Amen. I think lots of apolitical and conservative people are very skeptical of the stimulus, even if they’ll tolerate “bad banks” and other measures to avoid systemic problems in the trust-based financial infrastructure on which all credit depends. Politics is no longer just the plaything of a few public intellectuals, news junkies, and military families; it is deeply affecting all of our lives, and so far its impact has been very bad. A stupid law here, an interest rate cut there, a broken border down there, poorly paid and unimaginitive regulators more concerned with yesterday’s problems in DC: It all adds up to the perfect storm that is the financial crisis, and it acts in push-pull with our increasingly self-indulgent and profligate culture that does nothing to curb individual excess.
Fear the Angry Taxpayer
7 Feb 2009 by Mr. Roach
5 Responses
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It’s surprising that our Muslim president should be so fond of pork.
The angry taxpayers who are going to foot the bill for this StimUseless aren’t angry, because like my daughter, they’re still children.
To some degree, we’ll all face the pain, but their generation more than mine will face the problems of anemic job prospects when starting their careers, high tax burdens to pay sacred entitlements (and now, heighteened debt service), and decade-long creditor-forced austerity.
Honestly, I put the odds at 50-50 that my entire family decides at some point, to check out and move to Australia with a stash of gold because the long-term prospects here are so bleak.
What makes you think the prospects are any better in Australia? Or the UK? Or anywhere else? Short-sighted politicians have found a way to screw up the local economy in almost every corner of the globe.
E$, have you SEEN Australian women?
Oh, wait; are we talking about a different kind of prospect?
What this country needs is a good five-cent nickel.