Oh boy ... yes indeed! The politicians are going to come to the rescue!
The Washington Elite promise to save us mere peasants from "Financial Armageddon" by putting us lowly tax-paying bumpkins on the hook for another $700,000,000,000 to solve this "complicated" banking situation.
Don't you feel better now?
Me neither.
A recent Rasmussen Report tells us:
"Just 26% of American adults have even a little bit of confidence that the nation's policy makers know what they're doing when it comes to the current problems on Wall Street"
The lack of confidence is a very promising sign for America, and something the two candidates for president should take seriously.
The mainstream media always believes government is the answer, so they question the candidates about what they're going to "do". I expect a genuine statist like Obama to jump on the bailout bandwagon, but McCain should listen to "we the people" and tell those reporters, and more importantly us voters, that Washington is the problem, not the answer.
Another positive event coming out of this banking debacle is the increased demand for free market thinkers, who are opposed to yet more rank socialism as witnessed by the multitudes of op-ed, radio and television appearances by the scholars at The Cato Institute.
With voters showing their lack of confidence in politicians, it's obvious they see the narrative differently than both the mainstream media and Washington Elite. As Cato executive vice president David Boaz says:
"The biggest emotion we're feeling right now is frustration that the media narrative is that this is a crisis of the free market, a crisis of capitalism, a crisis of under-regulation. In fact it's a crisis of subsidization and intervention."
The Washington Elite may keep trying to sell our American revolutionary anti-state soul to the devil, but "we the people," in the true spirit of America, are fighting back!
The tone of media reporting could lead one to believe it is possible for government to "fix" this crisis caused by government, without any unanticipated negative consequences, if only those recalcitrant Republicans would vote yes.
But the crisis itself IS the unintended negative consequence of deliberate government policy, laws passed by Congress, and malfeasance on the part of government appointed managers of government owned mortgage companies.
When will The People wake up?