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CHICAGO - SEPTEMBER 22: Transportation Security Administration worker Jacqueline Perkins-Brown demonstrates a new Explosives Trace Detection Document Scanner at O'Hare International Airport September 22, 2004 in Chicago, Illinois. The Transportation Security Administration (TSA) announced the deployment of new document scanners that can "sniff" passenger documents such as boarding passes and drivers' licenses for traces of explosives. (Photo by Tim Boyle/Getty Images)
CHICAGO - SEPTEMBER 22: Transportation Security Administration worker Jacqueline Perkins-Brown demonstrates a new Explosives Trace Detection Document Scanner at O'Hare International Airport September 22, 2004 in Chicago, Illinois. The Transportation Security Administration (TSA) announced the deployment of new document scanners that can "sniff" passenger documents such as boarding passes and drivers' licenses for traces of explosives. (Photo by Tim Boyle/Getty Images)
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Can Your Government Keep You Safe?

Automobile, Airplane, Electricity, Telephone, and radio/TV. All were invented and pioneered by private citizens and the Federal Government has commandeered all of them.

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DETROIT, MI - JANUARY 14: A Chevrolet Corvette Z06 is shown at the press preview of the 2014 North American International Auto Show January 14, 2014 in Detroit, Michigan. Approximately 5000 journalists from more than 60 countries are expected to attend. The 2014 NAIAS opens to the public on January 18th and ends January 16th. (Photo by Bill Pugliano/Getty Images)
DETROIT, MI - JANUARY 14: A Chevrolet Corvette Z06 is shown at the press preview of the 2014 North American International Auto Show January 14, 2014 in Detroit, Michigan. Approximately 5000 journalists from more than 60 countries are expected to attend. The 2014 NAIAS opens to the public on January 18th and ends January 16th. (Photo by Bill Pugliano/Getty Images)
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Unintended Consequences of The GM Bailout

The largest industrial bankruptcy in history took place on June 1, 2009. GM came to court with $82 billion in assets and $173 billion in liabilities.

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(Photo by Scott Olson/Getty Images)
(Photo by Scott Olson/Getty Images)
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GM: Government Motors, Not the First Bailout to Fail

It’s said that those who refused to learn from history are condemned to repeat it. It looks like the president refused to learn from history that the nationalization of companies rarely work to the good of the public taxpayer.

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