In our new book, "The Great Recession Conspiracy" (available at www.scribd.com), David Zetland and I warned that the U.S. Government has become an owner (and manager) of a wide variety of private organizations, i.e., General Motors, AIG, Chrysler, Citibank, Freddie and Fannie, and a clutch of other banks. We also pointed out that the government has a proven track record of being a lousy manager primarily because there is endless political interference.

This rapid spread of government control over private enterprise is happening with breath taking speed. Here is a current example. Lots of companies lend money to their customers to allow them to buy the company's products. General Electric and Wal-Mart good examples of companies who have such a finance function. Now the government wants to re-classify these companies as banks, and to extend government regulation, and over-sight, of their operations. GE and Wal-Mart are two of the world's best managed companies and neither one of them had anything to do with the looting of the U.S. Treasury. That was the work of a small group of Wall Street bankers and you can read the details in"The Great Recession Conspiracy".

How long to you think GE and Wal-Mart will remain well managed companies if politicians and beaucrats start calling the shots from Washington? Just one example; what if Congress starts deciding where Wal-Mart can buy their products, or where GE can locate manufacturing plants? Are we France yet?

And if you think that is bad enough, the government would also be managing, among many others, Harley Davidson since they also lend their customers money to buy their HOGS. Can you imagine Congress designing Harleys? Good Grief!!