Great Big Quivering Gelatinous Invertebrate Jelly of Indecision

I just finished reading an article posted by a friend of mine on his Blog. (Chris Hurn, Mercantile Commercial Capital, Orlando, FL). Also to be totally transparent, his company has done a fantastic job providing financing for our new building. Anyway, back to the story. They had made an application to create a National Bank that would be the holding company for their firm and give them greater lending power for people like us who would like to own their own building. But they were turned down even though they were an INC 500 fastest growing company in a failing economy. The governing agency decided they weren't going to approve any more banks for the foreseeable future. He was upset at the government agency for stringing him along, when they are a highly profitable company and showed proven quality lending skills.

You can read his Blog post on this issue at the following link:
The "Great Big Quivering Gelatinous Invertebrate Jelly of Indecision"

What struck me was several people that commented decided Chris' issue was with Obama and that the problem was Bush bad Obama good. I'm not quite sure why it is when we discuss the administration of Career Government agencies and employees; it has to turn into a referendum on one Presidential administration over another. Chis was comparing this experience with his partner's former bank start-up experience. The earlier bank application was approved with people that had less experience and with less proven capital. Several saw this as a Bush/Obama issue when his partners first experience was actually under a totally different administration than Bush or Obama.

So the Presidential comparison was irrelevant to this conversation. Everyone immediately gets defensive and assumes you are badmouthing their candidate. Instead, the issue really is the broken bureaucracy we must wade through to fulfill Government legal requirements and the shroud of hypocrisy that happens when they encourage you to invest your time even though they've decided in advance they aren't going to approve the application.

The Government in general in the Clinton, Bush and now Barrack Obama administrations have in the past and continue to undermined the private sector's ability to excel. The issue is not what President is in office and whether you like that choice. The issue is the bureaucracy our legislature has created over the last 30 years. They find it necessary to create laws to prevent stupidity and greed. When those two are present in a business, and they fail, our government should get the heck out of the way and let them fail. Our economy will survive. It has in the past. Our government should not be in the role of deciding who should fail and who should survive. The truth is, when government takes that path, you almost always just prolong the inevitable. A fine example: do a Google search for "Chrysler Bail-Out 1979."

The Government gave Chrysler $1.2 Billion to keep it from going into bankruptcy. But under the table they did anyway. Creditors only received 30 cents on the dollar. They still laid off 63,000 employees. That sounds a whole lot like bankruptcy to me, without formally calling it "Chapter 11."

Now 30 years later we're back in the same boat with that industry. When does the government stop and get out of our way? Presidential politics should have nothing to do with it. Most all problems are created by large bulbous government agencies and congressional officeholders who must payoff constituents to get re-elected and don't have the fortitude to do the right thing for the country regardless of the election outcome. (All legislators need to be required to read the writings of our founding fathers before they are allowed to take office.) We are repeating the same historic mistakes over and over again except the numbers are getting gigantic.
I welcome your comments on the subject below.