We, the people, have spoken. The U.S. voting public bombarded congressional representatives with e-mails and phone calls voicing opinion on the proposed 750 billion dollar bailout to save our financial system, and the opinion ran 80% against approval for the scheme. Congress listened to the electorate and failed to pass the measure. It was a triumph for our democracy and a shining example of the democratic process to the newly democratized people of Iraq. Goody, goody.
Just one small problem. The U.S. is a republic, not a democracy, because the Founding Fathers knew that the American public could be trusted to elect representatives—and nothing more. Modern Americans aren’t smart enough to know that they can decide what to eat BEFORE they actually get to the front of the line in a fast food restaurant. Listening to the voting public’s opinion on something as astronomically complex as the bailout package is like listening to a five-year-old’s opinion on nuclear physics. Hell, even Bush and Paulson don’t understand the ramifications of the bailout plan, and they’re the guys who cooked it up. We, the people, are idiots, and congress needs to take that into account. If 80% of us are against the bailout plan, it probably means the plan is pretty good.
Tuesday, September 30, 2008
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