We have people with power speculating on ways to stimulate the economy. The problem is way too many people confuse power with experience or wisdom. People with power don't do things the will diminish theirs. This is all about 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.
We have the Federal National Mortgage Association (Fannie Mae) taking reckless chances in the housing market that have blown up in our faces today, because FDR decided to create a new federal housing agency in 1938.
Who knows what bright ideas this administration will turn into permanent institutions for our children and grandchildren to try to cope with?
And at the end of the day, President Obama will get what he wants. The politicians are thinking about one thing and one thing only: how to take credit when the recovery happens, or how to be insulated if it doesn't.
If they faced losing their job, their home, and all their savings, they'd take a different approach. As they are safe, at least for the rest of this term, they have time to play games and they will.
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