During a recent speech denouncing capitalism, Venezuelan strong
man Hugo Chavez said, "Obama has just nationalized nothing more and
nothing less than General Motors. Comrade Obama! Fidel, careful or
we are going to end up to his right." The conversion of General
Motors to Government Motors should be of grave concern to all
Americans. It appears that President Bush's bailout of Wall Street
merely set the table for an all-out assault by the Obama
administration on capitalism.
Thankfully, freedom still has a voice in Congress. Sen. Mike
Johanns (R-Neb.) introduced legislation that would require
Congressional approval before the government takes ownership of a
private enterprise. This bill would allow Congress to stop the
current shift away from free-market principles.
Johanns is not the only free-marketer. Sen. Lamar Alexander
(R-Tenn.) has introduced legislation to require the federal
government to distribute its ownership shares in General Motors and
Chrysler to taxpayers when those companies emerge from bankruptcy
proceedings. Alexander argues, "instead of the Treasury owning 60
percent of shares in the new GM and 8 percent of Chrysler, you
would own them, if you were one of about 120 million individuals
who paid taxes on April 15. This is the fastest way to get the
stock out of the hands of Washington and back into the hands of the
American people in the marketplace where it belongs."
Sen. John Thune (R-S.D.) also joined the fray last weekend,
introducing legislation that would restore private ownership to
companies that have been effectively nationalized. The Thune
proposal would make July 1, 2010 a new day of independence. By that
date, the government would have to sell any ownership stake
acquired over the past year-and-a-half. There's no better way to
fight the ever-expanding power of the federal government's
ownership in private enterprises than to legislate it out of
existence.
Speaking of debt, Federal Reserve Chairman Ben Bernanke told the
House Budget Committee earlier this month "we cannot allow
ourselves to be in a situation where the debt continues to rise."
Sen. Jim Bunning (R-Ky.) responded, "Bernanke helped open up the
floodgates of government spending for the last year. Did he finally
have an epiphany this morning before the House Budget Committee or
is he just trying to cover-up his mistakes? America is looking at
mounting debt because of Chairman Bernanke's support of policies
that will put the American taxpayer an estimated $2.8 trillion more
in the red." The recent explosion of government spending and
expansion of the money supply by the Fed are poor decisions by the
Obama administration that will further lead America down the
pothole-filled road to socialism.
The Supreme Court of Health Care
The recently released health reform legislation drafted by Sen.
Ted Kennedy (D-Mass.) contains numerous provisions that propose
fundamental changes to our health care system. Many are deeply
troubling. One is the call for a Medical Advisory Council that
would be comprised of Washington bureaucrats with the power to make
significant decisions on health policy for all Americans. This
Council would become the Supreme Court of health care, and these
unelected bureaucrats would make final decisions about your
treatment options.
The Kennedy bill includes an individual mandate requiring all
Americans to purchase a health insurance plan approved by the
federal government. The Medical Advisory Council would decide what
constitutes a "qualified health insurance plan." It would also
determine the "essential health care benefits" that would be
included in the much-discussed and debated public-run government
plan that would compete against private health insurance plans if
it's created.
To recap: a faceless group of Washington bureaucrats could be
making life-and-death decisions about private health care for
individuals.
Rather than propose reforms that truly offer Americans better
and more affordable health care, Senate Democrats and the Obama
administration seem eager to expand the role of government in the
lives of individual Americans and their families. By pushing
legislation that contains things like the Medical Advisory Board
these politicians are endangering our freedoms and seek to come
between individuals and their health care choices.
"Save" the Climate -- Hurt Farmers
The national energy tax snaking its way through the House of
Representatives has a new potential victim -- farmers. The
cap-and-trade scheme would increase energy prices, building costs
and a slow the economy. My colleagues at The Heritage
Foundation calculate that farm income, which is the pre-tax
amount that farmers live on after all their expenses, would drop
28% in the bill's first year. In 2035, the last year analyzed, farm
income drops a whopping 98%. These numbers should raise a red flag
for Midwesteners, and cause concern among all Americans who
eat.
Brian Darling is director of U.S.
Senate Relations at The Heritage Foundation