Good Decisions vs. Bad Decisions

            Good Decisions vs. Bad Decisions

Let 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.

Do 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 marketplace.

What you 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.

I 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.

Sorry, 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.

Jack 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?

Higher 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!