Thune Works to Put Government Back in the Box

Senator John Thune (R-SD)

Senator John Thune (R-SD)

Many of us knew when America elected an openly Marxist president last November that the country was about to go through some serious changes.  Even so, it has been stunning how much has changed in less than 6 months.

One of the things “unthinkable” just a year ago is the intimate level at which the federal government is running so many private businesses, including the auto industry.  Government bureaucrats are calling the shots on CEO firings, CEO pay, dealership closures and more.

This unprecedented and un-American meddling in private business is all being done under the atmosphere of “crisis” which has come with the financial meltdown last year and subsequent economic problems. Though this statist meddling never should have begun in the first place, when it it going to end so that American can return to the free, limited government nation we were founded to be?

As the Heritage Foundation’s blog The Foundry points out, liberals were all a-squawk for a withdrawal deadline from Iraq, but couldn’t care less if the government ever gets out of the business of running private companies (maybe that’s the point–they want that to be a permanent relationship).

But Senator John Thune (R-SD) and Senator John Cornyn (R-TX) are looking to get the government out of the private sector as soon as possible and get our free-market economy back to working as it was intended.

From The Politico:

Sen. John Thune (R-S.D.), the chief sponsor of the divestment legislation, will introduce his bill on Thursday. Under his proposal, the federal government would have to divest its shares by July 1, 2010, and would be prohibited from taking new ownership stakes in private industry, forbidden from influencing management decisions and required to submit a plan on how it plans to end its interest in Fannie Mae and Freddie Mac.

The bill, co-sponsored by the Senate Republicans’ top campaign strategist, John Cornyn, also would give the Treasury Department some flexibility in holding assets until July 1, 2011, if the assets are undervalued and there is a “reasonable expectation” that they will increase to their original purchase value, according to a copy of the summary provided to POLITICO.

Big government socialist liberals will, of course, fight this effort to restrain government and restore the free market.  But it is beginning to look like the liberals in congress have overplayed their hand.

These draconian government takeovers of the private sector, these gargantuan taxpayer-funded bailouts and stimulus packages, these plans to socialize health care in America, these plans to impose a harsh global warming tax…all this has served to spawn taxpayer outrage like America has not seen since the Revolution.

With the Tea Party movement bringing out a million angry Americans on April 15, with plans to send another message to Washington on Independence Day, the political pressure from “we the people” may be coming to bear in sufficient strength to stymie the socialists who want to tear down our country.

There may be enough of that heat already present to garner support for Thune’s bill and get this section of America back on track.  Time will tell…

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