Wednesday, June 2, 2010

Government take over?

Much has been made recently about the so called "government take over" of the banks and GM. While I don't like that this is tax payer money for private businesses, I certainly understand the logic behind it and happen to agree with the course taken.

Similarly there are many people now concerned about the oil spill and calling for more government action maybe even a....government take over. I would like to point out that you can not be against the take over in the first instance and for it in the second. You have to pick a side here, or brandish yourself a hypocrite. I assume that BP is doing everything it can to stop the well because A) every gallon in the ocean is a gallon less for the to sell and B) a massive oil spill is not good publicity. But I also believe that the government can help out. We could put a few thousand people to work and charge BP for the cost of the clean up. Now that is my idea of a bailout.

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