Wednesday, September 24, 2008

Don't Let Them Fool You

The latest bailout is supposed to stop the imminent crash.

Why do we want to stop it?

To save our system? To save the country? To save our way of life? To save our American Heritage? To save our prosperity and financial institutions? To preserve the precious Free Market Capitalism—the greatest engine of prosperity in the history of man?

Problem: The bailout, especially as enacted by this Congress results in Socialism. The "solution" doesn't solve the problem. It's a doctor telling you that the only way to "save" you is to kill you.

What exactly is this "saving"?

What this will accomplish is putting the government in charge of our financial markets. Which means...putting them in charge of everything.

Well, everything that requires money, or credit, or loans.

And what does government do? Control, regulate, manage.

It was government that got us here in the first place.

It was not the "free market" that encouraged bankers to give loans to people incapable of repaying them. It was government interference and mandates in the mortgage industry that started this avalanche. Excuse me if I don't want the same assholes telling me how to fix it....insisting that they are the only ones who can.

Under "free market" conditions, no banker will loan money to someone who can't pay it back. It is only when the government forces him to, and then guarantees the bad loans—with taxpayers' (OUR) money.

"Government is not the solution. Government is the problem." Sound familiar?

If we go ahead with this bailout we end up with Socialism. The government—who caused this financial crisis—ends up in charge of the financial market. Forever. When's the last time government got its filthy hands on anything, and then let it go?

This isn't even creeping Socialism. This is in-your-face, all at once, free-market destroying, overnight power grab, instant Socialism.

We wake up tomorrow in a Brave New World.

Let it crash and burn. And then let the free market loose to clean up the mess. Let's not repeat the disaster created by FDR, and drag a crash into a full blown, decade long Great Depression...by letting government (control, regulation manage, tax) suffocate any chance of recovery.

As Al Gore is fond of saying: "The Debate is Over!" It has been proved without exception that the Free Market without government's invariably incompetent interference, is the fastest, best engine of recovery and prosperity. It creates competition, lower prices, innovation, solutions.

Big gobbling government, run by Liberal Socialists with Utopian agendas to "fix" the world caused this meltdown. Letting them destroy the Free Market is not the solution.

If things go according to government plan—which is always to grab more and more power...bailing us out of this crisis will only insure that we never again have a real Free Market and the prosperity it generates. We will end up with something like the staggering, stagnating economies of Europe with all of their attendant problems.

So, let's pass on this "solution" that requires we kill the Free Market in order to "save" it.

Politicians who interfere with the Free Market should lose their jobs. Greedy financiers who profited on bad loans by knowingly pawning them off on others should lose their money. People who bought houses they couldn't afford should lose them.

Lesson learned.

The Gunslinger

UPDATE: How about we consider some options? This might be a good start.
.

1 comment:

  1. Been amazed at the "in-your-face" power grab the last two weeks,myself.Wag on the local radio called these latest attempts the "Leave No Banker Behind Acts" (while acknowledging they've been forced to make these bad loans by the Feds,starting with Clinton Administration,tho the roots were Carter's Community "Reinvestment" Act.When I hear a politician say "reinvestment" and "Government" in the same sentence,I get apoplectic...

    ReplyDelete