It will be hard for Congressional Republicans to fight this socialist trend when their leadership in both Houses backed Treasury Secretary Henry Paulson’s initial $700-billion Wall Street bailout.
“Mortgage Rates Fall as U.S. Expands Rescue” was the page-one headline in the November 26 Wall Street Journal. The story concerned a promise from federal officials to “pump” another $800 billion into the economy, bringing the grand total of the cost of various bailouts to something over $8 trillion. The term “rescue” is laughable but is used for the obvious purpose of confusing people about the calamity that has befallen our nation. If we’re not bankrupt now, we will be someday because we are being “rescued” by the federal government. This is the ultimate in what William Lutz, in his 1997 book of the same name, called “doublespeak.”
Ronald Reagan always warned of government officials who said they were there to help you.
I would have written that Journal story under the headline, “U.S. Plunges Deeper into Socialism.” But, of course, I’m biased.
It’s not fashionable these days to tell the truth about our financial and economic problems. The reason is simple¯the media want to keep the American people in the dark about what is happening to their country. It is a catastrophe of historical proportions. And the obvious danger is that the loss of political liberty will follow the loss of economic liberty.
More Here
“Mortgage Rates Fall as U.S. Expands Rescue” was the page-one headline in the November 26 Wall Street Journal. The story concerned a promise from federal officials to “pump” another $800 billion into the economy, bringing the grand total of the cost of various bailouts to something over $8 trillion. The term “rescue” is laughable but is used for the obvious purpose of confusing people about the calamity that has befallen our nation. If we’re not bankrupt now, we will be someday because we are being “rescued” by the federal government. This is the ultimate in what William Lutz, in his 1997 book of the same name, called “doublespeak.”
Ronald Reagan always warned of government officials who said they were there to help you.
I would have written that Journal story under the headline, “U.S. Plunges Deeper into Socialism.” But, of course, I’m biased.
It’s not fashionable these days to tell the truth about our financial and economic problems. The reason is simple¯the media want to keep the American people in the dark about what is happening to their country. It is a catastrophe of historical proportions. And the obvious danger is that the loss of political liberty will follow the loss of economic liberty.
More Here