Posted by
The New THOMA$ REPORT on Wednesday, September 24, 2008 2:14:00 PM
Karl Marx said, "Crack-brained meddling by the authorities" can "aggravate an existing crisis" this is the situation we find ourselves in now with "authorities" wanting to "throw" $700 billion dollars at the "financial crisis" CAUSED by liberal politicians (who all want "oversight" over that money). Maybe it'll work, but more probably it won't. Thomas Sowell says, " Taking an optimistic view, this biggest bailout of all time may stop the problems in financial markets from spreading into the general economy-- which is currently nothing like the disaster area that the media portray it to be (they are PRONE to portraying it badly). Ninety percent of the people on this planet would exchange their economic situation for ours in a minute. The media love hype, and have been dying to use the word 'recession' all year but nothing has happened that meets the definition of a recession." That's even with all the "financial upheavals." He further says, "The American economy is growing, not declining. Our unemployment rate is up to 6 percent but there are countries that would be delighted to get their unemployment rate down to 6 percent. Our inflation rate is up a little but many countries would love to get their inflation rate down to where ours is. Why then is there such a mess in the financial markets? Much of that mess is due to the very people we are now turning to for solutions-- members of Congress." It is THEIR "crack-brained meddling" that CAUSED this mess we're in now. Why then, does anybody seriously consider giving them "oversight?" Throw the bums out! Find someone like Sowell to put in their place (IF he'd take it.). (
Thomas Sowell)