30 January 2009

What's for sale on the political market

Power, like I said. And while most critics look at the cost of all these bail-outs and stimulus packages, when they're not looking at the furthering of an obvious socialist agenda, Thomas Sowell, like me, looks at the power which politicians buy with bail-outs.

What are the Beltway politicians buying with all the hundreds of billions of dollars they are spending? They are buying what politicians are most interested in— power.

In the name of protecting the taxpayers' investment, they are buying the power to tell General Motors how to make cars, banks how to bank and, before it is all over with, all sorts of other people how to do the work they specialize in, and for which members of Congress have no competence, much less expertise.

This administration and Congress are now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s — use a crisis of the times to create new institutions that will last for generations.

To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s. We have the Federal National Mortgage Association ("Fannie Mae") taking reckless chances in the housing market that have blown up in our faces today, because FDR decided to create a new federal housing agency in 1938.

Who knows what bright ideas this administration will turn into permanent institutions for our children and grandchildren to try to cope with?
I taught him everything he knows. And now -- he never writes; he never calls. Oh well.

All this bailing out and stimulating reminds me of a passage in Genesis:

Joseph provided his father and his brothers and all his father's household with food, according to their little ones. Now there was no food in all the land, because the famine was very severe, so that the land of Egypt and the land of Canaan languished because of the famine.

Joseph gathered all the money that was found in the land of Egypt and in the land of Canaan for the grain which they bought, and Joseph brought the money into Pharaoh's house.

When the money was all spent in the land of Egypt and in the land of Canaan, all the Egyptians came to Joseph and said, "Give us food, for why should we die in your presence? For our money is gone."

Then Joseph said, "Give up your livestock, and I will give you food for your livestock, since your money is gone." So they brought their livestock to Joseph, and Joseph gave them food in exchange for the horses and the flocks and the herds and the donkeys; and he fed them with food in exchange for all their livestock that year.

When that year was ended, they came to him the next year and said to him, "We will not hide from my lord that our money is all spent, and the cattle are my lord's. There is nothing left for my lord except our bodies and our lands. Why should we die before your eyes, both we and our land? Buy us and our land for food, and we and our land will be slaves to Pharaoh. So give us seed, that we may live and not die, and that the land may not be desolate."

So Joseph bought all the land of Egypt for Pharaoh, for every Egyptian sold his field, because the famine was severe upon them. Thus the land became Pharaoh's. As for the people, he removed them to the cities from one end of Egypt's border to the other. Only the land of the priests he did not buy, for the priests had an allotment from Pharaoh, and they lived off the allotment which Pharaoh gave them. Therefore, they did not sell their land

Then Joseph said to the people, "Behold, I have today bought you and your land for Pharaoh; now, here is seed for you, and you may sow the land. At the harvest you shall give a fifth to Pharaoh, and four-fifths shall be your own for seed of the field and for your food and for those of your households and as food for your little ones."

So they said, "You have saved our lives! Let us find favor in the sight of my lord, and we will be Pharaoh's slaves."

Joseph made it a statute concerning the land of Egypt valid to this day, that Pharaoh should have the fifth; only the land of the priests did not become Pharaoh's. ~ Genesis 47.12 -- 26 (NAS), emphases added.
Sad to say, but it makes Joseph a bit of an anti-hero to me. Where did all the grain come from in exchange for which the people eventually sold themselves as slaves to Pharaoh? Why, the people who sold themselves as slaves to Pharaoh! That grain was taken from them in the form of taxes. And they had to sell themselves in order to get it back.

Egypt's distance past.

Our near future?

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About Me

James Frank SolĂ­s
Former soldier (USA). Graduate-level educated. Married 26 years. Texas ex-patriate. Ruling elder in the Presbyterian Church in America.
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