALYSIS/OPINION:

ANALYSIS/OPINION:

For all their differences, liberals and conservatives agree on the stupidity of the $700 billion business bailout, including the portion that is going to GM and Chrysler. While both liberal and conservative philosophy is opposed to this action, it is, ironically, one of the few things on which representatives in Congress agree.

Even many Keynsian economic theorists, who don’t oppose government intervention, think the $700 billion could be better spent at the other end of the economy. (Perhaps the money could be used to “bail out” the impoverished rather than the millionaires.)

Conservatives see this as government interference in the free-market system, with dire consequences for the market and the economy in the long term. They think the strings attached by the government to these loans result in nationalization of the businesses that equates to socialism.

Both liberals and conservatives smell political and corporate corruption in this deal, and both sides are asking why failed businesses led by overpaid and underperforming managers should receive dollars taken by the government from the paychecks of American workers.

Because our politicians have ignored voter opinion on this issue, perhaps we should make our voices a little louder. Let’s start with a boycott of new vehicles and any auto services from GM and Chrysler.

Those companies can return the money and make it on their own, which would be a reason to end the boycott, or they will collapse and the free market will replace them with better, more competitive businesses.

JEFFREY

E. BRADFORD

Stephens City, Va.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide