“The more the Fed takes on its balance sheet, the more the long-run independence of the central bank is damaged. Monetizing so much government debt is what Third World nations do. Draining the new money from the system will someday be a problem. It may introduce a round of ‘beggar-thy-neighbor,’ central bank-engineered currency depreciations.” –economist Tyler Cowen
“[Treasury] Secretary Geithner wants AIG and executives at other companies that receive tax dollars to be paid according to performance. That is a standard most of us would like to see applied to Congress, which enjoys annual pay increases no matter how much incompetence, malfeasance and misfeasance it demonstrates.” –columnist Cal Thomas
“This whole AIG fiasco — where the entire political class is suddenly screaming over bonuses paid to derivative traders in AIG’s financial-products division — is just a complete farce. What it really shows is how the government has completely bungled the AIG takeover. Blame the Bush administration and the Obama administration. It also shows, once again, why the government shouldn’t run anything, because it cannot run anything.” –economist Lawrence Kudlow
“What do we learn about Obama from the ‘Special Olympics’ gaffe? We learn, first and foremost, what we already knew: Obama is an elitist with a high school sense of humor.” –columnist Ben Shapiro
“This country no longer has any enemy combatants to worry about. There, don’t you feel better? Probably not, because you know that, although the new administration has decided to drop the legal designation Enemy Combatants, they’re all too real. Only the name is gone.” –columnist Paul Greenberg
“[W]hen I think of my children and my grandchild, I’m not worried that they will suffer for lack of money. I worry they’ll suffer a much worse fate: lack of freedom. … We have to fight our way — not back, but forward — to a country in which self-dealing politicians control less of our economy and less of our lives.” –columnist Paul Jacob
“We can recall that the founders of our country intended the role of government to protect our lives and property, not violate them. And that in times when we have respected that proper use of government, our country has prospered.” –columnist Star Parker
via: patriotpost
