Saturday, January 3, 2009

Whatever happened to the Free Market?

The more one reads and listens to the news these days the more one begins to wonder why doesn't ever person in America not deserve a bailout economically. We have seen bailouts for the banking industry, the auto industry and now a congressman in Connecticut is proposing a bailout of two local newspapers.

What has happened to the free market? I understand that people can and have made bad choices on who to loan money to and as a result some are facing very tough decisions, which includes closing down places of business. If Congress wants to bailout industries of all types and sorts, what about the average Joe who is trying to make with his mortgage and car payments to be concerned with. Maybe Congress should bail them out to. The newspapers in Connecticut are failing because the competition is kicking their butts. With the expansion of the Internet bringing people news around the clock most newspapers in American are experiencing a huge cut back in readership. This means that the newspaper industry needs to rethink the way they do business and begin to look at alternative ways of presenting themselves to the public. If they can't make it, than they go out of business. After all, that is what a free market economy is all about, right? The same way of reasoning should apply to the auto industry and the banking system. Where is the money coming from to pay for all of this? It doesn't grow on trees.

The American taxpayer is the one who is the loser. The government in my opinion has overstepped her bounds and needs to look at ways of cutting our taxes, not ways of increasing it. I hope that my fellow Americans will join me in opposing these acts of indiscretion. Our future as a nation may depend upon it.

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