Insight Watch 10/01: It's the Economy, Stupid!
"Just imagine the results if a construction company was forced to use a yardstick whose measures changed daily to construct a skyscraper. The result would be a very unstable and dangerous building. No doubt the construction company would try to cover up their fundamental problem with patchwork repairs, but no amount of patchwork can fix a building with an unstable inner structure. Eventually, the skyscraper will collapse, forcing the construction company to rebuild - hopefully this time with a stable yardstick. This 700 billion package is more patchwork repair and will prove to be money down a rat hole and will only make the dollar crisis that much worse.
There are three good reasons why Congress should reject this (bailout) legislation:
a. It is immoral - Dumping bad debt on the innocent taxpayers is an act of theft and is wrong.
b. It is unconstitutional - There is no constitutional authority to use government power to serve special interests.
c. It is bad economic policy - By refusing to address the monetary system while continuing to place the burdens of the bailout on the dollar, we can be certain that in time, we will be faced with another, more severe crisis when the market figures out that there is no magic government bailout or regulation that can make a fraudulent monetary system work."
PS.... Idiot Watch 10/01
"Gotcha Journalism"....?? Oh, right John. Like you haven't done a "gotcha" every single day of your campaign.
And Sarah and John: marching on as if you both haven't been making fools of yourself?? Especially with Mr. McSmith Going to Washington last week (I know: clunky) and resolving nothing. Forget allusions to Dubya. Anybody here remember a guy named G.W. Bush and another bloke named Quayle?
