Sunday, March 29, 2009

Government takeovers

WARNING! BLOG ENTRY MAY CONTAIN DISSATISFACTORY POLITICAL THINKING

We've been hearing a lot lateley about AIG executives and how evil they are. This sort of rant is nothing new as we've been incited to anger concerning oil companies and their profits as well as healthcare being a disaster. The solution is always the same. Let government take it over. HUH?
Okay, first of all let us analyze what exactly did these guys did. They made money. They had bonuses contingent upon their success(underwritten by HR Dodd by the way). This all looks greedy to some and rather than think it seems to be easier to adopt the way of thinking of pick up a sign and whine. Do we really think government is insulated to greed. Seriously, especially politicians.
AIG is just a company. The idea is if you disagree with where you put your money, you can put it elsewhere. FOrcing an organization to produce a good or service while controlling their benefit or incentive can be viewed simarily to slavery. It would be like me telling the great one to cook for me or I'll take everything away from her. Kids, don't try this at home,i don't think i will.
Bottom line there is nothing that keeps government run entities in check. They operate with no boundaries and tell us how we need to think. Don't ever buy this we can run it better stuff.

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