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Where go the bold?

October 1, 2008

First, I hereby publicly commend three young couples to whom I am close, for outstanding common sense demonstrated in their sacrificial service to the Republic.  R&N, R&H, L&M: you know who you are.  What did these promising Americans in their twenties do that turns out to be so exceptional? They rent.

As for their peers and the thirty-somethings before them, and their elders who transformed their homes into ATMs…who lacked the courage and veracity to face being a beginner in life, who lacked the discipline to save for what they wanted, but sought to live beyond their own means and thus foreseeably at others’ expense, I have only one thing to say: No. And I realize I am in a scant minority for saying so.

Michael Medved spent three hours Monday calling me a moron while he whined and howled that rescuing his savings from a one-day market slide is exactly what government is for. He berated me as incompetent to participate in political discourse. He announced the intellectual ascendancy of the thoughtful Congressmen who stood up to the “stupid” voters and supported the bailout. Medved needs to chill and get a clue from Rush. The Cultural Crusader doesn’t get it.

Rush was right Tuesday, pointing out that House Democrats did next to nothing to pull off the vote.  They wanted the bailout to be the pitard on which the Republicans would hoist themselves.  It is very interesting  to observe how very unpopular the bailout really is, and how very much desired it is by politicians.  The politics in play behind the meltdown and its bailout sequel are close to making a monarchist of me.

I was pleased to see so many thoughtful voters rise to the occasion and let their representatives know they thought the bailout was stupid. But I am afraid that people will settle for their one little triumph. Lawmakers will likely craft a something-for-everybody version. Like the kid who has to get something for himself when he goes to buy a birthday present for his friend, many voters will decide that additional FDIC insurance or capped executive salaries will make the near-trillion-dollar-medicine go down, in a most delightful way. 

The pressure has been too steady, the “emergency” language too stern, the principles at stake too little aligned with the self-interest of the majority, for any other result. A government-coordinated market will replace what vestige we have of a price-coordinated market.

Mama Pelosi knows how to stimulate the public suckle reflex. She wants her mama’s-voters never to outgrow benign socialism. We have only to nationalize enough markets and industries and it will all be ever so much more comfy for poor baby voters. And all the people will say, Amen, and let there be mattresses for all who jump down without looking. And let there be sheets.

  1. Laura permalink
    October 1, 2008 4:36 pm

    I was simply fortunate to grow up ignorant of the easy schemes for living beyond one’s means, and to marry a man who grew up around it and therefore won’t touch it.

    Have you written a book on these things yet? You write exactly like a more phlegmatic Ron Paul.

    In his awesome speech here he seems to be at the breaking point after saying the same thing OVER and OVER again to no effect:

  2. October 1, 2008 5:29 pm

    Vic was telling me tonight that even Cato Institute is bellowing, “Bailout!” Man, the wilderness is getting to be a quiet place.

    You’re sweet; my blog’s my book. Or at least my attempt at dementia-proofing. ;)

  3. Jane permalink
    October 2, 2008 6:57 am

    Re blog article, very well said. We see politicians stripped bare in their frantic surge to maintain power/control while shifting blame and screaming like Chicken Little. It’s scary and disgusting, but again, “it’s a good time to be a Calvinist”.

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