Give Back My Wallet
By Arnold Kling
Forty-five percent (45%) of Americans oppose the federal government subsidizing mortgage payments for financially troubled homeowners, according to a new Rasmussen Reports national telephone survey.
Thirty-eight percent (38%) think government subsidies are a good idea, and 18% are not sure which course is best to follow.
It seems likely to me that more people oppose the auto bailout than support it, more people oppose the housing bailout than support it, more people oppose the stimulus than support it, and more people oppose the bank bailout than support it.
Starting last September, our country has gone through six months that shook the world. We have abandoned free markets. We have abandoned democracy, in the sense of having policies that reflect the popular will. The United States has become a technocratic dictatorship.
I’m tired of watching Paulson, Geithner, Bernanke, and now the Obama Administration picking through my wallet and giving my money to people who I don’t want to see get it. President Reagan expressed a vision for the fall of the Soviet Union when he said, “Mr.
Brezhnev Gorbachev, tear down that wall.” My vision for the fall of the technocratic dictatorship might be expressed as, “Mr. Obama, give back my wallet.”