General Motors will be filing bankruptcy today. This has been one of the companies that have been labeled Too Big To Fail. Once again America is governing on a theory that has not been researched, debated or even thought out.

Like The Domino Theory in the Vietnam days, this theory has been put into motion and a lot of things have transpired under this named hypothesis. The problem is no one has studied it to see whether it is true or not. Not a single comprehensive study has been done on the validity of the Too Big To Fail Theory.

Maybe the theory is true, but how on Earth do we really know. There has been countless side effects already recognized that has had a negative effect on free markets. The theory itself seems to include more and more companies under its umbrella. Like the Domino Theory so long ago, we placed all our marbles in it without any experts to debate whether it is true or not. If letting a company fail is actually cheaper in the long run than invoking the Too Big To Fail Theory, then just think about all the long term harm placed on our country due to politicians coming up with some theory.

This theory allows more and more government interference into free markets and many peoples lives. To dive head deep into an ever growing government intervention and control with not so much as a study to prove this theory is true, is horrendous. It reeks of not learning from the past and then repeating it.

General Motors will be filing bankruptcy today after the American taxpayer already coughed up billions of dollars. Billions more will come from the American cough’ers while this Too Big To Fail company navigates its way through bankruptcy court. With General Motors alone, it’s not hard to see this Too Big To Fail Theory needs a second look.

Also, it is not much to ask your government to prove this theory before they invoke it again. I don’t believe the Obama administration considers the Constitution Too Big To Fail. I watch them subvert its constraints everyday and grow government beyond the walls of that written document. It could be the case that when historians of the future study the economic collapse of The United States and write in their future history books about this once great self governing experiment, that the Too Big To Fail Theory was behind the destruction and complete economic collapse of a once great empire.

Last but not least, I have found a place where the Too Big To Fail Theory does work. Just the other night I wanted to make love to my wife and she said she had a headache. It was this moment that I explained the Too Big To Fail Theory and found the place where this theory has its practicality!

C. Rich

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