Congressman Zach Wamp, Third District of Tennessee, Link to Home Page
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Federal Government Oversteps Role With GM
 
June 12, 2009
The federal government has once again overstepped its role, exerting too much control over the free enterprise system. The failure of the automakers bailout and the grossly mismanaged Troubled Asset Recovery Program (TARP) are prime examples of what happens when the government inserts itself into private industry. President Obama has taken partial ownership of General Motors (GM), promising not to micro-manage the company even though he has already fired GM’s CEO. This is not the proper role of the federal government.
Consistent economic policies like tax relief for working families, help for small businesses across the country, and less government spending are needed to get folks back to work and our economy moving again. I will continue fighting against the expansion of the federal government and for a more conservative approach to our economic challenges. 
 
 

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