Today, we lost an iconic,  American business in GM’s bankruptcy.  It was brought down by many factors, including excessive union demands and governmental regulations.  And, it won’t be the last company to drown in the politically correct “muck” that makes demands which prevent a company from being competitive in the world.  Too many American companies are weighed down by excessive regulations, expensive union contracts that prevent competitive pricing, environmental concerns that only the American companies must address, and the inevitable  threat of costly litigation if they step “out”  of the politically correct line.

Governmental regulations and intrusion into the business world have cast a long shadow on anyone considering a new business or even investing in a new business.  When the government can arbitrarily decide that one group with no financial stake — i.e., the unions — takes precedence over those who actually invested in a company — i.e., the bond holders — then few are going to be willing to risk their assets in any business that the government could possibly take over.  Usually, this is called nationalization and only happens in third world countries, like Chavez in Venezuela,  where dictators routinely seize assets to improve their own power and control of a country.  For it to happen in America is absolutely unthinkable and absolutely outside the rights granted to our government in our Constitution.  Yet, it did because the Lieberals want to control every aspect of everyone’s life.

So, GM, or Generous Motors is no longer.  Now, it’s hello, GM —  Governmental Madness– the guaranteed method of destroying anyone with ambition… and all to placate the masses. In the long run, destroying those who work hard and save their income has never helped those less successful.   There are always repercussions as New Jersey discovered when they overtaxed millionaires.  Those fortunate enough to leave New Jersey did so, and tax revenue went down!  You can’t make a short man tall by cutting off the legs of a tall man.  And, neither does exorbitant taxation of the wealthy create a harmonious and industrious  society.  Government was meant to facilitate the pursuit of happiness, not become the “Great Measurer” of who gets what.