Do you remember?

Do you remember the last time the executive branch warned of horrid consequences and rushed legislation through Congress? The Patriot Act was passed and it still threatens our civil liberties to this day.

Our economy is in for a bad ride, we know this. The toxic mortgage assests and the market need to be reset. However, with government intervention we will only delay the inevitable. Why can we not suffer through the few years of hardship now rather than passing the buck off to a future generation?

The Executive Branch is looking at the easy way out of this economic problem. We will only be continuing the same bad practices that had gotten us into this problem to begin with. We can put $700 billion into the hands of Treasury Secretary Henry Paulson, who is a former CEO of Goldman Sachs, and Ben Bernake to allow them to spend the money in anyway they choose. Yet again, I will say that we are only delaying the inevitable.

The Federal Reserve’s practice of easy credit and monetary inflation are crashing our economy. Now they want $700 billion of our own tax money so that they can “fix the problem”.

Where is the outrage?
-WGR