Monday, September 22, 2008
When History Is Written...
I think it's safe to say that George W. Bush will go down as one of the worst Presidents of all time.
While he was hellbent on fighting terrorists on the other side of the planet...
He missed the domestic ones in Congress, in his party, and even in his administration.
These *financial bailouts* - or should I say, this *nationalization* of our banking industry is an unmitigated disaster. Soon it will make his blunders of No Child Left Behind, the War in Iraq, and Medicare's Prescription Drug Bill look like small potatoes.
As forward-looking and as smart as I think I am, I'm having a real hard time hedging myself against this storm.
Nevertheless, I will carry on with precautions. Next up, I am going to open a safety deposit box at the bank; withdraw between $20,000 and $50,000 cash; and plop it in there.
Although now that I read up on safety deposit boxes (read the comment thread), I am not so excited about this option either. Clearly I am going to have to research this further.
Note that safety deposit boxes weren't safe under civil libertarian Franklin Delano Roosevelt:
"I, as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people."
"Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possession of gold and silver be tendered within fourteen (14) days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government. All safe-deposit boxes in banks or financial institutions have been sealed pending action in the due course of law."
FDR, the architect of Big Government, was memorialized by "bread line" statues.
I'd be surprised if even the most willfully ignorant ever sought to celebrate George W. Bush's eight years.