We’re getting close to having to change the infamous quote ‘A billion here, billion there…’ to ‘A trillion here, trillion there…’. It’s as if they think money just appears like magic. Even the majority of American support the ‘stimulous/bailout’ game, so it’s not going to stop; even though it will accomplish nothing positive in terms of ‘fixing’ the economy.
UPDATE: All we have to do is look to Iceland for the model of the path we are taking.
Bottom line: one of two things will have to be done at the end of this: either we’ll end up having a national yard sale (which is preferable to the alternative) or sometime in the future, Americans will risk emulating this Zimbabwean, who was off to go grocery shopping a year ago (no kidding):
I posted recently the ongoing debate between Peter Schiff and Steven Leeb who represent the two sides in the heated argument regarding bailouts and government intervention.
To paraphrase Zippy the Pinhead:
“Are we the Weimar Republic yet?”
And those who have long mis-characterized themselves as conservatives will have no one but themselves to blame.
What are we really saying when we simultaneously espouse “law and order” for one segment of the population while lambasting even the most reasonable legal control on another segment as “excessive government interference”? To my ear, it sounds very much like “It’s wrong for a poor person to steal someone’s money, but it’s perfectly OK for a rich person to cheat someone out of their money.”
Guess what, wrong is wrong, not matter who does it and taking what isn’t yours is wrong, whether you threaten people with weapons in a dark alleys or bamboozle them into turning over their hard-earned dough for worthless paper in a comfortable office with soft lightling and complementary coffee. It’s all stealing; it’s all dishonest, no matter how nicely you try to dress one of them up.
Once the electorate understands that the steel behind those lovely soft words is the absurd claim that stealing is only morally wrong at certain socio-economic levels, you’re going to lose a significant portion of your credibility. At that point, the Marching Morons, who don’t really follow things in a step-by-step, logical construct sort of way (which was how you fooled them into going along with your “all regulation is bad” policy in the first place) are going to reject everything you say, even those parts that are true.
[...] and the government has a lot of it. It’s called land. As I’ve brought up before, a national yard sale is not out of the realm of [...]
[...] course, that brings to mind pictures of Zimbabwean grocery shoppers, predicted here [...]
[...] don’t like the concept of the bailouts rewarding others…Is the bailout theft? http://politicalinquirer.com/2009/01/24/the-potential-result-of-bailoutmania/#comment-19575US National Debt$11,046,247,657,049.48 (According to US Treasury Direct, 3/26/09)That is [...]