Sunday, September 28, 2008
This is not a corporation--it's a country! This is not of the corporation, by the corporation, for the corporation--it's of the people, by the people, for the people!
Earlier tonight, Congress came one step closer to passing a $700 billion bailout package for the financial industry. While I am not one to rush to judgment before knowing and understanding the details, my initial reaction is one of anger!
In fact, I am reminded of a drawing I made a few years ago, with the American flag depicted as a combination of corporate bar codes...
Regardless of whether the situation warrants a bailout or not, I firmly believe that the current credit crisis has been caused in part by the federal government. In addition to the constant manipulation of interest rates, continual federal budget deficits have vacuumed increasingly large amounts of capital from the credit markets, sucking up money that might otherwise be used for legitimate lending and productive business activity.
