SERVING THE ON-LINE RPI COMMUNITY SINCE 1994
SEARCH ARCHIVES
Current Issue: Volume 130, Number 1 July 14, 2009

Ed/Op


Allow the market to right itself

Posted 04-20-2009 at 10:59PM

Ashlee Giacalone
College Republicans

Everyone is talking about tea parties. Why? Because everybody knows that our children’s future taxes are being promised and used to bailout Wall Street by the trillions. Our property tax bills in New York are way too high. It’s a fact that we are the least free people in the United States. Some people are paying upwards of 50 percent of what they make, and that only includes yearly taxes to the state and federal government. We are then further taxed by everything we buy, as well as taxed when we die: the death tax, taxation without respiration. Are these bailouts the government is signing necessary? Are they really trying to stimulate the economy? I say these are instead targeted to pay off big donors. Who does the stimulus really benefit?

Looking at this, we have to ask ourselves, are these bailouts even designed to stimulate the economy? The GOP has a plan to make all home mortgages interest rates 4.5 percent that would put almost $500 a month into the hands of the average America! Every month! That sound stimulating to you? It has the added bonus that it does not cost my great grandchildren a dime. And it can be done with the stroke of a pen.

A bill has been introduced in Congress to check every bill and law against the Constitution. Why? To see if it is legal! Not one democrat will sign on? Why not? Where are the protectors of our liberty? Our future? Higher, even more oppressive taxes! We know that companies have failed to improve how they do business. Why should you be forced to invest money into failed enterprise, through taxation? Our government is able to do that to Americans? Should they be? Commitments totalling 1.1 trillion to the International Monetary Fund? Why not to the USA? Over 10 trillion in national debt. When will the American people see a liberty dividend? We have been promoting and providing liberty, and other minor things like high-tech medicine. We are also the free world’s unpaid police! We invent new medicine and we are the world’s entertainment capital. Our intellectual property is stolen, robbed by members of these “favored nations” and our congress does nothing.

We are the world’s largest debtor nation? This sounds like a bad joke. America defends the world from tyranny, and this is the thanks we get?

No more bailouts! Let them fail. We can rebuild from the ashes a more cost-efficient, environmentally friendly, nano-tech rich economy. It’s time to re-invent the American Dream, like they did during the Industrial Revolution; let’s start now before there is a second American revolution. “failure” is the unfortunate byproduct of competitive business that helps keeps the economy healthy and growing.

We know it is government overreaching that has caused us to falter; the only way to right ourselves is to let market forces prevail. It is the same with the sub-prime housing loans. If banks made the loan with people they were unsure could pay when the payment ballooned, they should be forced to deal with the consequences, so that they can learn their lesson and not follow these same methods again. If they bought up a barrelful of them, too bad, you lose. The government illegally came to the aid of these corrupt companies, and by doing so, it is making the American taxpayers pay the consequences instead of the business risk-taker. This is bad for American morale and deadly to our free-market economy, as it is over regulation of a free economy that sets up a class of predetermined winners and losers based not on competition, but on government bureaucratic favor. Corruption soon follows—or in this case—the graft, or what they call “bonus” is built right in from the start. It is this kind of “help” that will kill the patient; it will turn what is a code-blue situation, with the country badly in need of life support, into a hyper-inflated third world status, junk-bond nation.

My point is this: Patriots, if you agree with me and don’t want more bailouts, if you think that we are all taxed more than enough already, I welcome you to join me and some like-minded folks today at the Albany Corning Preserve for a national tea party. It’s from 11 am–2 pm, and all of America will be watching. See you at tea time.

Editor’s Note: The Progressive Student Alliance, College Republicans, and College Libertarians rotate columns triweekly.



Posted 04-20-2009 at 10:59PM
Copyright 2000-2006 The Polytechnic
Comments, questions? E-mail the Webmaster. Site design by Jason Golieb.