So all the financial heads begin the weekend "verbal diarrhea" about how if the Congress had not acted the economy would have imploded, dumped, tanked, crashed; choose your word, choose your pundit. However, I simply ask the very simple question:
Why do we expect the people that caused this problem, didn't see this problem coming, didn't warn anyone that it was coming, or don't think this is a good solution, be the ones to handle its rescue?
Everyone to a person has said that "this is not a good solution..." but "we had to act..." When has government ever acted or implemented a program that hasn't cost more, took more, and done less?
The US Government has now become a socialistic entity by the taking of private companies, nationalizing risk and federalizing private contracts. Go back and read Karl Marx's "Das Kapital" and see how he defined what a socialistic government should look like and how it should nationalize a country's financial and credit markets. Sound familiar?
Karl would be very happy today as the USA dies as the world's last great democracy.
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