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    This site was originally about the real estate industry, but now it is about politics, economics, government, freedom, entrepreneurship, innovation, objectivty and other such stuff important to humans. I uphold libertarian principles and believe wholeheartedly in limited government -- this blog explains why.

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    « Transparency, not regulation | Main | It's up to the House »
    Thursday
    02Oct

    For our own good, no doubt

    The news of the bailout has dwarfed all other news. The irresponsible media blitz by our administration and congress has made the situation worse and has caused banks to wait and see. It's almost like blackmail. It's a sad time in America.

    We're witnessing the collapse of strength and the further enmeshment of public/private, but the sickening part is how the government is bullying and bribing the system to do several things -- cover up its involvement in the financial mess, manipulate the country to steal enough money to bail itself out, gain power in the process and set up future power grabs.

    This is blatant power excercising itself without restraint. Why they even bothered with the charade of representation, I don't know -- and even that was a patronizing sermon of how we don't know what's best for us.

    Respected economists have called this a mistake, yet the politicians have arrogantly ignored all the warnings as if only government knows the truth and best solutions. It's a shameful display. Our government is run by dishonest people so entangled in their incompetent schemes that they can't represent the true interests of the country.

    Now they have sweetened the bailout by billions and billions to, admittedly, bribe the House. No one is representing the ideals of a free market. It's clear to me, after reading economists who understand the markets better than politicians, that free market principles left unstained by dirty political fingers could move us beyond this fiasco -- credit is not frozen by natural processes but by government intervention -- wills are frozen, principles are frozen, freedom is frozen.

    This bailout is a signal that government has taken complete control and intends to centrally manage the economy -- they have moved so far from capitalism that we can no longer even say we have a mixed economy. Statism is locking in and ignoring the appeals of reason.  The system will now be played by chumps who use the productive results of hard-working people to further their designs and prop up their underlying failure to produce anything but incompetence and dependence on other people's money.

    If the House votes for this, we'll know where government stands -- we'll have no representation.


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