Hope? House Rejects Bailout Bill
Libertarians and fiscal conservatives will probably be happy about the news that the House has rejected the bailout bill. Maybe there is hope for the free market after all. However, I'm not so optimistic that this is the end of this saga. Yes, I realize the stock markets may crash in the immediate future if the government doesn't act. Nevertheless, I think the long-term benefit of not having a government bailout is much greater than the immediate partisan political interests of either candidate. Government intervention causes these crises and destroys the free market. It always has, always does, and always will. Obviously, neither candidate has the economic literacy to understand this, which is why a lot of conservatives are disappointed in John McCain. Sometimes principles are more important than political gain. Thankfully, some House conservatives and maybe even some Democrats understand the danger of such an unprecedented increase in government power. Partisan politics at least killed the bill. Bipartisanship is a dangerous myth. Citizens are safer when the government fails to act. I'm just hoping it continues to do so.








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