Every new act of government futility and stupidity carries with it a benevolent-sounding title. These include the “Anti-Greed Act” to redistribute income (sounds like Charlie Rangel’s promises soak-the-rich tax bill) and the “Equalization of Opportunity Act” to prevent people from starting more than one business (to give other people a chance). My personal favorite, the “Anti Dog-Eat-Dog Act,” aims to restrict cut-throat competition between firms and thus slow the wave of business bankruptcies. Why didn’t Hank Paulson think of that?
These acts and edicts sound farcical, yes, but no more so than the actual events in Washington, circa 2008. We already have been served up the $700 billion “Emergency Economic Stabilization Act” and the “Auto Industry Financing and Restructuring Act.” Now that Barack Obama is in town, he will soon sign into law with great urgency the “American Recovery and Reinvestment Plan.” This latest Hail Mary pass will increase the federal budget (which has already expanded by $1.5 trillion in eight years under George Bush) by an additional $1 trillion — in roughly his first 100 days in office.
The current economic strategy is right out of “Atlas Shrugged”: The more incompetent you are in business, the more handouts the politicians will bestow on you.
finance,personal finance,yahoo finance,google finance,chase auto finance,chase home finance,american general finance,car finance,chase automotive finance,auto finance calculator,capital one auto finance,importance of finance,finance calculator,equipment finance,business finance,technology finance
{ 3 comments… read them below or add one }
She was pretty smart for a woman. They should require her books to be mandatory reading material in High Schools.
It helped G.W. Bush get ahead. Well, government handouts (like the new stadium that improved the value of his ball team) and from the Saudi Royals.
Not really but go ahead and believe it if it makes you feel better.