Liberty Reborn

The first unthinkable option, as I mentioned at the end of last week’s article, is to sit back, do nothing different, keep on letting the federal government spend more than it brings in, enjoy the ride and hope like hell that you are one of the lucky ones to die the day before everything goes kablooie leaving a huge mess for our posterity.

A couple months ago my wife and I received notice from Discover Card that they were cancelling our joint credit card. The reason was basically the same as so many other Americans have heard themselves from such companies; we simply were not using it enough.

If I ask you what is different today than a year ago one of your first answers would undoubtedly be the economy. A year ago, while I was watching stock prices give hints that there was some sort of trouble ahead and telling me to back my investments out into more conservative safe havens, most Americans were fumbling along much as they always had.

Liberals and their allies in the media spend a lot of time and energy these days trying to convince Americans that all is right with the world despite a panic that has now turned over in to a recession and threatens to morph into a depression. All this under their direction of course but do not you dare bring up how their harebrained schemes to put people in houses they could not afford or give them loans they could not pay back lead to the credit panic that started all this.

The story, as it goes, is that Ludwig von Mises, who was the finance minister of Austria at a time of great financial crisis, was approached by the bureaucrats about the rampant inflation that was infecting society. They sought his wisdom and help in alleviating the problem and he agreed.

Remember when you were a kid and you and your friends would go out and toss around the old pigskin? Then along came the Nerf football? They were softer and squishy; a lot easier to handle and a lot more forgiving than the harder, antiquated leather version of the football right?

With the world financial markets continuing to struggle, we learned one thing Tuesday as Barack Obama ascended to the Presidency and he immaculated all over everyone in attendance. We learned that, to be certain, the mere presence of President Obama and his voice speaking words is not enough to help cure the financial mess that liberals have gotten us into over many decades of violating basic rules of economics.

Refinancing deadbeats who have taken out more debt than they can afford is proving to be a folly. Over half of those homeowners that had their loans reworked and given more favorable terms are falling behind on payments again according to banking regulators.

The entire fiasco going on right now involving banks, investment houses and other financial institutions can be summed up with a simple four word question; “What do I care?” Yes, this question applies to the attitude exhibited by nearly all involved from those in government, to those that ran these businesses to the very people themselves that put their money into these institutions or took out loans they could not afford and knew they could not afford. For years they have been applying an attitude of simply, “What do I care?”

When I told a friend that this week’s article was going to be titled, “Words conservatives do not want to hear,” he said, “What’s that? Are you going to say,‘I’ve decided to vote for McCain?’” Absolutely not! Perish the thought that such sacrilege would ever pass my lips! But he was close because the words do indeed involve the Republican presidential nominee, John McCain.