Comment of the Day

"...you have to keep in mind that polticians are buying votes, not economic expansion or stability."

That from KT in response to our own comment on his financial crisis piece where we marveled that despite all the analysis that has been done with respect to the financial crisis (from which we have been educated greatly), the lessons-learned boil down to the essentials of “what we learned in kindergarten”.

And this remains the most critical element of all these bailouts and stimulus packages and why government involvement in economic recovery is inherently flawed:

What is the motivation for the government injecting themselves into the equation?... Votes. Not profit which is the true creator of jobs but votes (amended: but in truly perverse fashion, pocket-lining profiteering which creates no jobs combined with votes has now become the motivation).

The more we read and the more we learn, we keep asking ourselves the same question over and over: How can any good come from the actions of an entity that’s only motivation is self-preservation, especially when that entity’s actions was at the focal point of the current financial crisis?

It seems so obvious, doesn't it? Then why are we buying it?

Apologies for that semi-populist screed. You all know how much we despise such plebian red meat in these parts.