You Are Among The Elite!

Thursday, September 18, 2008

And In The Left Corner, Wearing The Clown Suit....

...Is the Democratic Congress and their candidate for President.

The country just needs to stop what it is doing. Sometimes the right thing to do is nothing, yet we insist on action. Our government is in a state of panic. They say they aren’t, but they are biting their nails over the current economic situation and making a daily reactive decision to daily events.

Take a minute and read about Whack-A-Mole Management and see if this is exactly what the government is doing. They just spent $85 BILLION dollars of YOUR money to bail out a private company. This is a week after taking over Fannie Mae and Freddie Mac, which will cost billions more of YOUR money.

Fannie and Freddie are private entities, yet the losses are incurred by YOU. They were a concoction of a democrat congress where the companies keep the profits, but the government absorbs any losses. If you owned a company, and it didn’t matter how irresponsible you were with the policies and actions of your company because you would never lose a dime, what is the motivation for making sound decisions?

The market should be allowed to function – success or fail – on its own. Congress refused to provide oversight or program management and encouraged the companies, and individuals, to take risky loans. Market corrections are essential, and making bad decisions to prop up certain industries will have negative effects. Where was this congress when Enron and Worldcom failed?

There is nothing wrong with a business bankruptcy. Apparently people seem to think that if the company declares bankruptcy then they will have to give up their homes or that people all of a sudden are homeless. A bankruptcy simply changes the operations of the company and someone else will but it and do a better job of managing it. Why is our government deciding what businesses fail and which ones do not?

Now we have Joe Biden saying that it is the patriotic duty of wealthy Americans to pay more in taxes. This is illustrative of how we have come to be slaves of the government. People are screaming for the government tot ake action and save the economy and they don’t realize that the government is the cause of all of this because they are doing too much already! “Biden told ABC’s “Good Morning America” on Thursday that, in his words, “it’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.” Joe Biden believes, setting aside the asinine patriotic comment, that by giving the government more money, then the economy will be revived. I defy anyone to show me one example of higher taxes stimulating economic growth. It doesn’t happen.

This is the same campaign message generated by every democratic candidate in ever election. The rich should pay more and the middle class should pay less. What they should be encouraging is wealthier Americans spending more. Investing more. Keeping more of what they earn so they can spend more. I am not sure what Biden thinks is going to happen when the government gets the money, but I am pretty sure it is to give it to someone who doesn’t work as hard as you and I.

Walter Williams, the noted economist and professor and George Mason University was on the radio this morning and had a great point about the government. What are all the things that Americans are dissatisfied with today? Things come to mind like the Post Office, Public Schools, Congress, Gas prices. What are Americans happy with? Their computer store, Costco, their favorite restaurant, their sports team. The things people are unhappy with are all things that government is either involved with or controls. The things we are happy about are things controlled by private industry.

Is it that hard to see the origin of the problem?

2 Posts From Readers:

The Liberal Lie The Conservative Truth said...

Good post. I notice that Biden hasn't written his check yet!

The same lame left wing talking point politics is all that comes out of the Obama campaign and the Pelosi Congress!

(O)CT(O)PUS said...


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