A Political “Solution” – Thomas Sowell

Thomas Sowell has written two part series earlier this week called A Political “Solution” at Townhall.  [Part I | Part II].  This series deals with the recent financial crisis on Wall Street.  They are a good read, so check them out.

In Part I, I can agree with Mr Sowell on how government will do in addressing this problem:

There are times when government intervention can make things better. But that is no guarantee that it won’t make things worse. As they say, “the devil is in the details”– and we don’t know the details yet.

Probably most members of Congress don’t know the details yet– and many may still not know the details when the time comes for them to vote on this bailout.

In a way, the one who created the mess in the first place might make it worse.  In fact, Mr Sowell sees it that way:

Why then is there such a mess in the financial markets? Much of that mess is due to the very people we are now turning to for solutions– members of Congress

But as the MSM has been crying “recession” all year long, but one cannot disagree about this fact:

Ninety percent of the people on this planet would exchange their economic situation for ours in a minute. [...]

The American economy is growing, not declining. Our unemployment rate is up to 6 percent but there are countries that would be delighted to get their unemployment rate down to 6 percent. Our inflation rate is up a little but many countries would love to get their inflation rate down to where ours is.

Paul Newman dies at age 83

Paul Newman (Oscar Awards - 1994 - AP)

I just learned that we have lost another fine actor from Holywood’s Golden Age of movie making. Paul Newman died of cancer at the age of 83. [AP-Yahoo | CNN]

I best remember him in Butch Cassidy and Sundace Kid and Sting movies.

He will be missed.  Hollywood does not have anyone like him in the business today.  Many of their best have past away.