Wednesday, September 24, 2008

The Unconstitutional Misappropriation of Taxpayer Dollars

It has come to my attention, as it has to millions of other people lately, about the recent disaster at Wall Street. Few people are alive today who truly remember the "roaring 20's" well. As with all types of economic systems, even the free market, although the best system currently known, is not without its pitfalls. This does not mean, however, that the government, against the constitution, can abuse our taxpayer money in such a manner as the president and congress are contemplating. Haven't the neocons and socialists in Washington done enough the last four decades?

If we just let the free market work, and let the companies go under, this whole Wall Street mess will be quick and painless. While it is a free market, there is freedom to fail too. The banks made the bad decisions by lending to people who could not realistically afford to borrow, and now they are suffering. Let the banks collapse as a lesson, so they will not make the same mistake again. If corporations know that their big brothers in Washington will rescue them at the expense of the taxpayer for their blunders, what is to discourage unwise practices on their part? Baling them out is unconstitutional and a misappropriation of the taxes people have entrusted to Uncle Sam.