Government meddling harmed a lot of businesses. Now that same government prints money for a bailout, so taxpayers think they own the businesses and can veto purchases like corporate jets. Washington shouldn’t tell businesses how to run and neither should you. But when a company or a person accepts money, there are always strings attached.
This bailout money is not your taxes. Washington is printing the money for it — and when you do that, at some point inflation has to rear its ugly head. Nobody is talking about that, but when inflation hits, it’s going to be the greatest tax that you pay. It’s a law of economics.
January 28 2009 04:00 pm | Blog