Wednesday, September 17, 2008

Government Bungling

Want to know why we are experiencing a financial meltdown? Government meddling in the marketplace! They created this mess, from the Fed, to the FNMA monopoly, to encouraging people to buy homes they couldn't afford. Now they are panicking and have to rescue a ton of companies that were forced to use these government institutions.

On a much smaller scale, Seattle is gearing up to ban pit bulls. You can count on it. There have been a couple of recent pit bull attacks, and now an editorial in the Seattle Times which opens the door to politicians to regulate or outright ban breeds (and letting them know the paper will not criticize them for doing so). This will fail, too.

Thursday, September 11, 2008

9 - 11: Never Forget!

Monday, September 08, 2008

Government Meddling... Again

The financial community is talking this morning about the bailout of Fannie Mae & Freddie Mac. One article talked about how the US is giving up on capitalism, others are talking about how capitalism failed in this instance. Sorry. Wrong. These two entities were government made monsters, and they are now failing. They shouldn't have been created by the government in the first place, and now we have to bail them out. Government bailing out government created entities isn't free enterprise at work. We probably wouldn't be in this mortgage mess if the government hadn't been involved in the first place.

I am against too much government regulation and manipulation in the marketplace, whether it is about mortgages or dogs. Either way, it messes up a whole lot of people and results in unacceptable costs to everyone involved.