Yesterday, we almost became France

I haven't seen a lot of mention of this today, so I want to make sure to get it in black and white.

We almost became France (or Russia or Venezuela) yesterday with this stupid, government-purchasing "bailout" of Wall Street. The Federal Government would have purchased mortgages. If the Federal Government purchases something, it can direct what happens with that something. This is a frightening prospect. It is called Socialism. Government owns stuff/everything, and it can direct what happens with stuff/everything. As Jeb Hensarling said yesterday, "if we lose our ability to fail, we will soon lose our ability to succeed." This is what France is. It's why nothing much comes out of France anymore, besides wine and cheese. They spend two months in the summer on government-mandated vacation, and nothing gets done. Their national productivity is awful. We don't want that. And if this "bailout" nightmare had passed, there would have been no turing back. It would have changed the American economy forever. Forever.

So, a huge "thank you" today goes to the House Republicans who stood on Free Market principles and said "no" to Socialism. Stay strong, and get some of your friends to come back to the Free Market side. The Defeat-ocrats and the Lame-Duck-in-Chief aren't going to quit anytime soon.