President Obama announces the Chapter 11 bankruptcy of Chrysler Corporation..HUH?
What is wrong with that statement? WHY is the President of the US doing that? What role SHOULD the Government be doing in this matter? The only time the President should be announcing a bankruptcy will be that of the Federal Government (countdown now proceeding....). Once again, it comes down to:
The question we ask today is not whether our government is too big or too small, but whether it works -- whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified."
-President Barack Obama, 1/20/09
Well, I suppose that if your aim is to "remake America" as Obama has promised to do, I suppose the answer to this is "yes", if you review these quickie definitions:
- Socialism - when Government owns the means of production.