Over the last two months I have ranted about the excessive governmental reach in dealing with current economic dilemmas. Election year politics has magnified the pandering. That pandering is the pernicious pill that will enable whatever governmental ’solution’ that is constructed to “help us” out of the crisis to become a gigantic force in our lives – and not a good one.
I warned that these banking, insurance and other financial company failures or near failures will give Government Incorporated the cover it needs to make a power grab not seen since the 1930s and FDR.
The Wall Street Journal has noticed and Ms. Amity Shlaes, a senior fellow at the Council on Foreign Relations and the author of “The Forgotten Man: A New History of the Great Depression” presents an excellent Opinion piece. She articulates my point so much better than me that I want to have as many people as possible read it.
The statements by many in office (and running for highest office) today are exactly like those of the 1930s when the government rightfully established special oversight and organizations to handle the economic crises of their times but then used these to expand governmental control. In the end, it was the politics of “revenge” that ended up prolonging the economic crisis (hence it was called the “Great Depression” because of its length).
Attacking the rich won’t bring back the market and taxing them will only prolong the suffering of the “poor”.
The truth is, none of the current people in power can point fingers at their opposing party for corruption or incompetence as any investigation will reflect their own ineptitude and corruption. This will be a tap dance where some how and in some way we will end up having a compromise solution with government as the answer.
Unless we keep a close eye on what they contrive, we will end up with more of the same. Incompetent government run by incompetent people – decade after decade with no end in sight.
