advertisement

The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!

Search Boortz.com
Enter search terms:
Browse Boortz.com
Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

NEXT UP FOR NATIONALIZATION

By
Neal Boortz
@ June 3, 2009 8:55 AM
Permalink | Comments (27) | TrackBacks (0)

On Monday it was General Motors. On Tuesday, the Senate advanced a bill giving the government some controls over the tobacco industry. Let's see what our imperial federal government can come up with today! Oh wait! Almost forgot. There's Citigroup too. And our health care industry. Are you keeping a list out there? Just how much of our economy is going to be under government control, if not ownership, by the end of Obama's first year. The question now is whether to call this guy a fascist or a socialist. He's certainly not a capitalist.

Well ... it's going to be OK, isn't it? After all, we all recognize that the government does a much better job of running businesses and enterprises than the private sector does. Right?

Let's use the insurance industry as an example here. How would things be different if the government were running our life insurance companies? As things stand the life insurance companies have to take premiums and invest them. The object is to obtain a decent return on those investments so that the company will not only be able to make money for its shareholders, but also have enough assets to pay death benefits as they come due. Now ... if the government was running a life insurance company it would set enough money aside in any given year to cover expected claims, and then spend the rest. There would be no investment accounts. An inability to sell new policies and collect new premiums to cover current claims would lead to failure. Sounds good, doesn't it?

I know you're tired of hearing this, but elections have consequences ... as does allowing ignoranuses to vote



0 TrackBacks

Listed below are links to blogs that reference this entry: NEXT UP FOR NATIONALIZATION.

TrackBack URL for this entry: http://boortz.com/blogging/mt-tb.cgi/32842

Jamie Dupree's Blog

If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C.

Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze!


Avg. rating: N/A

What others are saying

  • wondering
    Why is the constitution being ignored so much?
    Is it really the government’s responsibility to “protect” the citizens from every little thing that may harm us?
    What the hell happened to the 10th amendment?
    What the hell happened to personal responsibility?
    Do we really need government to tell us what we can have and how much?

    I know there are way too many people who only get their education from government schools and entertainment TV, and yes, I was myself government educated, but I was fortunate enough to attend schools on and adjacent to Air Force bases, which did teach more about responsibility rather than feelings.
    I learned that wrong actions have consequences, and the right actions have rewards. But not in today’s world, ignorance and underachievement is rewarded, keep that in mind when you hear the government says “those who qualify”, its code for “you’re a loser and we will reward you”.
    Why can’t people make decisions when they are given factual information? if they make the wrong choice, they learn from it and recover from it, they should not be rewarded from the government by extorting money from the responsible to give to the irresponsible.
    “ Those who want more government control, want less freedom”
  • A very telling quote from Obama
    "I want you to know that what you're doing is making a sacrifice for the next generation -- a sacrifice you may not have chose to make" - B.H.Obama commenting on the GM nationalization and the subsequent, politically motivated closings of dealers who had given to the RNC.

    It seems us who work and are conservatives are busy "sacrificing", while those who subsist off the government teat are the ones "benefitting".

    Behold, the "change" PrezBO has brought to this once-proud nation. Socialism.
  • federal gubment
    Imagine your business failing and the federal government coming in to save the day, because they are more capable than you.

    When that day comes, shoot me in the f#@king head.
  • @ Greg
    Secondly, no one is talking about regulating your landscaping business. Go over leverage yourself on some new lawnmowers.

    However, the financial services industry is an industry that DOES need regulation. Otherwise, we revert to the 1800's when banks took people's money and then claimed to go bankrupt.

    Casinos are more heavily regulated than the insurance companies! The gov't is more adept at protecting degenerate gamblers than society as a whole??

    Use your head, man, think!
  • @ Greg
    Your POV is about making money ... mine is about extravagant risk.

    The gov't looked the other way while insurance companies (amongst many others in the financial services industry) overloaded themselves with leverages assets all in the name of profit.
  • Who else should you be making money for?
    "Making money for the shareholders cannot and should not be the bottom line!"

    Who do you propose that we work to make money for? I tell you what. I'm making money for my family. If me and a friend of mine want to go into business together, then it is our freedom to do so. If we fail, we go out of business. If we succeed, we make money. If we make BIG money, someone may one day buy me out, or we may hire new people, or we may go after more business. I don't see a problem with that. After all, who decided to take the risk of failing in the first place? Me.

    A little piece needs to go to the government, because they made it possible for me to work and also keep my private property. They also protected me from other countries invading and seizing my property, and either killing me or turning me into a slave. They should protect our borders and protect our free and private contracts.

    I'm also thankful to others. Others helped encourage me, support me, and even kicked me in the pants more than once. When I succeed, I also donate to charity. That is also my freedom. Only I should have the real freedom to charitably give my money away. And you can bet I will be picky to whom I give that money.

    But someone that never took on the risk with me, and never worked in the trenches with me, has no right to tell me how to run my business, nor to whom I will give my charity to. They don't deserve the privilege and they certainly don't share the respect I have to give.

