March 1, 2012

Saving GM

I live in metro Detroit. At the time GM went to Wahington I was only for the bailout if there was a reasonable success plan in place. Romney is wrong. The industry would not have survived if GM went through the normal bankruptcy process. The suppliers in the industry would have been destroyed and so would have 100's of thousands of jobs. Obama made the right decision and fortunately it had the right result. This does not always happen. My party has lost its way led by the Tea Party.

Capitalism is broken and needs fixing or must be further regulated t0 protect the consumer and worker from oligopolies. This is directly related to the inequality of income in this country. If we desire to fix inequality, we must fix capitalism. The United States was founded on the principle that everyone is born with the right to life, liberty and the pursuit of happiness. Early on our forefathers decided the best economic model to reach these pursuits was capitalism. Free markets was chosen to best attain the nations economic objectives. Capitalism is here to serve society. Society is not here to serve capitalism. Read More: http://goo.gl/qwB03

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