Peter & Helen Evans
It's not a financial crisis, it's a moral crisis
By Peter & Helen Evans
Our current crisis is not a financial crisis. It was not caused by some complicated financial dealing that only a few 'experts' can understand. No, it was caused by a whole lot of people doing things that they knew were wrong. Our current crisis is a moral crisis.
The financial meltdown was caused by the failure of credit markets. When you boil it down, credit is really just another name for trust, which is another name for a mortgage, too. As long as we trust that our debtors will pay us back, the system works better than anything the world has ever seen. But, as soon as doubt and uncertainty replace trust, the whole structure falls down. That's where we are today.
As tempting as it might be, we cannot blame this mess on President Obama. Until recently he was just another do-nothing Senator. However, the budget legislation he is currently ramming through congress — like pork through a sausage grinder — will not help. In fact, it will make things worse.
Although you'll never hear this from the White House, the recession of the early 1980s was worse than this one is now. And it was cured by cutting taxes. What Pres Obama is doing will increase taxes on everybody. What do you think cap & trade is? It's a tax on carbon, which powers most of our economy. His plan is to economically cripple the American people so that we will become "victims." When the free market is killed, we will be forced to submit to the enormous government he's creating.
Socialists do not judge success in terms of money. They do not care much about the condition of the economy. Oh sure... they say they do. They say every expansion of government is "for our own good." The way socialists know that they are succeeding is when they have control over society. I guess we didn't really believe candidate Obama on the campaign trail when he said he wanted to "re-make" America. That sure is what he's doing now.
So, what's a poor (and growing poorer) boy to do? We have to stop doing what's wrong and start doing what's right. It is wrong to vote for politicians who support policies that will send this economy down the toilet into bankruptcy. It is right to vote for politicians who support policies that will reduce government spending and reduce taxes. And it is up to us to make sure that our elected representatives do what's right.
Forget about this "bi-partisan" crapola. Just smarten up and do what's right!
© Peter & Helen Evans
March 6, 2009
Our current crisis is not a financial crisis. It was not caused by some complicated financial dealing that only a few 'experts' can understand. No, it was caused by a whole lot of people doing things that they knew were wrong. Our current crisis is a moral crisis.
The financial meltdown was caused by the failure of credit markets. When you boil it down, credit is really just another name for trust, which is another name for a mortgage, too. As long as we trust that our debtors will pay us back, the system works better than anything the world has ever seen. But, as soon as doubt and uncertainty replace trust, the whole structure falls down. That's where we are today.
As tempting as it might be, we cannot blame this mess on President Obama. Until recently he was just another do-nothing Senator. However, the budget legislation he is currently ramming through congress — like pork through a sausage grinder — will not help. In fact, it will make things worse.
Although you'll never hear this from the White House, the recession of the early 1980s was worse than this one is now. And it was cured by cutting taxes. What Pres Obama is doing will increase taxes on everybody. What do you think cap & trade is? It's a tax on carbon, which powers most of our economy. His plan is to economically cripple the American people so that we will become "victims." When the free market is killed, we will be forced to submit to the enormous government he's creating.
Socialists do not judge success in terms of money. They do not care much about the condition of the economy. Oh sure... they say they do. They say every expansion of government is "for our own good." The way socialists know that they are succeeding is when they have control over society. I guess we didn't really believe candidate Obama on the campaign trail when he said he wanted to "re-make" America. That sure is what he's doing now.
So, what's a poor (and growing poorer) boy to do? We have to stop doing what's wrong and start doing what's right. It is wrong to vote for politicians who support policies that will send this economy down the toilet into bankruptcy. It is right to vote for politicians who support policies that will reduce government spending and reduce taxes. And it is up to us to make sure that our elected representatives do what's right.
Forget about this "bi-partisan" crapola. Just smarten up and do what's right!
© Peter & Helen Evans
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