Over the past 4 weeks or so, I have been listening to an audio version of Ayn Rand's Atlas Shrugged
. It is a very interesting read in this day and age, where our Federal Governemnt has interfered in the bankruptcy of General Motors, Chrysler, and likely some of the financial institutions (probably Citibank). I can imagine such characters such as Wesley Mooch, Mr. Thompson, Jim Taggart, and other various characters and directives for the governnment for the whole good of the people.
One reaction that I couldn't help but hear was the reaction to the temporarily stay on the Chrysler bankruptcy. If you read the following Wall Street Journal Article
, the implications are as follows:
"By refusing to make the relatively small sacrifices that would avert a calamity, the pension funds will instead create a great catastrophe, which is the same kind of shortsighted thinking that got us into the Great Depression," Dingell said in a statement. "Make no mistake: If these pension funds can't see past their own pain, they threaten to create a kind of agony for their state and the nation that is difficult for most people to imagine or condone."
People should sacrifice for the common good??? Come on, Congressman. What country are you living in?