Let's start a pool.. What's next to be nationalized?

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