Congress: Please Stay Home
(By Randall Hoven, American Thinker) - I'm going to go out on a limb and make an economic prediction: if there is no bailout, the economy will keep muddling along without even entering a formal recession. The Dow will stay comfortably above 10,000 and real GDP growth will stay positive.
Drudge has posted two significant articles. The first from CNN explains that there is no catastrophe and that we should do nothing but let the companies that screwed up go bankrupt, and then fix what government broke in the first place, primarily Fannie and Freddie.
The second article from the National Post points out why we should be fighting the bailout tooth and nail. It reminds us that the fifth point in Karl Marx's Communist Manifesto was the "centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly."
Drudge has posted two significant articles. The first from CNN explains that there is no catastrophe and that we should do nothing but let the companies that screwed up go bankrupt, and then fix what government broke in the first place, primarily Fannie and Freddie.
The second article from the National Post points out why we should be fighting the bailout tooth and nail. It reminds us that the fifth point in Karl Marx's Communist Manifesto was the "centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly."
posted by BP News Bureau | 3:42 PM
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