Well, haven't posted much lately as many things I post on facebook these days. but..
I have become so dissapointed that the Federal government has taken such incorrect action in the last months.
1. Federal bailouts-the federal government should not favor one company over another. Bailout money to banks, GM, anyone, favors that entity over their competition. It rewards bad business decisions. Bush was wrong, Obama is more wrong. It simply is wrong and may be a violation of the equal protection claus of the US Constitution.
2. Massive spending-the stimulus plan is simply too too much. It is deficit spending at that. It is useless and burdensome on the economy and our national security.
Things will improve with the business cycle, but we will then have inflation and a future much more anemic that that which would have happened if government had not mucked it all up. I have read the depression of 1920-21 was worse in some ways that he one in 1929-, but we recovered much more rapidly without any government intervention. Freeing up the economy and making the rules clear is a major role of government--it aint happening folks.
Well, there it is.
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