Good Decisions vs. Bad Decisions
me get this straight. A bunch of bankers made bad decisions
(encouraged by liberal Democrat politicians) to give loans to people who
couldn’t afford them. Now you and I (who apparently did not make bad
decisions) are supposed to bail them out with our hard earned dollars so
they can make more bad decisions. In other words, those who made good
decisions are supposed to bail out those who made bad decisions.
you and I need any more reason not to put our trust in government? The
marketplace makes very good (not perfect) decisions in regard to the
allocation of resources and in regard to what products and services
consumers want and need. The government (at all levels) inevitably
makes bad decisions because they are driven by politics, not the
and I need is less, not more, government (which also translates into
more, not less, individual freedom). We don’t need liberal politicians
using the power of government to mandate loans to individuals who can’t
afford them. When someone or some company makes wrong decisions they
should go out of business.
have a little sympathy for US auto makers (just a little) because it
was the government that created scarcity in the supply of oil by not
drilling and thus drove up the price of fuel. Our domestic
manufacturers were making good money selling SUVs and now, because of
government interference, they are going bankrupt. You can argue that
they should have seen the handwriting on the wall, but they didn’t.
no bail out for the auto companies or steel or whoever else has their
hand out. Government interference in the marketplace, including
so-called “stimulus packages,” only drive the economy further downhill.
Kemp has said, “If you subsidize something you get more of it. If you
tax something, you get less of it.” The inclination to tax producing
Americans more and successful businesses more will simply result in a
worse economy. Or to put it more simply, if you tax success, you get
less of it.
What will happen? Who knows?
taxes will surely make the economy worse. Just how foolish or how wise
will the new Congress and the new Administration be? Hold on to your
hat (or should I say wallet), it’s going to be a wild ride!