IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Workers' Comp

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Workers' Comp: "Industrial Policy: Democrat-controlled Washington refuses to let go of the executive bonus issue but is downright eager to let go of executives. Has tyranny become a governing principle?"

Rather than trying to reform an institution or move the republic forward, Kucinich, Frank, Cuomo and a long list of others simply want to use their offices to punish people they don't like.

They will harass them with subpoenas, grill them at hearings, strip them of their bonuses and incite public anger toward them.

And if those tactics don't work, they will fire them.

Maybe it's too late for Wagoner, but we would like to see the next executive the administration fires refuse to leave and sue federal officials for interfering with his business.

Bailing out a company with taxpayers' money does not give the government the authority to, in effect, seize the business. That might happen in the Third World, but it shouldn't happen here.

In excusing the creeping federal takeover, Geithner said the government has had to do "exceptional things." What it's doing has gone beyond exceptional and entered into the outer sphere of tyranny and possible illegality.

It needs to be stopped before it goes any deeper — or causes further serious damage to our capitalist system.