Monday, October 25, 2010

We're an ignorant people.

I've been reading about the backlash over the Wall Street bailout. Looked at one time that it was gonna cost taxpayers $700 billion. But it turns out that Wall Street has returned almost all of it. Only $50 billion to go. So it's not been all that costly. And economists speculate that without the bailout, the nation would have been plunged into another Great Depression. So the government intervention was good, I suppose. We don't look at it in practical terms. We're just plain pissed because government stepped in and bailed out Wall Street. We don't ponder what would have happened if government hadn't stepped in. So we're gonna punish government officials who voted for the bailout. Even though in the long run such socialist intervention may have saved taxpayers considerable money. But that's the nature of life. Yes, we'd cut off our noses to spite our faces. We despise socialism merely because we've been taught to not like it. When really, we don't even understand what socialism is. We Americans are an ignorant people. --Jim Broede

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