Sunday, May 23, 2010
Fannie Mae
Speaking of government sanctioned monopolies (their special powers make them monopolies) - everyone just needs to remind themselves of Fannie Mae and Freddie Mac to see what happens. Privatization has to be complete and permanent, that is, government is no longer involved in the service because the service is not a legitimate government function. Anything else eventually, if not initially, becomes a tool used to provide political favors and corruption. Our national airport system is another entity that does not function on any appropriate business model since all capitol improvements (runways, etc). are funded by taxpayers via the federal government. The new terminal was a boondoggle from day one and will continue to be an albatross around the neck of the airport - and, again, I don't want to hear any excuses from them or anyone else about the unexpected downturn in the economy. It was expected by anyway with any common sense who wasn't focused on getting rich quick. By by the way -see this link - grab your vomit bag first. http://www.indystar.com/article/20090920/OPINION01/909200344/1002/OPINION/Keep+Indianapolis+on+country+s+radar+screen
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