Quote of the Day
From Vodkapundit:
When recessions hit, the worst thing the government can do is something.
Indeed (sans “Heh”). It’s either too much or too little, and always too late.
Update: And speaking of “getting it” (or not), CNN the other day had a poll on “Who do you blame for the mortgage meltdown?”
13% of respondents said the government.
Apparently President Bush was out there forging signatures on paperwork for all those people who didn’t bother to understand their mortgage or read the fine print, and he also was the loan officer for those mortgage companies dumb enough to give a $250,000 loan to someone making $10 an hour with no other income.
March 7th, 2008 at 3:18 am
I blame the government for the mortgage meltdown. This is the same government that bailed out banks during the S&L crisis and the junk bond crises, right? Why WOULDN’T banks loan out money with no thought to the risks when they know that the government will bail them out if it goes wrong?
March 7th, 2008 at 3:21 am
Sorry for mixing my tenses in that last sentence, but you get what I’m saying, right?