The last two weeks have been an intensely emotional roller coaster ride when one thinks about the U.S. economy. Between the drama in passing the questionable $700 Billion Bail Our Plan and the rise and fall of the stock market, it has been hard to catch a breath in regards to our economy.
People are still talking about, and in many cases criticizing, the passage of the bail out. I cannot blame them; it is truly an affront to all small government-minded, freedom-loving people everywhere. Even worse (yet unsurprisingly), a large portion of the free world soon followed in our reactionary, populist footsteps, and imposed similar responses.
Compound this reality with the fact that the last Presidential debate, arguably one of the dullest exchanges in recent history between two men vying for the position of leader of the free world, did little to help the situation. Both candidates seem to be in a race to the bottom regarding who can buy out more personal debt faster, or who can crack down harder on those “greedy” men on Wall Street. This discussion is not only pointless but also redundant.
I realize that today, after the world relief package went through, the market also saw a historic rise. This is a great thing, but who is to say it would not have happened without governments world wide destroying economic freedoms, crushing free market ideals, and misapplying billions of dollars of taxpayer money. This seems like a certified deal with the devil, and as many of us know, the devil is in the details.
I am pleased to know that today, world markets are breathing more easily. Furthermore, even though John McCain’s discussion of buying out mortgages disappoints me, I will still vote for him without question. The thought of an Obama Presidency makes my skin crawl. I do invite both Senator McCain and the electorate to wisen up to the devil in the details here. The crisis is not over, and failure to recognize this could lay the seeds for another one in the future.
Note On Follow Up: Click HERE TO See The Washington Post October 14, 2008 For More On This From Those In The Industry!