White House seeks to take over private business

Today the administration announced plans to give itself greater control over seizing troubled firms. The proposal would give this power to Secretary of the Treasury Timothy Geithner. Mr. Geithner has not had much success so far in his efforts to fix the economy, so do we really want to give him even more unprecedented power. Furthermore, I feel it will be a big mistake to move regulation from apolitical groups to the political Treasury Department. How can we expect businesses to dig themselves out of difficulty with the White House looking over their shoulders threatening to seize them. The more government becomes involved in the private sector, the worse it will be for our long term economic prosperity. This is a proposal that should be denied!