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Verdict: The solution is making things worseLet the "elites" bring down the house,
the United States and Lady Liberty will survive
Well, it's been a few weeks. How has the
Treasury plan to bail out the economy worked?
Not so well. By some estimates, the current total bailout tab is over 5 trillion dollars. That should scare the heck out of you since the U.S. Gross Domestic Product is only 13 trillion dollars. Meanwhile, just as I told you, companies are lining up to get their piece of the pie. There's the Big 3 auto companies going for their second round (although this one looks more like a subsidy for the UAW than a bailout). Major firms are becoming banks. The economy slows down more and more because no one is sure what the Treasury Department's next move is. No one knows where the money is going or if the Treasury will ever get it back. Somehow, some of the same people who were responsible for the meltdown are now part of the public solution. My verdict: there's no evidence that this "grand plan" is working and every indication that it is making things worse. We've taken the wrong lessons from history. Government doesn't control the economy. The best thing it could do is to get out of the way and let the free market work. But since the President-elect doesn't believe that, it's time to watch the collapse of the centralized state. The Nation won't fail but the State will. KYFHO now and forever, because freedom is just another word. 
Posted: Tue - November 18, 2008 at 01:59 PM
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 Pagan Vigil
Pagan philosopher, libertarian, and part-time trouble maker, NeoWayland watches for threats to individual freedom or personal responsiblity. There's more to life than just black and white, using only extremes just increases the problems.  My Thinking Blogger Nominees
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