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Notable and Quotable (I)

Posted on July 23, 2011 by Kendall Harmon

This medicine is very hard for Americans to swallow, but the truth is, we can’t have it both ways. We want an arms-length relationship with the government in good times. In bad times, the cries go out to “do something,” even if it’s pay us to do nothing. We want a free-market economy during expansions, a nanny state in periods of recession. Privatized profits during the boom, socialized losses during the bust.

–Caroline Baum, in a Bloomberg News piece this week

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Posted in * Culture-Watch, * Economics, Politics, Budget, Economy, Ethics / Moral Theology, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, Stock Market, Taxes, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The National Deficit, The U.S. Government, The United States Currency (Dollar etc), Theology

3 comments on “Notable and Quotable (I)”

  1. Hakkatan says:
    July 24, 2011 at 12:01 am

    Very astute observation!

  2. Archer_of_the_Forest says:
    July 24, 2011 at 1:24 am

    I am convinced this country’s rallying now is, “No taxation with representation!”

  3. John Wilkins says:
    July 24, 2011 at 10:31 pm

    We like wars, but we don’t really want to pay for them. We like to make money, but don’t want to pay for the public infrastructure that makes commerce possible. There’s no such thing as a free lunch, but we want everything for free. The religion of Tax Cuts gave us the idea we could have a sophisticated economy without having to spend.