Comments on: First Draft: sputtering autos http://blogs.reuters.com/talesfromthetrail/2009/03/30/first-draft-sputtering-autos/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Anubis http://blogs.reuters.com/talesfromthetrail/2009/03/30/first-draft-sputtering-autos/comment-page-1/#comment-390533 Mon, 30 Mar 2009 13:31:43 +0000 http://blogs.reuters.com/frontrow/?p=16793#comment-390533 Timothy Geitner wants control of the remaining financial industry not under FDIC or SEC. The White house has forced out Rick Wagoner. I do not believe the Federal Government, specifically the Executive Branch, should be hiring and firing CEOs or determining what companies stay in business and what don’t. Germany, Japan, India and other nations are providing assistance to their auto industry with out such draconian measures as we are seeing here in the U.S.. There is a power grab by the Executive branch that is unprecedented in U.S. history. Congress seems unfazed. I believe no such parallels can be found even during the war time economy of the 1940s here at home.

A quote from George Washington’s farewell address to the nation concerning the distribution of power in government seems appropriate. “But let there be no change (of power) by usurpation; for though this in one instance may be the instrument of good, it is the customary weapon by which free governments are destroyed”. Perhaps a review of the 1930s global economic collapse and the subsequent rise of fascism will provide us with much needed lessons to learn here at home.

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