Some Quick Thoughts

Some semi-random thoughts.

• Obama's words are meaningless. As the details of the Chrysler deal emerge, it's clear that they saw an opportunity to sieze control of a car company and they took it. Between that and the budget and the downpayment on the health care plan, his pronouncements are the opposite of what he's doing.


• Private investment is secondary to government investment, regardless of where it comes from. For all we know, the Nebraska Teacher's Union may have invested in Chrysler as a bondholder, but that's irrelevant. Bondholders are private investors and are therefore evil. Wipe them out!


• All this talk about the taxpayer bailing out these companies is misleading. The taxpayer isn't bailing out anyone since taxes aren't going anywhere. The dollar is bailing out these companies as the Fed prints the money the Obama Administration needs to continue siezing assets. It's not the taxpayer that's getting the bill, it's anyone holding dollars.


• The Republicans and the press and all the rest of us are indeed irrelevant. We will continue to be irrelevant until we start calling this what it is - economic fascism. There's nothing inherently wrong with fascism. It's just a system of government. Until we start discussing it, however, we won't have any say in the matter. Right now we're all like the family dog watching dad build a swingset (or a gallows) in the backyard. We don't quite understand what's going on, we think we have an opinion, but we don't really have an impact on the situation at all.