Posted by
Contrarian Guitarist on Thursday, October 16, 2008 12:27:41 PM
I have to say I really love the Law of Unintended Consequences (LUC). It will, for me, be the most enjoyable thing about being governed by Obama, Reid and Pelosi. One predicted unintended consequence I can see coming: shift in democratic thinking when the Fed's investment starts to pay back. Big! Suddenly, in spite of lower tax revenues from individual payers due to the looming recession, the gov'ment money bags will swell as their investments in banks and financial and insurance companies, bought for pennies on the dollar become worth real dollars, in spite of Fed management. Suddenly they'll notice that pro-business policies will result in better return on their investments. More money to give to the poor. Wait, where did the poor go? What, the pro-business policies resulted in more jobs?!?! What LUC!