Bailout
Where's my bailout? When is the all-knowing government going to step in and give me an unbelievable amount of money for free?
They're not?!?
Why?
Is it because I've made responsible financial decisions? Is it because I have chosen not to get in over my head when it comes to debt? Is it because I have managed my finances prudently?
Does this seem silly? I'm being absurd to demonstrate absurdity. Of course the fed is not going to write a check to me. They're only interested in writing enormous checks to companies who have made poor decisions, are too far in debt to be solvent, and have not prudently managed their finances; or to folks who have made poor decisions regarding their own lives or property.
This is endemic of the way our society operates. We no longer celebrate achievement because it may make somebody 'feel bad'. We would rather blame somebody else for our shortcomings, cry racism/sexism/whatever kind of 'ism' you want to throw out, reward bad behavior and not set standards for decency and prudence. This Katrina mentality of relying on the federal government to bail you out of whatever situation you have put yourself in is extremely detrimental to the fabric of our culture. Personal responsibility is required from people who choose to live in a 'democratic' form of government - it's the price you have to pay to have Freedom and Liberty. Without sacrificing anything for those timeless values and pillars of our society they become valueless and therefore easily discarded; or worse - legislated out of existence.
The idea that 'the economy will fail' if the fed doesn't hand out $700,000,000,000.00 to companies that have made very poor decisions is ludicrous. Every time you hear the word 'economy' in the news, replace it with 'spending'; and when you hear 'federal government', replace it with 'American taxpayer'. Consumer spending is a larger percentage of the economy than water is a percentage of the earth's surface. Is your spending down? Do you see your spending decreasing in the future? The whole 'bad economy' idea is a self-fulfilling prophecy. If all you hear on the news is that the economy is bad, you might think twice about making that extra purchase - which leads to less economic activity, which leads to fewer purchases... Also, when the fed prints money and hands it out like that, it devalues ALL money. So, thanks to congress your dollar buys a little less of everything now.
What is the real purpose of this boondoggle if not to nationalize more of our resources and production? Our GDP is still up. Our economy hasn't had two quarters of decreased activity (the definition of recession) in 7 years. We are at full employment (5% unemployment is considered full employment). People are working more, producing more and making more money. Why is this needed? Could it be because the leftists are making a play to take over a large portion of the banking market claiming that it's 'needed' it's an 'emergency' and that there 'should be no debate'? Sounds a lot like their fallacious man-made global warming arguments to me. Oh, and take a look at the pork in the 'bailout' bill.
The real solution for this 'crisis' is to let these companies fail! They're the ones who made the bad decisions, not the American taxpayer. Why is it all of a sudden our responsibility to make sure these corporate execs get every bit of the golden parachute they were dreaming of? Just because one bank or one insurance company fails doesn't mean that the free market economy is a house of cards. Like all companies that have failed in the past, other firms will step in and buy up the vacated resources and provide for the displaced market share. These are basic principles of business. Basic principles that have apparently been lost.
What have we learned from this? Make all the bad decisions you want. You can even do it on a grand scale. What about paying the piper? Eh... we'll let the American taxpayer take care of that bill.
They're not?!?
Why?
Is it because I've made responsible financial decisions? Is it because I have chosen not to get in over my head when it comes to debt? Is it because I have managed my finances prudently?
Does this seem silly? I'm being absurd to demonstrate absurdity. Of course the fed is not going to write a check to me. They're only interested in writing enormous checks to companies who have made poor decisions, are too far in debt to be solvent, and have not prudently managed their finances; or to folks who have made poor decisions regarding their own lives or property.
This is endemic of the way our society operates. We no longer celebrate achievement because it may make somebody 'feel bad'. We would rather blame somebody else for our shortcomings, cry racism/sexism/whatever kind of 'ism' you want to throw out, reward bad behavior and not set standards for decency and prudence. This Katrina mentality of relying on the federal government to bail you out of whatever situation you have put yourself in is extremely detrimental to the fabric of our culture. Personal responsibility is required from people who choose to live in a 'democratic' form of government - it's the price you have to pay to have Freedom and Liberty. Without sacrificing anything for those timeless values and pillars of our society they become valueless and therefore easily discarded; or worse - legislated out of existence.
The idea that 'the economy will fail' if the fed doesn't hand out $700,000,000,000.00 to companies that have made very poor decisions is ludicrous. Every time you hear the word 'economy' in the news, replace it with 'spending'; and when you hear 'federal government', replace it with 'American taxpayer'. Consumer spending is a larger percentage of the economy than water is a percentage of the earth's surface. Is your spending down? Do you see your spending decreasing in the future? The whole 'bad economy' idea is a self-fulfilling prophecy. If all you hear on the news is that the economy is bad, you might think twice about making that extra purchase - which leads to less economic activity, which leads to fewer purchases... Also, when the fed prints money and hands it out like that, it devalues ALL money. So, thanks to congress your dollar buys a little less of everything now.
What is the real purpose of this boondoggle if not to nationalize more of our resources and production? Our GDP is still up. Our economy hasn't had two quarters of decreased activity (the definition of recession) in 7 years. We are at full employment (5% unemployment is considered full employment). People are working more, producing more and making more money. Why is this needed? Could it be because the leftists are making a play to take over a large portion of the banking market claiming that it's 'needed' it's an 'emergency' and that there 'should be no debate'? Sounds a lot like their fallacious man-made global warming arguments to me. Oh, and take a look at the pork in the 'bailout' bill.
The real solution for this 'crisis' is to let these companies fail! They're the ones who made the bad decisions, not the American taxpayer. Why is it all of a sudden our responsibility to make sure these corporate execs get every bit of the golden parachute they were dreaming of? Just because one bank or one insurance company fails doesn't mean that the free market economy is a house of cards. Like all companies that have failed in the past, other firms will step in and buy up the vacated resources and provide for the displaced market share. These are basic principles of business. Basic principles that have apparently been lost.
What have we learned from this? Make all the bad decisions you want. You can even do it on a grand scale. What about paying the piper? Eh... we'll let the American taxpayer take care of that bill.
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