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One of the most consistent and vitriolic criticisms of the Bush administration concerned its hasty dismantling of individual liberties. President Bush, we were repeatedly told, did more to undo Constitutional freedoms than any five former presidents combined. Writing for the Baltimore Chronicle & Sentinel, Chuck Baldwin wrote in February of 2005 that “the Bush administration has done more to [...]
Posted by Jerry Pomeroy as Cultural Insanity, Limiting Government at 5:31 PM UTC
The American economy has certainly entered a difficult period. Factory orders are down for the second month running and ongoing jobless claims have reached a 26-year high. Banks and other financial institutions are still reeling from the effects of the subprime mortgage debacle, and the resulting credit tightening has slowed commerce in all sectors. The [...]
Posted by Jerry Pomeroy as American Dependence, Best Of the Web, Economics, Government Blunders at 1:52 PM UTC
Of all the wrong lessons being learned as our government spends multiple trillions on various bailout schemes, the worst is this: You are not responsible for the mess you are in. No matter why you are out of money, no matter why you can’t pay your mortgage, no matter why you lost your job, somebody [...]
Posted by Jerry Pomeroy as American Dependence, Economics, Welfare at 6:31 PM UTC
The video is a few weeks out of date, but remains a good indictment of the inherent unfairness of bailouts. Happy viewing:
When facing a crisis, government officials have developed a troubling tendency. Instead of carefully weighing the situation and then developing thoughtful, meticulously planned strategies to deal with the situation, politicians and their economic advisors plunge headlong into often conflicting plans of [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders, Video at 6:06 PM UTC