He said he would, after all.
All right, it'll be Congress and the President who are going to pay us off to encourage short-term savings wasting. Yeah, that's what we're doing wrong, the economy is f'ed up because we're not blowing enough money on stupid s***. Whiskey and hotrods for everyone!
Hayek! Hayek! Hayek!
OK, so here's what the government is doing: we're about to go into a recession because the last wad of empty calories - excuse me, cash - the government handed out (by holding interest rates below their natural rate) has run its course. People are done buying junk and are about to settle down to attending to their real needs, is how I interpret it. So people stop buying the useless crap that firms have been sinking their subsidized capital expenditures into producing. We can't have that! Crap producers will go out of business!
We need more Truck Nuts, Hoola Hoops and Pet Rocks!
Give a wad of cash to the poor. Hey, liberals! The poor spend their money on chinese junk at Walmart! Eat that, morons!
Oh! And McCain's happy that Congress and Bush are moving fast on this thing. Populist "solutions" always require a big bandaids. And they accused Reagan of going for simple solutions!
This will fuel the shortest recovery in history. And fill my house up with more junk. [Yeah, I'm takin' the money. Better that than leavin' it in their hands. And I pay taxes.]
Here's Ron Paul's reform agenda.
Thursday, January 24, 2008
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