The federal government now in the farm equipment business

When does it all stop?

Now the federal government is in the farm equipment business. (Hat Tip to Phil Kerpen of Americans for Prosperity)

Back when the original $700 billion bailout bill was proposed, many Republican voices spoke out against it.  As Cong. Thaddeaus McCotter, R-MI, put it, “we are making the choice between bread and freedom.”

Voices were raised about the increasing number of industries beyond the mortgage companies seeking bailout money.  We’ve had the auto indrustry seeking our money, now the farm equipment industry.  We once focused on the mortgage and banking crisis, now it’s morphed into a crisis of jobs which need to be protected with taxpayer money.  Of course the jobs being protected so far are union jobs.

What about small business jobs?  I see no effort on the part of Congress to protect business owners from the threats of a financial downturn.  At times like this, lower Capital Gains taxes would help small business to thrive and grow.  Propping up huge corporations with burdensome union contracts will never make the economy secure.  Our economic growth engine is not fueled by GM or Chrysler or Ford or John Deere.  We produce jobs through small business, not big.  And wealth is produced by the ingineuity of free-markets and the new wealth it generates by allowing innovators to bring new ideas to the market.

A pox on the house of every elected representative in Washington or in the state legislatures or your local city council who sell the snake oil that if taxpayers bail out business we will have prosperity.  Not nation in history has build prosperity in such a manner.

Here are a couple reminders of patriots who foresaw this slippery slope and who were also maligned for doign so.