If companies are deemed too big to fail, then why do we allow them to become so big in the first place? Antitrust laws are in place to prevent monopolies and encourage greater competition that would result in greater business efficiencies. If these laws were enforced, perhaps the current economic downturn would not be as severe.
Obama is an opportunist. Obama is now using the AIG fiasco, that appeared disastrous to his party, to pursue another federal power grab so the government can save nonfinancial institutions deemed too big to fail.
U.S. agriculture is dependent upon cheap energy. Cheap fuel and electricity allow our growers to produce goods at low cost which keeps prices down in the grocery store. Let's look at the dairy industry. In 2008, milk pay price was at an all-time high, but so were energy costs and feed costs (blame ethanol for taking food from the cow's mouth). Therefore, the dairymen made very little profit. This year, prices are approaching all-time milk pay price lows. Dairymen are going out of business all over the country with no bailout. An estimated 1.5million will be slaughtered this year as a result (that should help with global warming so maybe there is a reason to the madness). In order for dairymen to recover from this downturn, a period of reasonable milk price, cheap feed (partially dependent on energy costs), and cheap energy must exist. Cap and trade will substantially impact recovery and lead to greater hardship for U.S. agriculture. As more farms go out of business, the U.S. will become more dependent on foreign sources of food.
Regarding federal term limits, is there a possibility that the U.S. Supreme Court could overturn the 1995 decision in U.S. Term Limits, Inc. v. Thornton, 514 U.S. 779 which ruled that states cannot impose term limits upon their federal Representatives or Senators? Could we "encourage" a state legislature to vote in favor of term limits in order to facilitate another court case? How else could federal term limits be imposed? A 2/3 U.S.House vote in favor of a Constitutional amendment is out of the realm of possibility at this point.
I was born and raised on a dairy farm and currently practice as a veterinarian for dairy farmers. The consequences of this legislation are broad-reaching. Unfortunately, we can blame this legislation on the failures of a few farmers and processors that have resulted in death, excessive media coverage, and public panic. Justified? You be the judge. Fortunately, U.S. agriculture is good at problem recognition and self-regulation. My biggest concern with this government, is that they fail to see agriculture as a vital segment of our national wealth. The vitality of U.S. agriculture is a national security issue. As more farms fail, we become more dependent on other countries to feed our population.
We have clearly stated that in order to instill national change based on principles and values we need to focus first on the foundation, starting with the individual. Only when we discipline ourselves to live a principle-centered life can we lead by example to instill change in family. After the focus on family and after we get our own house in order, we begin influencing our communities by exhibiting principle-centered leadership. How can you effectively lead and influence the masses with integrity, honor, and respect when your life is in complete disarray. Many of us on this list would like to participate in the public forum but we simply lack the time because of our dedication to work and family. Glenn, I would love to see you interview Steven Covey.
In addition, we need to identify potential candidates for public office whom support our ideals and begin the campaign.