We Have Your Bailout—Now Butt Out

PhilipD's picture
Submitted by PhilipD on Mon, 2009-06-15 11:13

Recently the U.S. Chamber of Commerce announced a $100 million campaign to ‘Free Free Enterprise.’ “Supporters and critics alike agree that capitalism is at a crossroads,” said U.S. Chamber President and CEO Thomas J. Donohue as he explained the need for such a campaign.

That capitalism is at a crossroads is obvious as we watch the government further extends it slimy tentacles into the areas of energy, banking, the auto industry, health care, consumer lending, financial services and excutive pay rates and incentives. There’s no sign of its slowing down either, is there?

“It’s time to remind all Americans that it was a free enterprise system based on the values of individual initiative, hard work, risk, innovation, and profit that built our great country. We must take immediate action to reaffirm the spirit of enterprise in America,” Donohue continued.

Amen!

Thing is though that Donohue and his Chamber have done as much as anyone to trash the free enterprise system; disgracefully they pleaded for other folks' cash for their members' ailing businesses during the economic meltdown and they hailed the bailout when it was announced. Rather than being advocates for capitalism the U.S Chamber of Commerce has shown itself as just another weak-kneed organization that is happy to fleece the taxpayer when it can. Hypocritical bastards.

Had Donohue and the members of his chamber fought government to allow businesses to fail as the market dictated instead of bringing out a begging bowl of its own the fight to free free enterprise would be much further advanced. That wouldn’t have cost $100 million dollars, either.


( categories: )