Well, the good ol' USA economy went on a major binge recently and got all kinds of
fucked up. I'm personally having a hard time sorting out the politics. I mean, first the government bails out Fannie and Freddie, calling it a bipartisan necessity. Then they don't bail out Merrill or Lehman, and republicans are happy that the government drew a line in the sand. But then there's this massive loan to AIG, an effective government takeover. What happened to the line in the sand?
I just don't understand how the fundamental thrust of the Republican party's rhetoric is Free Market, small government, etc., etc., and yet no one seems to have too much of a problem with the Feds having complete control of virtually every major loan in a country with a profound addiction to debt.
Am I wrong here? Does the past week not conpletely contradict everything on which the Right has tried to build a name?
Also, shouldn't we be terrified by all of this? Is it just me, or did we basically become a Socialist State over night...during a Republican presidency?
I'm asking these question because I honestly don't know. Macroeconomics boggles my mind, and the more I learn the more confused I become. Throw politics into the mix, and you end up with an absinthe laced cocktail of Chaos and Despair.
Someone...please help me sort it out.