    Who else should I make money for? You? The man down the street? Or whomever Barnie Frank decides? I don't think so. And who would have the audacity to say that decision is no one else's but mine?
  • Neal Advocating Less Government Action on Tobacco?
    Is this the Twilight Zone? Since when does Neal care one wit about what happens to the free market of tobacco and the people who use it? He's constantly harping on smokers as idiots and applauding anti-smoking laws, this should be more to his liking!
  • we're lost....
    ok. here goes....

    as the romans and greeks before us learned too late, when apathy sets in and gubmint takes over, the society plunges head first into the cesspool. we have lost control of our gubmint and I don't mean just recently. almost since it was established, those in power yearned for more power, we gave it to them!

    if you try to steal a whole pie you will be seen however, a bite here and a bite there soon the pie is gone and no one suspects anything. oh there is that loud mouth couple of folks but they can be shushed by the thieves and their pals.
    thieves= politicians
    pals=media, big business, dumbasses.

    can any of you fine folks find fault with my statements so far?

    the options are armed revolt, not going to happen. or a complete shake up of our current make up of the gubmint system.

    single terms, no perks, absolute transparency.

    NOT GUNNA HAPPEN!!! why not????

    DUMBASSES!!! that's why not!

    doom and gloom ahead? you bet your ass! we are lost and recovery is not an option.

    oh! osamabama is over kissing his stinkin' muslim masters asses as I type. need more proof than that?
  • I only smoke when I'm on fire, but I love that ashtray.
    I had a very intelligent and artistic (but even more demented)friend in school that made an ashtray that looked like it was cut from one side of a lifesize cancerous lung. He glazed and colored it perfect so it looked freshly dissected.

    I'd love one to encourage smoking in my living room. I don't ban it because wimpy air nazis (they'll usually complain about anything in the air except BO) irritate me even more.
  • Copyleft
    Please tell me something the government oversees that isn't a total bust. Even the best military force in the world has been reduced to a PC cluster**** because of Congress' posturing and indecisiveness. They function best when they are released to do what they do best (then castigated for it later). Public education? Veteran health care? IRS? Border security? What does the federal government do that can't be done better by private industry? And if you think the government isn't screwing you every bit as much as corrupt business owners, you are extremely naive. You are snickering at your own idiocy.
  • Investments
    What happens when the insurance companies take on high risk investment for the purpose of "making money for its shareholders" and those investments turn sour (or the entire economy turns sour) and the private insurance company goes belly up?

    Gov't health insurance = NO
    Gov't Regulation on how much the insurance company must have in liquid assets to pay off every premium it sells = Yes.

    GREED IS NOT GOOD! Making money for the shareholders cannot and should not be the bottom line!
  • Don't be coy Copy
    To: Joyce
    I agree with you 100%. We definitely need more accountability and transparency in our government, too.

    That's why I was fighting so hard against the "default setting" of secrecy and utter lack of accountability throughout the Bush administration... I assume you were doing the same?
    By Copyleft

    Yeah I've been yelling about Bush for some time but he is gone and not much can be done now on that. HOWEVER Obama is here now and doing three times WORSE so where do you stand on his accountability?
  • Nothing about govt management is transparent
    "Neal's right again! There's nothing more terrifying than the thought of corporations having to deal with some measure of transparency and accountability to the public."

    Kind of like the transparency we have over Social Security and Medicare, right? You know, the "trust fund" that is all locked up nice and safe. Ohh...its not!

    Of course, we all know that executives like Bernie Madoff and the Enron CEOs running corrupt businesses never get hauled off to jail and that they keep succeeding in the free market forever, right? Good thing we don't have govt institutions automatically paying big bonuses during economic hardships....(please don't mention Chris Dodd's $165,000 bonus, Barack Obama's $126,000 bonus, and John Kerry's $111,000 bonus)

    The idea that somehow the govt is better at running corporations is a crock. And yes, they are RUNNING them. When President Obama can effectively fire a CEO without a shareholder vote, and also cut advertising/marketing budgets in half, he is RUNNING the company.
  • Free market pressure is healthier than govt pressure
    "Plus, without government pressure, GM likely would not have made some critical restructuring moves."

    Uhh, with NO bailouts, GM would have received TONS of free market pressure.

    Remember Enron? They asked the Clinton administration for bailouts, and got them. They later asked the Bush administration for bailout and got $0. They finally went belly-up and were washed out by the free market faster than an Obama bankruptcy proceeding, since they were no longer on taxpayer-funded life support.
  • Wow...
    How is this country not up in arms over this? I cannot for the life of me figure out why we have not thrown these liars out on theirs butts. It is plainly obvious that our Government has become absolutely tyranical at this point. Bush was only a taste of what was to come with Obama. I really have no clue how much longer this can go on. We went to war with the British over less. There is serious talk about countries dropping the dollar. Our AAA rating is so close to going away. I have heard several economists now say that they are 100% sure that the US economy will collapse in 2009. There is a brand new wave of home foreclosures about to come down the pipe as well as additional company closures. You can buy skyscrappers in New York city for next to nothing. A 47 story building sold last week for $100,000. It is a fire sale. With taxes going up I am sure businesses will move out of New York so fast it would make your head spin. No one knows what to do and I do mean no one. Geithner gets laughed at in his face when he asks nations to take on more US debts. This is it. I give it until September. This Summer gas prices will strain everyone to near breaking point. Once the US dollar collapses things will dramatically change here. We need to be prepared for anything at this point.
  • To: Joyce
    I agree with you 100%. We definitely need more accountability and transparency in our government, too.

