Free Enterprise Re-Invented

The basic theory of supply and demand - the hallmark of our free enterprise system - has been redefined by our federal government.

In the wake of the automakers, Wall Street, Freddie, Fannie, AIG, Citi and so many others, government has re-invented the traditional theory of supply and demand.

Typically businesses to sink or swim on their own merit through their ability to design, produce, and market goods and services that would appeal to their potential consumers. Now the government has made that essentially irrelevant for the very large businesses.

In the real world, businesses start and fail everyday - often without much notice or fanfare. Only when they get very large and move into the institutional category does anyone begin to look at how they impact the fabric of American life.

In the world of Washington government,we now have bailouts.

The new theory of supply and demand is that the federal government (Congress and the President - with our money) will supply the funds and safeguards to prop up failing, unprofitable, mismanaged businesses and that such businesses will continue to demand more and more of such help.

This is not free enterprise, and we don't need it.

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