They Told Us So

. . . but they were wrong.

They told us that this bailout was absolutely necessary to "jump start" the economy. They told us if this bill (H.R. 1424) did not pass then the market will plummet. They told us that this would "save" us.

Of course, many of us still opposed it and petitioned our representatives to vote against this unconstitutional bill.

Two market days later the drop AFTER the passage and signing of said bill is equal to some fear mongers' estimates of what it would do if it was not passed. Approximately 8%.

Now I am sure that things could turn around (for a short time) due to MORE government intervention, but the point is the expediency of this wicked bill.

Perhaps more folks should have been listening to the Austrian economists that were warning us all along of the impending crisis. They are the ones that have spoken the truth in the matter and yet they are still met with great derision.

The Austrian school also told us the bailout will not work because it is the cancerous government intervention that got us here in the first place. They are the ones that told us so.

So why are Americans putting up with this. Hopefully they will not, but my guess is that they will continue to "condone" the treasonous behaviour of their leaders by casting their votes for the same or equally treasonous men in November.

They told us that this would be best for America; a necessary evil, but as Levon Helm said in Shooter, "they also said that artificial sweeteners were safe, WMD's were in Iraq, and Anna Nicole married for love."