Financial Bailouts

What is this nonsense about financial bailouts for failing enterprises?  Since when have we not had the freedom to succeed , or fail?

First, we have a financial crisis brought on by the insane intrusion of government to create GSE's (government sponsored enterprises) like Fannie Mae and Freddie Mac with politicians (think Barney Frank and Chris Dodd) using them as instruments of social engineering in the interest of buying votes and solidifying their power base.  Now we have that same group of political morons in Washington spending billion$ of the public's money to try undo the mess they created in the first place with bailouts for companies that have been mismanaged and need to fail anyhow.  Why do we pay bonuses to AIG executives that drove the company into the ground?  They should be terminated with forfeiture of all pay and benefits.  The company should go into chapter eleven bankruptcy.

Since when have politicians had the constitutional power to decide which private enterprises are to be bailed out and which ones are left to die?  Now that we have bailouts every entity is grousing for a handout, even unheard of small towns in Michigan, not to mention Los Angeles and Philadelphia.  Good grief!  When you start throwing money around everyone have their hands out!  Even my cows hang around the barn and eat as long as I throw hay out for them instead of going out into the pasture and grazing grass.

The politicos keep saying this is the "worst financial crisis since The Great Depression."  Hell, they have no idea of what they say.  They've only heard about or read about The Great Depression.  They have no idea!  I'm a child of The Great Depression.  I remember it well. We're no where close to a Great Depression.   These people think that if they can't buy their latta (or what ever its called) at Starbucks they are in a world of hurt.

The best solution is for government (politicians) to quit tinkering with the free enterprise system and get out of the way.  Yes, there may be some hurt, but from it comes a greater strength.   Will Obama get out of the way?  I hardly think so.  We are in for more and more government intrusion and meddling.  This can't be good.