Wednesday, November 12, 2008

The Economic Bailout is a Bad Plan

There is one simple reason why the economic bailout plan proposed and passed by our Democrat President and Congress is a bad plan. It puts control of the money in the wrong hands. Where does the government get its money for the bailout plan? From the taxpayers, from you and me. In taxing the people, the government is taking away from the people the very thing necessary to get the economy going again, spending power. Oh, sure the government will give the money to those in need, the banks that are failing. But that is just the point; they will be giving the money to failures and to the failed policies and activities the government has already established. You and I would more likely put that economic power into enterprises we deem successes.

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