From David Moon on Knox News.

I’m really impressed by this editorial by David Moon on the Knox News website. First, I really agree with what it says. Second, it reallys helps articulate why government intervention in failing industries is a dangerous and bad thing.

How would you like to be Ford? Ford made difficult decisions a few years back that left them in a competitive position to say “no” to government funds and intervention. As a result, they’re being rewarded by the government “saving” the competition from failing. Its really ridiculous and contrary to most free market economic theory. Nothing is too big to fail.

The scary thing about the reckless abandon of the Obama administration is that they plan on repeating this process. They’ve already done it with banks and automobile companies. I think the health care legislation is setting the stage for a similar result in that industry. Where next?

I’m not really a doom and  gloom kind of guy.  I mean, Obama and the Democrats won pretty squarely and they deserved an honest chance. But seriously, I’m starting to think that we’ll need something like Ron Paul to get us back on track. And if you know me, you’ll know that I think he’s WAY wrong about foreign policy. I’m starting to see a place in the not-to-distant future where we’ve got a REAL economic problem– unemployment rates stays high, GDP goes stagnate or decreases, and new business creation stalls out. The players won’t have the resources or the free movement to survive, let alone succeed. Entrepreneurs won’t be able to seed opportunities or find early adopters with discretionary income. There is going to be sooooooo much to undo.