Tuesday, March 31, 2009

Obama administration now runs companies?

It was only a matter of time.

The government used taxpayer money to bail out failing companies, and now they are demanding their due - control over key decisions at those companies. Where does it stop? For now, it is just companies which accepted taxpayer bailout money. But now that the Fed owns a major share in GM and Chrysler (and many financial institutions), are they going to start passing laws to keep those companies afloat? Perhaps a law might pass that all federal agencies can only buy vehicles from those companies. We will see, but as a small business owner, I am rather nervous.