Nothing Is Working Itself Out
The government bailout plans and intervention in financial markets are very troubling to me as a free market capitalist. As much as they keep saying they are trying to help improve the financial system, it really is nothing but a great effort to prevent the markets from “working themselves out”. They are achieving opposite of what they say they intend to do. Please, would all interventionist politicians stop using this phrase “the problems are working themselves out.” They have nullified the meaning of capitalism and nothing is working itself out on its own when they are involved. If things would be working themselves out, there wouldn’t be a plan to keep everyone in houses they cannot afford because the markets cannot afford them to sell the houses. There wouldn’t be plans to help banks avoid selling CDOs they cannot afford to sell and because they believe the market cannot afford to see them sold. The government will continue down this path and as much as I don’t like it, no one ever elected me or appointed me to an office that would allow me to influence these decisions. So I just do the whole freedom of expression thing here and not much else (pathetic huh?) But one of the few things I ask is to be blunt and honest - I know that is tough for them, especially during an election year(Isn’t every year an election year?). But it is extremely deceptive, misleading and dishonest to do all this government intervention in markets and then utter a phrase that says the problems in the markets are “working themselves out.”

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