Just Leave it Alone

“One of the biggest problems with government intervention in the economy is that politicians usually have neither the knowledge nor the incentives to intervene at the right time. . . . That is, the problem it is trying to solve has already worked itself out and the government intervention can create new problems. More fundamentally, markets readjust themselves for a reason. That reason is that people pay a price for their misjudgments and mistakes.” Thomas Sowell - - HT to Kim

If they'd just leave everything alone the capitalist, free market works everything out all by itself. But noooo they stir things up partially because they're too ignorant about how things work, and partially to satisfy the ignorant voters.

And this time is no different. They're giving what they call a "tax rebate" that we'll end up paying back to the Gov. next year. Yep, they steal our money, give some back, then take that back later. And to make matters worse they're throwing more of our money down the black hole of beurocracy to pay for all the administration.

Oh and lets not forget the proposed bail-out schemes. A lender makes bad decisions as to who and how to lend money and we, the tax payers, are supposed to give a helping hand? I have less sympathy for them than the idiots that signed away their future on variable rate loans. No sympathy at all. At least the soon to be not-home owner wasn't a financial professional. That's a weak excuse, but at least it's something.