North Central West Virginia
Tea Party
Follow us
  • Home
  • Monthly Meeting
  • Blog
  • Membership
  • Events
  • Contact Us
  • Contact Elected Officals
  • Meeting Minutes

Too big to fail

7/23/2013

3 Comments

 


By Tim Fullerton

How many times have we heard this phrase in the past couple of year?  The insurance company, AIG was too big to fail.  General Motors and Chrysler were too big to fail.  An untold number of banks were too big to fail.  It started in the Bush Administration and continues to this day.

The free market economy is all about winners and losers.  The cycles of boom and bust are despised by socialists and communists, whose entire purpose is to even out the economy so no one can win big and no one can lose big.  But these cycles are the natural way for the economy to “refresh” itself.  As new technologies, for example, reach the market, older technologies must either change or fail.  

Should the age of the personal computer been halted because the typewriter manufacturers were too big to fail?  Deny automobile companies the right to make cars because it would put the harness and buggy-whip makers out of business?

It's not the job of the federal government to decide which companies deserve bailing out and which ones can quietly go bankrupt.  Should “too big” companies such as these be allowed to continue making buggy-whips blithely knowing the government will prop them up any time it looks like they might be in some kind of financial trouble?  What does this accomplish in the big scheme of things?  

Maybe I should start selling T-shirts with the logo: “Too Big to Fail.”  And sell them in only XL and 2XL sizes.  If my company doesn't succeed, we can always get a bailout, right?



3 Comments
college paper link
4/27/2016 01:17:55 am

This is a fairly accurate statement about the insurance companies. Indeed, can the government decide which of them may go bankrupt, and which may not?

Reply
proofread service link
6/9/2016 12:49:40 pm

In modern world noone is secured from fail and we should remember this. That's why all leaders of any company should remember about this potential risk!

Reply
penessays.com/blog/get-your-essay-proofread-high-quality-is-guaranteed link
2/28/2018 12:56:09 am

In the conditions of the modern market and progress, no one can feel safe, because any company can get unexpected risks and go bankrupt.

Reply



Leave a Reply.

    Archives

    August 2013
    July 2013
    June 2013
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    January 2012
    December 2011
    November 2011
    September 2011
    August 2011
    April 2011
    March 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    November 2009
    October 2009
    September 2009
    August 2009
    July 2009
    June 2009
    May 2009
    April 2009

    Categories

    All
    9/12
    Aarp
    Abortion
    Accountability
    Bailouts
    Banks
    Bible
    Budget
    Cap And Trade
    Career Politicians
    Cars
    China
    Choice
    Conspiracy
    Constitution
    Coops
    Debt
    Deception
    Dictator
    Education
    Election 2012
    Elections
    End Of Life Issues
    Entitlements
    Founders: Keepers
    Freedom
    Get Involved
    Get Invovled
    Global21
    Global Warming
    Health Care
    Home School
    Inflation
    Jobs
    Limited Govermnet
    Limited Government
    Martial Law
    Media
    Moral
    National Emergency
    New World Order
    Obama
    Pacs
    Presidential Executive Order
    Production
    Public Option
    Right To Petition
    Rockefeller
    School
    Sovereignty
    Spending
    Spin
    Tax
    Tea Party
    Town Hall
    Un
    Unions
    Voting
    Vouchers

    RSS Feed


Powered by Create your own unique website with customizable templates.