Wednesday, January 28, 2009

Thomas Sowell on the bailout

"What are the Beltway politicians buying with all the hundreds of billions of dollars they are spending? They are buying what politicians are most interested in—power.In the name of protecting the taxpayers’ investment, they are buying the power to tell General Motors how to make cars, banks how to bank, and, before it is all over with, all sorts of other people how to do the work they specialize in, and for which members of Congress have no competence, much less expertise."

Thomas Sowell is one of the brightest people out there - and in his current column, he tells us what the politicians are really doing do with this crisis that is simply too good to waste.

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