Monday, October 13, 2008

Socialism

I am disgusted with the latest moves to help the illiquidity/credit squeeze with banks. We had a small and temporary victory with the US House of Representatives voting down the first bill for a $750B bailout. The vote actually made me happy to see that our Congressmen actually listen to their constituents. However, the second vote destroyed that happiness. On top of that, the Treasury wants to direct inject money to banks. TAKE A BREAK SOCIALISTS!! Stop reacting to the situation on the ground right now and take your own advice and let these inflationary, socialistic moves take effect. Yes, these moves can provide some good but with a tremendous down side.

What did we learn: The bigger you are the greater the chance of a government rescue!