“Rule one: Never allow a crisis to go to waste, You never want a serious crisis to go to waste; and what I mean by that is an opportunity to do things you think you could not do before."
-- Rahm Emanuel, Mr. Obama’s chief of staff, former Representative, Democrat of Illinois. [I have seen this quote worded slightly differently; a video must be out there to check.]
As the Mortgage Blowout developed, I was thinking along the lines of Comrade Emanuel. I thought that at last, this crisis would cause the nation to see the light: we can not keep interfering with the economy without concern for the long term results. Surely the nation would wake up and start to back away from the incessant overburdening of business with mandates and regulation. Furthermore, I though that the gravity of the situation would be an immediate spur to the American spirit. I thought we would knuckle down, get to work, and stop begging for handouts. Prices of everything, including our houses and labor, would adjust downward to a rational level. The crisis would soon end and we would be on a normal, sustainable path to strength and growth. I must admit that I was naive enough to be shocked when it didn't come down that way.
The press, the Emanuels, and the Noam Chomskites of this world quickly twisted the truth and blamed business, CEO's, and the "free market." Their deception lead in great part to the election of BHO. We went down the path of more government spending for handouts and more power at the top. A sad day for freedom, truth, and prosperity.
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