Beware of “let government do it”

Orange County Register
by Steve Greenhut

Those of us who advocate freedom and capitalism run up against a difficult problem. Even though these ideas, hampered as they have always been by government intervention, have led to all the good things people say they want (wealth, justice, progress, personal liberty, etc.), they haven’t got a prayer against the grandiose promises of those who prefer the alternate route of command and control. Government promises to protect us, feed us, comfort us, instruct us and make life fair. Freedom promises nothing more than the ability to pursue one’s dreams as one chooses. … It’s no wonder that every government official loves crisis –- it offers them the pretext to expand their power. I’ll never forgive President George W. Bush for using 9/11 to advocate a doctrine that makes the president a virtual dictator when it comes to foreign affairs. Now, the Obama administration is taking the ‘gains’ the Bushies gave it and is expanding the federal grasp even further...

//tinyurl.com/djj6e3



Fixing the Fed

The Nation
by William Greider

03/11/09

Congress and the Obama administration face an excruciating dilemma. To restore the crippled financial system, they are told, they must put up still more public money — hundreds of billions more — to rescue the largest banks and investment houses from failure. Even the dimmest politicians realize that this will further inflame the public’s anger. People everywhere grasp that there is something morally wrong about bailing out the malefactors who caused this catastrophe. Yet we are told we have no choice. Unless taxpayers assume the losses for the largest financial institutions by buying their rotten assets, the banking industry will not resume normal lending and, therefore, the economy cannot recover...

//www.thenation.com/doc/20090330/greider


Informant: Thomas L. Knapp



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