    That's why I was fighting so hard against the "default setting" of secrecy and utter lack of accountability throughout the Bush administration... I assume you were doing the same?
  • stop crying start growing up
    http://www.businessweek.com/magazine/content/09_19/b4130024103079.htm

    cry your ridiculus rants all you want and read the reality of the GM situation
  • people who voted Bush....
    Just think you help put the socalization of America into place. Sure Obama,Bush and Cheney are different people and the 2 parties have different names but the agenda of neo-con/Roman empire government expansion is the same. The only way to combat this stuff is to turn your tv off, pick up some Frederic Bastiat,Michael Badnarik and John Stossell books and not allow the propaganda media to convince you that voting for Libertarians or traditional conservatives(like Ron Paul) is a waste.If you believe in small govt, vote that way no matter what. Keep in mind the Republicans at this point simply like to tinker with socialism(as we saw with Mccain and Bush) the Republicans have nothing to do with small govt anymore. The Patriot Act is our proof.
  • BE REALISTIC instead of hating everything he does
    Make no mistake: The White House and the task force overseeing the restructuring of both GM and Chrysler since February are calling the shots. The latest GM plan unveiled on Apr. 21 to slash more jobs and dealerships, shut down the Pontiac brand, and swap up to $27 billion in unsecured debt from bondholders for equity has heavy government input. GM can't complain too loudly. After all, it has received $15.4 billion in government loans and needs much more to survive. Plus, without government pressure, GM likely would not have made some critical restructuring moves. In fact, GM is about to embark on a crash diet that will leave it a much diminished though more focused company, whose dominant shareholders could ultimately be the government (50%) and the United Auto Workers (39%). Inside GM, executives have little choice but to adapt. "It's an indictment of our management that they're here," says one designer. But this bizarre alliance is probably GM's best hope for survival.
  • Re: Larry - Remember the quote from Alexander Tytler
    A democracy cannot exist as a permanent form of government. It can only exist until a majority of voters discover that they can vote themselves largess out of the public treasury.

    The Statists can only succeed if the achiever's and producers sacrifice themselves to the collective.

    Statism has ALWAYS FAILED, inevitably there will achiever's and producers willing to be enslaved by the Statists and it will collapse on it own – but only after great suffering.

    There HAS to be a way of fighting Statism before it's TOO LATE.
  • Funny Quote
    "There's nothing more terrifying than the thought of corporations having to deal with some measure of transparency and accountability to the public."

    Gee, maybe the Government should try that!!!
  • When are WE THE PEOPLE going to stand up and STOP this madness? Isn't the government supposed to be working for US? Not the other way around.......
  • "elections have consequences ... as does allowing ignoranuses to vote."

    I'm afraid you've hit on the root of the problem. Lots of ignoramuses bought Obama's hope and change BS and turned out to vote in record numbers.

    In a short time we'll have 51% of the electorate that pays no federal income tax. Those people will vote for the candidate who promises them more government money bc other people will be paying the bill. They will create a permanent majority to elect socialists like Obama.

    Democracy doesn't seem suited, at least in the long term, for a populace that contains a huge amount of these people.
  • Change we can believe in
    This is more Change we can believe in. Smart people and those with the means right now are probably moving their capital offshore. Who knows if Obama will come and confiscate it?
  • Bill
    And Philip Morris went along with this. Hmmm, maybe because they have been promised the license to grow and market marijuana when it becomes legal...
  • Fascist or Socialist? Let's just stick with Statist and not have to worry about differentiating things.
    Oh and for reference:

    Definition of Statism from the Merriam-Webster online Dictionary.

    Concentration of economic controls and planning in the hands of a highly centralized government often extending to government ownership of industry.

    Statism
    Function: noun
    Date: 1919

    Concentration of economic controls and planning in the hands of a highly centralized government often extending to government ownership of industry

    http://www.merriam-webster.com/dictionary/statism


    Statism

    The practice or doctrine of giving a centralized government control over economic planning and policy.
    Answers.com

    People shouldn't be allowed to vote unless the have a basic understanding of civics – especially those definitions.
  • Gosh....
    Neal's right again! There's nothing more terrifying than the thought of corporations having to deal with some measure of transparency and accountability to the public.

    I mean, they've done so many wonderful things for the country when left to their own devices! Why on EARTH should the people have any say in what they do to our economy, environment, health, and standard of living?

    (snicker)
send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
advertisement