Will Grigg?s Liberty Minute

November 6, 2008

Our new economic dictatorship is following the Soviet model of personnel management by appointing the least qualified and most corrupt officials to the highest positions of public trust.

The de facto economic dictator is Treasury Secretary Henry Paulson, formerly CEO of Goldman Sachs, which issued and profited from countless bad mortgage loans even as it was short-selling its own stocks.

The Federal Reserve recently appointed Michael Alix to be senior vice president in its Bank Supervision Group. Mr. Alix?s last job was working for Bear Stearns as chief risk assessment officer. That is the same Bear Stearns that was bailed out by the Federal Government earlier this year after it collapsed beneath the weight of failing high-risk loans.

The habit of rewarding corrupt incompetence is a family trait shared by all socialist regimes.

Let us take back the liberty wherewith Christ has made us free.