The government has rescued Bear Stearns and now Fannie Mae and Freddie Mac. This is not how things are supposed to work in America. The American dream is turning into a national nightmare.
And now we can add Lehman and Merrill to the list. The government is a major contributor to these problems, but their answer is more meddling in free markets.
"The path to recovery for our economy is well worn and proven. Corporate taxes
should be reduced dramatically or preferably eliminated. Individual taxes should
not be raised and preferably reduced. Regulation should be limited and effective. Banking reform should include a gradual increase in capital requirements. Trade should be expanded, not limited through tariffs and stealthy “fair” trade laments. Most importantly, the Federal Reserve should be reformed and given one mission – a stable currency. Not a rising dollar, not a falling dollar, but a stable dollar. The best way to accomplish that mission is by stabilizing the price of gold. A stable currency, once again linked to gold, will eliminate inflation and limit government spending.The policies that advocate more government are borne of fear. The policies of the free market are borne from optimism. America is not a place that was built on fear. Our choice is clear."
Amen, brother.
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