With the economy being the way it is right now, the last thing we need is nationalization of industry. In capitalism, if a bank fails and goes bankrupt, another one is sure to buy it up and practice more sound management policies so they can stay in business. At least that is how it is supposed to work. With the Chavezism of grabbing up failed firms and businesses, it'll only keep the power of failure intact (especially when Big Government is backing it all and taking more of your money to finance it).
It's like a 16 year old kid that just got his license being handed over the keys to Dale Earnhardt Jr's car to race it at Daytona. The government has no business meddling in the affairs of the private sector especially when there is hardly a former CEO or business owner in the new administration with no executive experience.
It's all a ploy to have government in charge of industry. Just as the cap and trade program Nobama wants is due to bankrupt the coal industry and how the Dems propped up failed mortgages that killed the housing boom, this is a sure plan for Epic Fail. We're talking about the same people that have taken our money for decades now to put in Social Security and have nearly bankrupted that, yet we want to give them more power and more money to mismanage? This should have no place in our Republic as was said by Jefferson over 200 years ago.
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labour and bread it has earned - this is the sum of good government"
The Founders ought to be rolling over in their graves over what we have leading the nation today.
