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The Patriot Post Brief 08-50
From The Federalist Patriot
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GOVERNMENT"How can the economy straighten itself out if it is being systematically skewed by government inference with prices? We are in the mess we're in precisely because of earlier government interference. Easy mortgage terms and guarantees contrived a housing boom and irresponsible lending that could not be sustained. The consequences have shaken the foundation of the financial industry. But instead of freeing the market and allowing the errors to be corrected, the government is seducing the economy into a whole new set of errors. That will lead to the next bust. 'But doesn't the government have to act?' people ask. 'We can't just let financial companies fail!' I say, Why not? Jim Rogers, the successful investor and author, puts it well: 'Why are we bailing out Citibank? Why are 300 million Americans having to pay for Citibank's mistakes? The way the system is supposed to work [is this]: People fail. And then the competent people take over the assets from the failed people, and then you start again with a new stronger base. What we're doing this time is ... taking the assets from the competent people, giving them to the incompetent people, and saying, 'OK, now you can compete with the competent people.' So everybody's weakened: The whole nation is weakened, the whole economy is weakened. That's not the way it's supposed to work." --ABC "20/20" co-anchor John Stossel
LIBERTY"Most people on the Left are not opposed to freedom. They are just in favor of all sorts of things that are incompatible with freedom. Freedom ultimately means the right of other people to do things that you do not approve of. Nazis were free to be Nazis under Hitler. It is only when you are able to do things that other people don't approve that you are free. ...[P]eople on the Left want the right to impose their idea of what is good for society on others -- a right that they vehemently deny to those whose idea of what is good for society differs from their own. The essence of bigotry is refusing to others the rights that you demand for yourself. Such bigotry is inherently incompatible with freedom, even though many on the Left would be shocked to be considered opposed to freedom." --Hoover Institution economist Thomas Sowell
POLITICAL FUTURES"There's a danger of extrapolating too much from a single election [in Georgia] held in unusual circumstances that are not likely to be precisely replicated elsewhere. But one lesson of political year 2008 is that voters' preferences are subject to sharp shifts in a period of what I have been calling open-field politics. An Associated Press-Yahoo series of 10 polls over 12 months showed that 14 percent of voters switched candidates, and John McCain had a clear lead in most polls when the financial crisis hit in mid-September. The world isn't likely to stand still in the months and years ahead, and the Georgia runoff result is one more piece of evidence that many political outcomes are possible." --political analyst Michael Barone
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THE LAST WORD"Christmas is once again upon us, and we can expect to witness countless new displays of the rampant secularization of what is meant to be a joyous celebration of the birth of Jesus Christ. Frankly I'm fed up with seeing federal, state and local governments, local and nationwide chain stores, and even the White House -- which last year couldn't call their Christmas Party a Christmas party -- all of them giving in to the intimidation of a handful of secular progressives who loathe Christianity and any celebration associated with it. Despite the fact that close to 90 percent of all Americans are Christians -- and that along with Easter, Christmas is one of the two most sacred days in the Christian calendar -- we have allowed a tiny minority among us to turn Christ's birthday celebration into a secular holiday devoid of any religious significance whatsoever. Merely to greet another by saying 'Merry Christmas' is now deemed politically incorrect and potentially offensive to non-Christians, and is thus taboo. Pity the poor store employee who dares to greet customers with this traditional salutation instead of uttering the meaningless 'Happy Holiday.' Municipalities large and small tremble in fear of being charged with violating the hallowed creed of separation of church and state if they allow the erection of a crèche or Christmas tree on city property, or dare to call the tree anything other than a 'holiday' tree. Obviously, any mention of the holiday's correct title -- Christmas -- is absolutely verboten. It has long been clear that the sole official purpose of the so-called holiday season is to boost the economy with an orgy of buying Christmas presents from establishments which insult us by strenuously avoiding calling them Christmas gifts. ... Have a Merry Christmas. And don't be afraid to say that loud and clear to everyone." --radio talk show host Michael Reagan
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Veritas vos Liberabit -- Semper Vigilo, Fortis, Paratus, et Fidelis! Mark Alexander, Publisher, for The Patriot's editors and staff.
(Please pray for our Patriot Armed Forces standing in harm's way around the world, and for their families -- especially families of those fallen Soldiers, Sailors, Airmen, Marines and Coast Guardsmen, who granted their lives in defense of American liberty.)