Posted by
Mike Silverman on Wednesday, April 01, 2009 10:38:48 AM
The role of the Securities And Exchange Commission is fair and reasonable as far as it goes, but for our government to extend its hand any further is highly dangerous to the stability and security of our nation. The problem with it stems from over reliance on government to take care of the problems that are in fact the problems of private investors and company directors. The government has already spent all of our money. It's gone. It is now paying for its budget on borrowed money and it makes no sense to put such a fiscally irresponsible institution as the federal government in charge of deciding the course of action of any part of our private financial industry . Government will make decisions about business dealings and operations based on a political model, when it should be a business model. We've been led off on the wrong foot to begin with. We have to change the way we have been conditioned to think. In a capitalist society, which is a society grounded in freedom for the individual, there is no such thing as a business that is too big to fail. That is simply a basic economic fact of capital driven markets. But societaly, we have been conditioned by liberal progressives as economic pundits and news media "experts" to believe that we are doomed if a company like AIG fails. Any time that we look to government to take care of problems that arise from personally irresponsible behavior, whether that behavior is from the top executives at a company who have made bad business decisions, or individuals who have bitten off more than they can chew with personal financial decisions, we abdicate responsibility for ourselves. When we don't look within to find the problems and fix it, but look to an overbearing external power to sweep in and take control forcing changes that we have not vetted, making decisions about how much prosperity we are allowed, and revoking our right to serve our own best interests, we have given up our right to self determination. We have thrown away the freedom that was God given, in favor of having our destinies controlled by strings from a faceless body of government. In most states, the age of eighteen is the age at which a child is no longer legally considered a minor. Our governments have basically said.., "you have been alive for eighteen years, it's time you take responsibility for your behavior and not make it your parent's duty.". But, here we are with the likes of President Obama and Barney Frank declaring that we are not responsible for the problems we encounter when we buy a home we can't afford, when businesses we invest in fail to profit, or just plain fail, when major industries loose market share and thousands get laid off, when some people become fiscally wealthy and others don't, none of that is the fault of the people who are at the downside of those issues and the resulting consequences, we are merely victims of a faceless evil demon with great red horns whose name is Greed. The fraternity of socialists in our federal government are slapping the money out of your hands that you earned and taking it away from you, telling you that you don't know what's good for you so "we who sit in government" will give you what you need and you will become our mindless foster child for the rest of your life. At that point, life , liberty, and the pursuit of happiness becomes dust in the wind. You have to look in the mirror and decide whether you are the master of your own fate, or whether your master sits on a committee in congress, or even a chair in the White House.
- Mike Silverman