Deja vu

Even with a little background in economics, I have no clue of whether this is what the country should be doing right now. Assuming the information is correct that the credit markets have almost dried up – a risky assumption given the media’s bias and inability to provide accurate information – it does seem that we need some action. The problem is that we can be sure of only three facts: the Government, specifically Democrat politicians, created the problem, and we have no reason to think that the bureaucrats who caused the problems will be able to fix them; given two choices of approach to fixing a problem, the government invariably picks the wrong one; after the government completely screws up the long term economy, the Democrats will manage to convince the public that the Republicans caused it. I just heard crackle-voiced, left-field Congressman Charlie Rangel lamenting the financial problems and praising Congressman Barney Frank for trying to prevent the mortgage loan collapse, where, in fact, Frank is one of the main implementers of laws that pandered to minorities by lowering the standards for obtaining home loans. The bailout may be only the first step in the destruction of capitalism and the free market in America. If Barack Hussein Obama becomes the man, he intends to raise taxes on individuals and business, increase the capital gains tax, and remove tax incentives which will be the hammer blow.
After the stock market failure in 1929, the government took over and turned the economy into a recession, then persisted in turning the recession into a depression. They did so by increasing taxes, increasing tariffs, and restricting trade, all of which contributed to deflation, killing the free market, and the shortage of available money. Deja vu.