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The Truth About the Bailout

The Only Cure is the Free Market

Written by Brian Hicks
Posted April 10, 2008





I came across an interesting clip today on YouTube.

It's from the Neil Cavuto show and it is a great follow up to Tuesday's post on the insane mortgage bailouts that are working their way through Congress.

Cavuto's guest is Nicole Gelinas from the Manhattan Institute, a free-market think tank in New York.  Nicole absolutely nails the complete idiocy of all of these plans, explaining to Neil exactly why they just won't work.

Of course, whether or not any one is actually listening to this is another matter in itself, which reminds me of a bumper sticker that I saw on the way to work this morning.

It read:

"If you are not outraged yet, then you are not paying attention"

It kind of describes how I feel when I openly wonder why people aren't rioting in the streets these days. Are we really that stupid or complacent?

Anyway, here's the clip. The audio is a bit rough in the beginning but its truths are crystal clear.

It's madness I tell you.


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