A State of Mind

In the last 15 months we have witnessed the government takeover of two car companies, the nation’s health care insurance industry and several banks after former President Bush in a non-conservative move declared them too big to fail. Since when has any company in America been too big to fail? The politicians in Washington have seen fit to become the sole provider of loans for college students and have decided they alone, not the free market, should determine the salaries of top officials in publicly traded companies.

Now Representative Wexler of California is subpoenaing executives of several large corporations because they have taken a charge against their records because of the recently passed health care reform. It seems that the Congressman is upset these companies are tainting the public’s perception of the new program. Never mind these companies are required by law to declare this new expense to shareholders.

Now Senator Schumer has asked a court to prevent an airline from charging $45 for carry on luggage. This thought process has become the norm for the Democrats in Congress. The free market should determine if this airline has made a wise business decision. They, as all businesses should, either sink or swim based on their decision.

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