Big Government, Big Business, Big Labor

http://www.futureofcapitalism.com/2010/09/big-government-big-business-big-labor

Michael Barone has a new column up:

The Obama Democrats, faced with a grave economic crisis, responded with policies appropriate to the Big Unit America that was disappearing during the president's childhood.

Their financial policy has been to freeze the big banks into place. Their industrial policy was to preserve as much as they could of General Motors and Chrysler for the benefit of the United Auto Workers. Their health care policy was designed to benefit Big Pharma and other big players. Their housing policy has been to try to maintain existing prices. Their macroeconomic economic policy was to increase the size and scope of existing government agencies to what looks to be the bursting point.

What we see is Big Government colluding with Big Business and trying to breathe life into Big Labor.

by Editor  |  Sep 1, 2010 at 7:49 am Related Topics:  Auto Industry, Capital Markets Regulation, Health Care receive the latest by email: subscribe to the free futureofcapitalism.com mailing list