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NATIONALIZE THAT!

November 29, 2003

If you’ve not seen the movie, you’ve probably heard about it. And, if you liked it and wanted more, help is on the way. The movie- Analyze This! The sequel- Analyze That (opening in December).

Where we’re headed as a people and a culture is more to movies like the two above and not enough of movies like, The Emerors Club. Where we are also headed is to more socialization and less entrepreneuralism. It’s coming down to the fact that IF you can’t make it on your own, ask the government to help out. Such thinking has us on the brink of “entitlement-itis”. It’s a word that I just made up but a concept that grows each decade.

So, here’s one for you to watch. Will we eventually nationalize the airlines? With United on the brink of bankruptcy (losing $8 million a day), and hardly anyone making money, let’s “nationalize” the airlines. Since 1970, the top fourteen airlines have seldom made a profit. In fact eight of the fourteen have declared bankruptcy and two are no longer around: Eastern and Pan Am. Continental has declarede bankruptcy TWICE! So what’s a nation to do when a corporation (or industry) cannot make it? Have the government bail them out. It worked for Chrysler, so let’s try it with United, American, or Continental and if that doesn’t work “Nationalize That” (the whole industry). It may take a few years, but I’m afraid it’s where we’re headed in more things than just the airlines.

Written by Ernie · Filed Under Daily Commentary 

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