Cha Cha Change
Two items struck me today in the Wall Street Journal. In response to a comment that Obama made in January regarding the need for action by the government in order to jumpstart the economy, the Cato Institute ran a full page ad which reads as follows:
The ad appears in many national publications including the New York Times and Washington Post and it is signed by hundreds of economists including many well known scholars and Nobel laureates (Paul Krugman is conspicuously absent however).
The second item that caught my attention was an opinion by John B. Taylor, a professor of economics at Stanford and a senior fellow at the Hoover Institute, entitled “How Government Created the Financial Crisis." The opinion ends with the following observation:
Why is it that Obama, his economic advisors, and the liberal Congressmen strong-arming the legislature into passing the “stimulus” package, all ignore the lessons of history? Here is the answer: not one of those individuals, entrusted with the welfare of America, cares about the lessons of history, the economy, or the country. They care about power.
Change is another word for the manifestation of power. In order to bring about change a person needs to be able to affect and control the status quo. In short, in order to produce change a person must have power. And, at least in the current situation, the purpose of the change is to transfer more power to the federal government -- and, thus, to transfer more power to the politicians currently in charge of the government.
When this bailout bill becomes law, the federal government will have more control over your life and more access to your wallet. The change you can believe in is the change missing from your pocket.