Wednesday, March 25, 2009

Straight Talk

Prime Minster Topolanek

Government bonds, bailouts, bad credit, stimulus packages, government takeovers, toxic assets, massive inflation, devalued currency, no solvency, Chinese meddling. What is the end result of this toxic soup?

The Czech people know a thing or two about the ravages of political totalitarianism (the Nazi occupation) and economic collectivism (Communism). Putative "experts" in Washington, paging Secretary Geithner, should take heed of what Czech Prime Minister Mirek Topolanek had to say regarding Obama's economic plan. (The SNL skit a few weeks back, posted below, that portrayed a totally clueless and hapless Sec. Geithner taking suggestions from call-ins as to what he should try next pretty much hit the nail on the head.)

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