Friday, September 19, 2008

Feds to Spend One Trillion on Financial Mess, Free Markets and Tax Payers be Damned

How absurd can this really get. Henry Paulson, the Treasury Secretary and Ben Bernanke, the Federal Reserve Chairman, announced plans for the federal government to pump in as much as one trillion dollars to stem the sinking financial markets. That is a 1 with 12 zeros behind it. Read federal government as "tax payers." We are again bailing out a group that is so greedy and corrupt, that is mixed up with politicians and foreign governments, that never learns a lesson. American citizens are allowed to fail when they make bad choices, why not AIG? Big banks go under every year, this is nothing new. What is new is the governments willingness to double the national deficit and hand it off to the next generation. In a free market there are risks. Sometimes the risk will put you out of business. There is no small business in this country that can operate the way Wall Street and our Federal Government operate. Oh, the markets loved the news. Worldwide they gained like no other day in memory. But, the people that will foot the bill are left scratching their heads. Those tax cuts that McCain wants to make permanent...aint gonna happen. The tax cut on 95% of Americans that Obama is way. It is simply not possible with this debt load. Craig R. Smith, in a commentary to World Net Daily, has this to say... "Our best years are ahead if we learn from the mistakes that have been made and not look to government for the answers to our problems. Government is not the solution to the problem; government is the problem. We must work together. We must allow free markets to punish those who did wrong, weed out the weak borrowers and reward those who borrowed honestly. If we don't, we are headed for even more difficult times.
We can avoid those difficult times if we believe in less government, more personal responsibility and accountability from leaders in both the private and public sectors."

Welcome to the Socialist States of America. Free markets and tax payers be damned.