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The Wholesale Destruction of the American Economy
There is only one organization in the world with the power to destroy the American economy. Throughout 2008, it has waged a terrible war that has severely damaged -- likely beyond quick repair -- the very foundations of that economy. If left unchecked, the pain we're feeling now will seem minor in comparison to the devastation yet to come.
And no, this brazen cabal isn't based in radical shrines in the Middle East or the mountainous border of Afghanistan and Pakistan. Its headquarters is a hundred square mile plot of swampland between Virginia and Maryland. Regardless of the intent of the U.S. government's economic interventions, the consequences of all that help are shaping up at minimum to rival the Great Depression in depth and scale. The ultimate cost may be far larger: the complete loss of our country.
You're being killed with kindness. The weapons of economic destruction have been forced marriages through bailouts, coerced investments in banks, and cash infusions into utter failures. Every time the government steps in, it crowds out private capital, distorts the signaling value of prices, and impedes the market's ability to cleanse itself by sweeping away its failures. Rather than helping the economy and markets recover, all this "help" is prolonging the agony.
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