After a series of government interventions in the private markets, one seemingly more astonishing than the next, lawmakers found themselves confronted on Wednesday with the question of when and where to draw the line on future aid.Even though that aid may appear to help those "blue-collar Americans" keep their jobs a little while longer, it's at the cost of eroding the value of the dollars in which they are paid. In essence, they're subsidizing their own employers through a hidden inflation tax. But since everyone's decided Uncle Sam has to "do something" every time a bad idea or bad management bears bitter fruit, the game's not likely to end anytime soon.
But with billions of dollars in financial backing already authorized for Wall Street, and with Election Day fast approaching, Congressional leaders seemed uninterested in denying help to large employers of blue-collar Americans.
Maybe in America 2.0 we can permanently limit the government's role to a defensive military and ceremonies on national holidays. Government pretty much makes worse anything else it touches. Worth remembering as the nationalization of the economy continues.


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