Saturday, February 07, 2009

Listen, you lunatics, does it really have to be explained to you, yet again, how America got into this whole bailout mess in the first place?

Listen, you lunatics, does it really have to be explained to you, yet again, how America got into this whole bailout mess in the first place?
asks Rachel Marsden.
It started with the Carter/Clinton Democratic administrations mucking around in the home buyers market to favor minorities. Then it proceeded to tinkering with the auto manufacturers, forcing them to make cars that no one wants to buy and exporting them against massive foreign tariffs.

So now the solution, in the minds of these geniuses, is to solve Keynesianism with more protectionism?

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