In the run up to the 2006 midterm elections the Democrats told us they had the solutions to the problems facing America. Vote for them, they said, because they can lower gas prices and fix the ailing economy (that wasn’t exactly ailing at the time). They were unable to accomplish this and they needed more power to right the ship of state. In 2008 they won even more seats and America elected a man whose citizenship is in question, all on the promise of hope and change.
Well, gas prices are the lowest they have been in years but they had to cause a complete financial meltdown to accomplish that little task. The Democrats set the table for the financial meltdown when people like Barney Frank, Christopher Dodd, and Barack Obama were on the payroll of Fannie Mae and Freddie Mac. Despite at least 17 warnings by the Bush administration, these people continued to insist that all was well. It was, if you were one of their friends making millions of dollars working for Fannie and Freddie.
Now though, the Democrats actually won and they will have to make good on the promises that they can fix it all. They will have to live up to promises that they can fix the economy and get people back to work. But, in true Democratic fashion, they are now lowering the bar. Once self assured in their ability to repair what is broken, the Democrats are now saying that things will take a long time to mend and that the 800 BILLION dollar stimulus package they are working on might not exactly do much.
Well who would have known? The first stimulus did not work. The bailout did not work and there is no indication that throwing more money, money we don’t have I might add, at the problem will actually fix it. The Democrats realize that they fooled millions of people into voting for them and those people will expect results. The same Democrats who wanted something done NOW are saying it might take a while.
I never had any doubt it would take a while and I also knew that stimulus packages and bailouts would not solve any problems. The end result of all the spending is that we don’t know where the money went, how much was actually spent (and what the final tally will be), or where we will find the resources to pay it back.
During the Great Depression the government threw money around and tried creating jobs. This, among other things, prolonged the depression and made things much worse.
The free market system will work out problems but it has to be a free market. We cannot have the government making rules that run contrary to the principle of a free market. We cannot allow people who do not have the means to buy a home to actually buy one. We cannot make credit rules so lax that college kids can apply for credit cards and be approved even though they are saddled with debt and have little or no income. George Bush said he is abandoning free market principles in order to save the economy but abandoning those principles is what got us in this mess in the first place.
Democrats in Washington are still subscribing to the idea that they can intervene in a free market and make things right but they are also realizing that this tact is having little effect. Thus, they are pulling back from those things they once assured us rather than admit they knew not what they were talking about in the first place.
Someone once said that the definition of insanity is doing the same thing over and over and expecting a different result.
It would appear that the Democrats are insane.
