in Arguments Against Stimulus
COLUMBIA, South Carolina (CNN) -- The United States faces a Zimbabwe-style economic collapse if it keeps "spending a bunch of money we don't have," South Carolina Gov. Mark Sanford said Wednesday."What you're doing is buying into the notion that if we just print some more money that we don't have and send it to different states, we'll create jobs," he said. "If that's the case, why isn't Zimbabwe a rich place?"
Read the whole article here. It seems so obvious--it's scary!
.
2 comments:
But those idiots will never get it. We didn't become the greatest nation in the world by following socialism.
~Lorna
patronus incognitus said...
I'd be slower to think they were deliberately heading toward a more socialistic model if they weren't so vocal about pinning the blame for this mess on free markets. Take the houseing market crisis. They refuse to see that it was their monkeying around with the market (encouraging lenders to make underserved loans so someone who could afford an $80,000 "American Dream" instead purchased a $200,000 dream they could not afford). Acorn and the "community organizers" were involved in that process, and look at the number of foreclosures in Chicago area.
The Chicago Tribure said, "The number of foreclosures in the Chicago area in 2008 is expected to rise nearly 40 percent to more than 53,000, a housing industry research group said Thursday."
That's not the state; that's Obama's Chicago area. I wonder why he favors rewriting all those foreclosures into a "pay what you can and keep the house you can't afford" model. Who pays the unpaid part of those bad mortgages? People who have made good on their house payments and who have kept good credit and pay taxes. That's who.
But like you said, they will never get it. It was a social-engineering of the housing markets and not free markets that led to this crisis.
Post a Comment