Thursday, May 21, 2009

3 months

I didn't write for three months.

In that time, the government has continued it's takeover of the insurance industry with several new companies getting TARP money just this week. Two out of three auto manufacturers are either partly owned by the government, or ownership is imminent. The takeover and management of banks has continued with the government meadeling in the board member selections at BofA, and the new backdoor regulation through not letting banks pay back their TARP money. Congress passed a $3.5 Trillion budget, and when considering less than 50% of Americans now pay federal income taxes, that's about $23,000 each. Now the government is like a low flying vulture with the healthcare industry in it's parasitic sight.

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