Letter: State of the economy (repost from mlive.com)
I’m starting to like Michigan more and more. Bad weather seems to make people tough….job losses, statewide recession, car industry failing and they are just not giving up. They are toughening up, voting their way forward, seeking solutions, staying strong and not sucking on the government’s tit or trusting bailout lies. This is a quick ‘letter to the editor’ on the State of the Economy. I read from The Grand Rapids Press Online in Grand Rapids Michigan.
Letter: State of the economy
Monday December 22, 2008, 8:00 AM
Many years ago, when the United States was a very young country, a Frenchman named Alexis de Tocqueville toured the country extensively. Writing in his book that in his estimation the United States, as a country, would prosper until the citizens learned how to tap the treasury to benefit themselves.
His prediction appears to fit the present economic situation. Our great grandchildren will still be obligated to pay for the massive bailouts being imposed upon the taxpayers. They will be taxed without representation. Isn’t that one of the causes for our revolt against the British?
The traditional government alternative is to debase the currency by the printing press until hyper inflation makes the present inflated currency look far better than it really is. By this action, they (any federal government and any debtors) can pay everything with paper money that has the value of used toilet paper. Only the creditors loose! Of course, the frugal, those with bank accounts, the people on fixed incomes and those with tight contracts are all wiped out financially.
When the little voice whispers into your ear the words which terrify any thinking person, please, remember on of the greatest lies in the world is “I’m from the government and I’m here to help.” In the long term it has never helped.
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