The Government as Big Lender

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New York Times

In short, in a nation that holds itself up as a citadel of free enterprise, the government has morphed from lender of last resort into effectively the only lender for millions of Americans engaged in the largest transactions of their lives.
All things said and done, it is the government that controls the money. From printing, to distribution, to control of credit, etc., etc., etc. The government is the Alpha/Omaga. There is just no way to get around this simple fact. That is why the cry about getting government out of our lives makes no sense. Without it we have no security, no safety, no pursuit of happiness.

Also, if free enterprise is so damn self-sufficient and efficient, why the hell are we encountering a recession? Why are we seeing one financial crises after another?

And yes, all the following are rhetorical. If I had the answers to those questions, I would be a billionaire to rival Gates.

Actually, I do have a hunch. It has to do with leadership and competence. The state of our country has much to do with who sits in the Oval Office.

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This page contains a single entry by Rook published on July 13, 2008 8:03 PM.

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