Friday, October 24, 2008

Tough Times Call for Socialism

Treasury Secretary Paulson said this on October 14, 2008:

"Government owning a stake in any private U.S. company is objectionable to most Americans, me included. Yet, the alternative of leaving businesses and consumers without access to financing is totally unacceptable."

Mr. Secretary's statement reeks of 3rd grade logic, for if socialism is the solution when times are really difficult, it ought to create heaven-on-earth during the good times.