Random Thoughts
I am bothered by the fact that the federal government has taken a tremendous financial and management role in a number of critical U.S. industries such as the auto makers, banks/insurance and broadcasting. In the last six months, the government loaned billions to the Big Three in Detroit, effectively removed the CEO of General Motors and is taking a much stronger role in deciding what cars will be manufactured. At the same time, hundreds of billions were loaned to several financial institutions including affiliates of General Electric, the parent of NBC. In effect, GE is beholden to the federal government and that calls NBC’s objectivity into question.
I recently read that Chrysler’s Union Retiree Health Fund (United Auto Workers Union) will eventually own 55% of Chrysler. Well, isn’t it ironic that one of the entities responsible for driving Chrysler into bankruptcy will now be the majority shareholder? One wonders if the union’s compensation appetite will be as voracious as it was when the union sat on the other side of the bargaining table.
I wonder if advocates of “universal health care” understand the difference between health care insurance and medical care. Do they truly understand that universal health care does not entitle anyone to better or more medical care?
Now that Supreme Court Justice David Souter has announced his retirement, why are so many people worrying about what group (Hispanic, a woman, etc.) the next nominee will represent? Isn’t it much more important that the next nominee be the best qualified person–whether a woman, man, black, white, whatever–for the job?
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