Tuesday, February 17, 2009

Oh, the misery we've wrought down the road.

BREAKING: Obama signs the economic stimulus bill.

Its sorta analogous to being poor, but buying a nice car and LCD TV and other nice things on credit. You feel richer in the morning while you sip the coffee made in your $200 machine, while watching your $2,200 TV and thinking about going for a Sunday drive in your $600/mo. car.

UNTIL the bill comes due; and they repo all your cool stuff.

It has been said 1000 times, so I'll make it 1000 & 1, how is it that easy access to money and credit and living above our means and to excess was the root of the problem AND the answer to it? Letting the market and the economy find its "neutral" would be far more efficient and usefull in the long run, and wouldn't cost trillions of dollars.

UPDATE: Well said at reason.com

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