Jordy Blog

Auto Bailouts

From yesterday’s excellent Campaign for Liberty mailer:

After the Paulson $700 billion bailout package passed in early October, we knew it was only a matter of time before Congress moved to use your money yet again to bail out a struggling industry.

Now, a vote to give funds to the “Big 3″ auto manufactures, GM, Ford, and Chrysler, is likely to come up in the Senate tomorrow [today].

Call your Senators today and ask them to oppose bailing out the auto industry, whether with funds from TARP, revisions of previous loans, or any new grants. To find the information for your Senators, click on our “States” page and look for your state. Phone numbers and links to contact forms can be found near the bottom of each state’s page. We have included recommended letters at the end of this email to send your Senator.

Who knew when we started giving out “free money” with no strings attached that other people might want some as well? This whole thing is absolutely scandalous and inexcusable. Bailouts are nothing more than legalized theft.

Please sign up for Campaign for Liberty if you haven’t yet. Hopefully enough people will rally to the cause of liberty that we can put a stop to this kind of crap.

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Utah to Monitor Gas Prices

The Deseret News is reporting that Governor Huntsman has ordered the Utah State Department of Commerce to monitor gas prices.

That’s just politics as usual, but I’m alarmed by how many people here in “conservative” Utah are commenting that they want the government to step in and “do something” rather than just “monitor”. It’s like we’re all living in some fantasy land where socialism works…

Attention people: price controls only ruin your quality of life. Prices that are artificially low cause shortages, and shortages mean hoarding, rationing, and long lines at the pump. Some days you just won’t get any. Do you seriously want that?

We should be thankful that the State is only “monitoring” for now. Ideally it wouldn’t be monitoring at all, because that’s a slippery slope –especially because political motives are involved. Plus, “monitoring” could be easily be done by an activist group or a not-for-profit –and they could do it without spending your tax money. That said, I will be interested to read the DoC report; I just wish it were generated by someone else and on someone else’s dime.

By the way, where were the government monitors a couple months ago when Utah enjoyed the lowest prices in the nation?

Prices fluctuate. If they’re unfair to either party, the market will insure that they become fair. That’s how free markets work. No intervention is necessary; in fact, intervention is almost always counterproductive.

Utah, the nation, and the world need a healthy dose of Econ 101. We shape our governments by our will, and if the voting public is ignorant of basic economics, our stupid will may well lead to our own demise.

I highly recommend Sowell’s Basic Economics: A Citizen’s Guide to the Economy to anyone who wants an excellent treatise on economics, especially as it pertains to government.

Bush Signs “Mortgage Relief” Bill

Thank goodness our “limited government” Republicans are here to bail us out of the negative economic results of big government through the use of even more big government.  Socialized housing, here we come.