I guess it was the only prudent thing to do when the federal government seized control of AIG, effectively nationalizing the nation's largest insurer, yesterday, rescuing it from bankruptcy. And it was only prudent when it took control of Freddie and Fannie to prop up the mortgage industry. Here we are mocking and criticizing Hugo Chavez for nationalizing all Venezuela's industries and we nationalize part of our insurance industry. I wonder when the federal government will give up control and return it to the investors where it belongs? If Obama and his party of socialism sympathizers get elected, don't expect it to ever return to private hands. And look for more examples of nationalization in the name of "the greater good" in the energy industry, banking industries, and even manufacturing industries. When the federal government seizes control of a sector of the economy, it never, ever relinquishes it.
Congress getting a taste for the power that comes with nationalization is like a pet dog getting a taste for blood after it's first kill. You might as well put it to sleep because it'll never stop killing after that. It's just too bad that many dumb-assed Americans(read democrat core voters) long for a nanny-State that provides for their each and every need from the cradle to the grave. Americans no longer want the independence and freedom that come with being responsible for themselves. They'd rather trade that freedom and independence for security even if it means the government totally controls their lives.
How suicidally awful it must be to wake up every morning, face yourself in the mirror, and see that you are a worthless, whining degenerate who wants depraved, self-serving men in Washington to treat you like a helpless child, feeding you when and what they want you to be fed, housing you when and where they want you to be housed, employing you when and for how much they want you to be employed, consumimg energy at a rate they determine is best for you, and providing healthcare when and if they want you to get better.
This is the path we're on my friends. The nationalization of vast swaths of the American economy....control that politicians are not likely to give back to the private sector where it belongs, once they feel the heady rush of power that comes with weilding that control.