Here's a headline that shocked me: Obama Halves Chrysler's Planned Marketing Budget. That's the president of the United States telling an American automaker how much it can spend on advertising. This is what we can expect when quasi-nationalization occurs in private industry. Accept bailout money and lose operating control, even in marketing. I have to say that I hate this concept and it worries me to see this happen. Our economy is built on the principles of free enterprise and you (in theory) rise or fall according to your merit and the marketplace. Unless the federal government steps in and takes control as a return for the cash to keep the doors open. If you thought Cerberus couldn't run Chrysler, wait 'till you see the government try!
A while ago the head of Russia was visiting the US and noticed some highly critical remarks published in a local paper about his host, the American president. He asked our president why he didn't simply fire the newspaper editor. The response: I can't do that; we don't do things that way in the United States." Well, look at what's happening now. Government steps in with money, and suddenly executives are fired and marketing budgets are cut. Is this what we really want?
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