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Thursday, July 24, 2008

Dealing with the real world



Copyright 2010 Grand Junction Free Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Grand Junction Free Press July, 23 2008 6:32 pm

Dealing with the real world



The most recent Armstrong column (“How Obama lost another vote”) provides us with another example of intellectual myopia and the resultant view of the world.

Some of us do agree that religious organizations have absolutely no business receiving tax dollars. What amazes me in the Armstrong position is that they obviously ignore an even larger group of “pigs at the trough.”

We are speaking of industries, financial institutions and agricultural organizations who believe that they are “entitled” to subsidies and “incentives.” It would seem that, it being a much larger problem, the Armstrong might rail against those even louder. But they do not.

How many hundreds of billions of taxpayer dollars have already been spent, and even more being proposed, to “shore up” financial institutions such as banks, financial institutions and even private equity organizations and hedge funds, that because they are “too big to fail?”

Even now, the Treasury Department is proposing that government, i.e. taxpayers, purchase stock in the two largest mortgage companies in the United States, FannieMae and FreddieMac, in order to protect the “investor.” And, not to be outdone, the Federal Reserve is proposing to allow those same organizations access to the “money presses.”

Where do the Armstrongs stand on those issues? Or is their belief in “corporatism” so deep that they cannot bring themselves to condemn the irresponsibility endemic in their philosophy and its consequences?

What of the reported food poisoning of thousands (the real figure is “reported cases” multiplied by 30 to 40) of citizens throughout the United States? Or are the Armstrong going to repeat their standard mantra of “The free market will take care of it?” It may, but after how many people have become sick and/or died?

Theory is fine, but even the Armstrongs will have to admit that people do not live in the theoretical world of John Galt? They live in, and have to deal with, the real one.


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