More risk?

According to Mr. Neil Barofsky, the special inspector general at the Treasury Department, there are dark clouds on the financial horizon. That’s right, the brilliant people from the past administration and the current one have only kicked the can down the road. They’ve given the taxpayer a few chips to play the roulette wheel of life. Only the odds are against the taxpayer and the stakes are higher than the kids’ tuition money.

Mr. Barofsky’s report warned that the government “has done more than simply support the mortgage market, in many ways it has become the mortgage market, with the taxpayer shouldering the risk that had once been borne by the private investor.”

You guessed it, Mr. and Mrs. Taxpayer. You bailed out the banks and the mortgage companies all at the siren call of “we have to do something.” Really? It would have been better to take the hit and learn the lesson. If you buy junk you’re stuck with it. Now the lesson is, buy all the junk you want, the government will give you gold for it. Absolute balderdash. Sure, there might have been a depression or some severely tough times. Still, economic laws are much like the laws of physics. You deny them at your peril.

And these fools, the government that is, want to run healthcare? And decide how much college should cost? And regulate emissions? And decide what kind of jobs are good? And on and on and on. If there’s an adult in Washington, please stand up. We can’t see or hear you. It’s time to close romper room and install people who understand reality.

Published in: on January 31, 2010 at 8:38 pm  Leave a Comment  
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