Bailout

I feel compelled to address the issues surrounding the current bailout of the economy that was passed this week. The bailout will not stop the market from falling. In fact, this bill is going to do more harm than good. The economic collapse was bound to occur; however, the government interfering with the economy in attempts to prevent the collapse is an attempted cure that most likely will result in death. The government involvement in a free economy will destroy the dollar in an effort to save the economy. As a consequence, they will destroy both. The free market / capitalism is what will save the economy. The market is attempting to fix the problem, but the government became involved and screwed it up. The government doesn’t like how a free market corrects problems because of the pain (unemployment, financial loss). Way too much spending and borrowing got us into this mess and no government program can fix the problem – it will only contribute to it. The government crashing the dollar through continued spending and borrowing will result in far greater pain than a free market correction. As the value of the dollar declines, unemployment, standards of living, harm, and crime will increase drastically.

"Now all of a sudden we're one government program away from a complete disaster, from a repeat great depression. These guys are lying. The reality is we are on the verge of that disaster because of the baiout. Now yes, if they don't do a bailout it is going to be difficult for American's to borrow money to buy stuff. Yeah, great! We're to broke to buy stuff. That's a good thing. You know, their saying that if we don't pass this bill nobody's going to be able to borrow money to send their kids to college. That's right, we won't be able to borrow money to send our kids to college, but you know what, that's a good thing. Because you know what that means? That means college tuitions are going to come way down. And that means we won't have to borrow money to send our kids to college because college will be cheap. The only reason tuitions are so high is because it is so easy to borrow money to go to school. The minute you can't borrow money to go to school, school is going to get cheap... (colleges) are going to find ways to cut their bloated overhead so that they can educate our kids for a reasonable cost. But the governement wants to keep us in debt. The governement wants to make sure everything is so expensive that we have to borrow money to buy it. This is nonsense!" - Peter Schiff