A Vote For Free Enterprise

When so many in our government seem to be abandoning the free enterprise, capitalist principles that have made this country so strong and have been one of the reasons immigrants have come to this country, it is gratifying to see some members of the US Senate - all of them Republicans at the moment unfortunately - acclaim that free enterprise is still our stock-in-trade.

Yesterday, Republican Sen. Mike Johanns of Nebraska, and former Governor of that State, introduced a bill that is co-sponsored by 26 other Republicans in the the Senate to require Congressional approval for any use of TARP funds that would result in government ownership of private businesses through obtaining common or preferred equity stock shares.

He is calling it the "Free Enterprise Amendment." No Democratic Senator has signed on so far, but this really needs to happen.

As Johanns rightly points out, the President and the Administration are operating unchecked in this arena. In my view, this is contrary to Constitutional provisions.

We certainly don't need more bailouts or public ownership of failing corporations. I've contacted my Senators. Calling on all free marketers to do the same. Congress needs to take a stand here.

For more information about my consulting, teaching, and coaching services visit my website at stevehoffacker.com. I also maintain a blog (Sales Quips) on the real estate network Active Rain, and you can begin participating in this great forum by visiting here. I also write and maintain blogs for Gold Coast SMC and Florida SMC. © 2009, Steve Hoffacker. All Rights Reserved.