Big Three ask for billions

The Hill ^ | 17 Sep 2008 | Ian Swanson and Jared Allen

[elkfersupper]

This is nationalization of industry in my country.

I honestly thought that the nationalization of the health care industry would be first.

Now, we're all in the banking business, the investment banking business, the insurance business and we will soon be in the automobile manufacturing and the airline business.

I wouldn't be surprised if we all wind up in the agriculture, timber and oil business in short order.

At least when someone like Hugo Chavez nationalizes an industry, he doesn't do it with taxpayer dollars.

It would be more honest of our politicians, central bankers and bureaucrats to just stop the pretense and follow the Venezuela, North Korea and China models.

Of course, that would eventually lead to the Zimbabwe model, which nobody (theoretically) wants.