The Bear on Oct 01 2008 | Filed under: Political Quote of the Day
“The credit crunch and foreclosure problems are failures of government policy. In fact, what we see now is a market correction to foolhardy government policy. Congress’ move to bail out lenders and borrowers who made poor decisions will simply create incentives for people to make unwise decisions in the future.” —Walter Williams
The Bear on Sep 30 2008 | Filed under: Political Quote of the Day
“Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions [...]
The Bear on Sep 29 2008 | Filed under: Political Quote of the Day
“Crisis is the friend of the State. The politicians are desperate to be seen as ‘showing leadership,’ so we’re surely in for a new round of government interventions.” —John Stossel
The Bear on Sep 28 2008 | Filed under: Political Quote of the Day
“It is equally dangerous giving a madman a knife and a villain power.” —Socrates
The Bear on Sep 27 2008 | Filed under: Political Quote of the Day
“Many are destined to reason wrongly; others, not to reason at all; and others to persecute those who do reason.” —Voltaire
The Bear on Sep 26 2008 | Filed under: Political Quote of the Day
“Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.” - Thomas Sowell
The Bear on Sep 25 2008 | Filed under: Political Quote of the Day
“We cannot afford to differ on the question of honesty if we expect our republic permanently to endure. Honesty is not so much a credit as an absolute prerequisite to efficient service to the public. Unless a man is honest, we have no right to keep him in public life; it matters not how brilliant [...]
The Bear on Sep 24 2008 | Filed under: Political Quote of the Day
“We hang the petty thieves and appoint the great ones to public office.” —Aesop
The Bear on Sep 23 2008 | Filed under: Political Quote of the Day
“Barack Obama[’s]… economic program is based on the assumption that the economy is to the president what a marionette is to a puppeteer, requiring his direction and responding to his every wish.” —Steve Chapman
The Bear on Sep 22 2008 | Filed under: Political Quote of the Day
“Now our opponents tell you not to worry about their tax increases. They tell you they are not going to tax your family. No, they’re just going to tax ‘businesses.’ So unless you buy something from a ‘business,’ like groceries or clothes or gasoline… or unless you get a paycheck from a big or a [...]
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