On My Soapbox Again!

"Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously." -- Thomas Sowell

Was this the beginning of our current economic problems? Maybe not totally, but it certainly was a major factor.

"Serving in Congress is like having a second shot at high school." -- Rep. Barney Frank

Maybe one of these days, he will graduate?

"A famous French economist by the name of Frederic Bastiat once suggested that when social policies turn out to be harmful to the citizenry, it is because politicians often react to economic problems that they can see, without any regard for the unforeseen consequences of their solutions to those problems." -- Jack Chambless

So what are the consequences of the 1st Bailout (TARP), and the proposals now being pushed through Congress? Who really thinks they will solve the crisis we are in? Investors? The Dow was at 9625 on Election Day, today it is at 8077. That tells me that “someone” isn’t sold on the steps our Government is taking.

"People often ask me why I left the Senate, and I always tell them after eight years in Washington, I longed for the realism and sincerity of Hollywood." -- TV actor Fred Thompson, Former U.S. Senaator

I love this comment! Unfortunately, I think many of us really think Washington is “out of touch”. I want President Obama to succeed, not for me personally, but for my kids, grandkids, and especially for my Great-grandchildren. But will he? I am concerned that so many of his appointments are former Washington “insiders”, financial people who couldn’t even pay their own taxes, and yes, even former lobbyist who are given waivers one day after declaring strict ethics rules.

The jury is just being seated, the trial is just beginning. I pray that this GREAT country we live in will come through these difficult times stronger than ever.

GOD BLESS AMERICA!