Leftfield

A No-Nonsense View of Fiscal Stimulus

I believe "plagiaristic" is the word. Probably not.

After denying all until we fell into the present pit, most commentators still think we'll come out as before. Finally most see a longer than usual recession. What a help. I think we've recklessly played with fire for so long, we're going to pay awful prices of lost freedom, opportunity and fully recovered markets. The day after TARP I considered the US in past tense.

Next, it seems few are thinking about how this time will be different for the US. All the elements are in place for full fledged fascism.

We have it now, but as increasing government involvement works poorly, the government will show its teeth ever more. For example, buying houses, once a reward of American capitalism, will be a government program that feels like a gulag. Maybe cars, too.

We have extreme wealth stratification and just handed the perpetrators of the present debacle trillions more. The Patriot Act. A populous largely in bad shape, largely ignorant of economics or the constitution that will go along with "doing something." I don't believe the people gaining power playing or are stupid. They're gaining and will continue to gain far too much for the little people to matter.

I have trouble understanding why the free market advocates I voted for have kept the same albatrosses of taxes, regulations and costs over the neck of our economy while making mostly relatively less-off folks without political clout face third world competition alone. I'm sure government works programs will be awful, but look at the trillions for billionaires we've already thrown away!!!!!!