Comments on: A Market In Hope And Fear

By: Jeff Molby

Jeff Molby — Thu, 02 Oct 2008 21:38:22 +0000

Well said, Brad. I’m going to quote you on that.

By: Chris Hutcherson

Chris Hutcherson — Thu, 02 Oct 2008 17:26:03 +0000

Now that the Senate has passed the 700 billon bailout has Obamas destiny been sealed?

By: Doug Mataconis

Doug Mataconis — Wed, 01 Oct 2008 12:30:54 +0000

Brad,

I completely agree with you on that point, I just wish the rest of America would realize what’s going on.

By: Brad Warbiany

Brad Warbiany — Wed, 01 Oct 2008 06:07:42 +0000

“If the bailout happens, it may mean that the rest of this year, and the next several years will be better than they might have other wise —- but it will also mean that the dollar will continue to fall in value, inflation will increase, federal spending will go up even more than it already has, and the budget deficit and national debt will continue to soar.”

Doug, you’re missing the point. That is the goal. The goal is to spread this out over different segments of the economy over several years, hoping that the pain will be diffuse enough that the economy will grow its way out of this eventually.

Being in government during a time of severe pain is a bad deal. It’s much better that they leave us with several years of a dull ache, which they’ll hide through inflation. Even better (for them), they’ll have the opportunity to dramatically grow their own power in response to the “failures of the market” which they’ve stepped in to solve, as the “rescuers” they are.

By: Below The Beltway » Blog Archive » A Market In Hope And Fear

Below The Beltway » Blog Archive » A Market In Hope And Fear — Wed, 01 Oct 2008 03:51:06 +0000

[...] thoughts on the Paulson-Bernake bailout bill, the stock market, and fears of a credit crunch are up over at The Liberty Papers. Related PostsWhen Ron Paul Is Right, He’s [...]