The Fed has to do something for those rugged individualist types!

8/10/07

This is an e-mail I sent to CNBC in response to CNBC’s request for opinions regarding the Fed’s adding liquidity to the system in the wake of the “sub-prime mortgage” crisis. See my 3/14/07 post.



8/10/07

The same people who argue that the “irresponsible” poor are always looking for government handouts and that the starry-eyed liberals are only too willing to indulge this “sloth” are now calling for the Fed to bail out irresponsible billionaire financiers and financial institutions.

And they don’t even see the irony.

The next time you hear some self-styled conservative calling for smaller government, rest assured that he is really calling for smaller government for poor people only. According to these Janus-faces, government can’t be big enough if it serves the interests of the rich and powerful.


Mark Quinn
Naperville, IL