Return of the Nanny State
As a "libertarianish" person, I'm not clear why taxpayer money is needed to offset a belt-tightening that either must happen now or soon after. Increasing our national debt now is pointless if we don't have a more credible plan to lick our addiction to easy-but-fake-money in the near future.
What also irks me is the notion that we're going further into debt in order to play a coddling nanny to panicky Wall Street managers. They are holding my (once) large 401k in their hands, and they are shrinking it by screaming like little schoolgirls. The market psychology vexes me. Forget the fancy MBA talk; why don't more fund managers see investments as long-term matters that don't require short-term freaking out?
Couldn't politicians like Bush and McCain, who just days ago insisted the economy's fundamentals are strong, focus more effort on lecturing Wall Street about these ostensibly strong fundamentals, and less effort on suddenly throwing billions at them to cheer them up?
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