Thursday, March 19, 2009

Nationalization as a Route to Socialist Policy

Michael Reagan has a great article, entitled A World Gone Mad over at In it he makes the point that Barney Frank, Christopher Dodd, and a few others should be wearing prison stripes right now. I privately made the same point to my wife right after the first TARP was passed (yes, by both Republicans and Democrats.) But what has unfolded since is far worse, and has made the situation worse. Reagan's plight, by the way, is exactly what I warned about at the time. Namely, that lending and credit would become the political tools of the left. So, for example, someday I expect to see that...say...Kimber would not be able to receive credit since it is a "merchant of death" or some such. We are seeing up close now the effects of having government mucking about in private affairs.

Are you mad enough yet?

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