Response to Senator's Email

Dear Senator Bennett,

The notion that government can put the economy back on track by pumping liquidity in begs the question: where will the money come from?
If it is borrowed then it must a) be paid back with interest extracted from taxes and b)that borrowing will crowd out private sector borrowers.

If it is borrowed from the Fed it is "printed" and the result will eventually be higher consumer prices which act much like a tax.

The only responsible and sustainable method for you clowns in government to put the economy back on track is to dramatically reduce taxes AND spending, deregulate, and drastically cut the number of parasites you employ in government jobs that are a drain on the economy.

Remember, it was regulation, fiscal deficits, and credit expansion by the Fed that caused this mess. Stop trying to cure the illness with the smae things that caused it.

But that would mean relinquishing your power and you will certainly not do that voluntarily.

Read Frederic Bastiat's "What is Seen and What is Not Seen" when you get a chance.

Regards,
Troy Grice

Sucker's Rally

Don't get in yet! Manufacturing is still plummeting. Earnings are shriveling up. Alt A and commercial real estate crash is coming. All paper currencies are inflating. It is a race to the bottom. DOW ain't bottoming until 2010. (Unless a cup of coffee costs $20, that is). Hahaha!