Line In The Sand

September 13, 2008 at 8:35 pm | Posted in Politics, Rants | Leave a comment

Many of the decisions that will be affecting Americans’ finances for the next decade or two are now being conducted on weekends behind closed doors instead of during business hours. It seems that every weekend, the government is in discussions on how to bail out the financial industry. Never mind that years of GOP mismanagement and a laissez-faire policy that eliminated regulations brought us to this point – it’s the fact that such help never arrived for the truly value-added industries in this country that could have used this kind of cash infusion – our manufacturing and energy industries. Things can only get worse as the government has become the last refuge of the corrupt robber barons of our age; the “moral hazard” that we have been warned against is here.

The above article says that the government is drawing a line in the sand regarding the possible rescue of Lehman, and that’s exactly the problem – they keep drawing the line further and further back.

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