I return from a long and arduous underway, and have the entirety of the weekend free of duty. It happens to coincide with Cornell's
How would you feel if someone came into your house and stole twenty three hundred American dollars from you? Not too good, I'd bet. Well, it's happening, and not just to you...but to every American. $700,000,000,000. The American people are not fooled by this; I read that the opposition outnumbers the support by as much as twenty to one. Even after getting back and seeing just how bad it is, I'm still convinced that it's not what we need. Mark Cuban has been churning out piece after piece on this topic, and I think he's right; the government's intervention does nothing to change the fundamentals of the markets. We're decoupling risk and reward even more, and that has the potential to continue to protect bad decisions and those who make them. And then there's the matter of the Constitution; it doesn't at all support this kind of action. The bailout may stabilize things in the short run, but I think it does far more damage long-term - because it's another step away from our heritage of freedom.