Government regulations are not the answer

The United States government have been extremely busy the last few years writing bills to regulate our society.  In the clip, Congressman Ron Paul suggest that a free market will help decide what products consumers demand, not government regulations. 

These regulations have become such a burden on small business in the United States, it makes it easier for foreign competitors to sell at a lower cost.  In a free market, the taxpayers would not have bailed out any of the companies that made incompetent, and in some cases, fraudulent decisions.  The majority of the companies that received money from the government would be out of work.  Companies that made smarter decisions would be able to pick up the pieces from the bankruptcies and gained market share.

I can't think of many industries in which the government interfered and made it better.  See the following examples:

1. Car industry - bailed out several auto manufacturers, and none are in a better situation.  GM is on the verge of bankruptcy (again)

2. Banking - The US government tinkered with loan provisions for banks, which basically forced banks to loan money to unqualified people, which led to a massive amount of foreclosures.  The US government is now suing these banks to recover the amounts lost from these loans. 

3. Healthcare - The recent legislation passed will soon be taken up with the United States Supreme Court.  I am hopeful it will be ruled unconstitutional.

4. Postal service - Postal service recorded a net loss of $8.5 billion the last fiscal year, and $3.8 billion for the year before.

5.  United States Government budget - our government officials continue to run the country on a budget deficit of close to $1,000,000,000,000 a year.  Our total debt for our country is now over $14,000,000,000,000.  The politicians cannot operate on any type of budget, which is why they shouldn't be allowed to run any business in the free market.

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