More risk?

According to Mr. Neil Barofsky, the special inspector general at the Treasury Department, there are dark clouds on the financial horizon. That’s right, the brilliant people from the past administration and the current one have only kicked the can down the road. They’ve given the taxpayer a few chips to play the roulette wheel of life. Only the odds are against the taxpayer and the stakes are higher than the kids’ tuition money.

Mr. Barofsky’s report warned that the government “has done more than simply support the mortgage market, in many ways it has become the mortgage market, with the taxpayer shouldering the risk that had once been borne by the private investor.”

You guessed it, Mr. and Mrs. Taxpayer. You bailed out the banks and the mortgage companies all at the siren call of “we have to do something.” Really? It would have been better to take the hit and learn the lesson. If you buy junk you’re stuck with it. Now the lesson is, buy all the junk you want, the government will give you gold for it. Absolute balderdash. Sure, there might have been a depression or some severely tough times. Still, economic laws are much like the laws of physics. You deny them at your peril.

And these fools, the government that is, want to run healthcare? And decide how much college should cost? And regulate emissions? And decide what kind of jobs are good? And on and on and on. If there’s an adult in Washington, please stand up. We can’t see or hear you. It’s time to close romper room and install people who understand reality.

Published in: on January 31, 2010 at 8:38 pm  Leave a Comment  
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What CAN be done.

Lately, there has been so much talk about economic doom that people have whipped themselves into a frenzy of negativity. Politics aside, instead of so much chatter about what can not be done, may I humbly suggest we start talking about what CAN be done. Of course, let’s start with ourselves. (This is because I’m a firm believer that when you point your finger, three more are pointing back. If you don’t believe me, point your finger at something and then take a look at your hand. Get it?) I think we have forgotten how far and how quickly we have traveled along the economic timeline. For instance, I was doing some research in the United States National Archives, and came across this photo:

womenrailwkAccording to the National Archives, these women are working on this steam locomotive somewhere in Montana, circa 1919. Now, certainly Montana and the year 1919 were not the easiest of places and times. Forget socio-economic conditions, just imagine working against the natural environment and those beasts affectionately known as steam locomotives. Some of the tools used to repair and maintain this equipment were larger than the arms and legs on these women and they were made of steel. Thus, it must have taken two or three women to perform these jobs. And yet, they got the job done, and made the Nation a better place for their children in doing so. Today’s locomotive shops sport hydraulic lifts, computer diagnostic tools, and climate control, not to mention an array of safety measures designed specifically to protect life and limb. The women above had to persevere without such niceties.

Therefore, before we all start bellyaching about how bad we have it, we might better take a look at the people who did jobs exponentially more difficult physically (and perhaps mentally) then we do today. Perhaps CAN and NOT were never placed close together in their sentences the way they are in today’s vernacular. Perhaps these people had the strength and determination to do better for themselves rather than the weakness to cry for government help. Perhaps they preferred the honor and satisfaction of being self-sufficient over the pathetic dependency of being a ward of the state.

So, if all day we speak of nothing but what can NOT be done, well, NOTHING will be done. But if we pause, take a deep breath, and THINK about what CAN be done, well, we might discover just how vast the possibilities are. Initially the future may be uncomfortable, which is simply an expression of the details to which we forgot to attend. Then, as progress is achieved, this minor annoyances will fall away as the pride of achievement rewards those who are willing to do what it takes.

Published in: on March 29, 2009 at 12:58 pm  Comments (1)  
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A Quote For The Times

“The control of the production of wealth is the control of human life itself.” – Hilaire Belloc

Think about the above quote in the context of the government and those wanting to hold office. The talk of controlling the markets, of intervening, of bailouts and rescues obfuscates the reality that once these measures are in place, the government will control the lives of its citizens.

Enough said. For today.

Published in: on October 14, 2008 at 6:30 pm  Leave a Comment  
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Something Else to Consider?

It occurs to me that no matter what anyone says, the government is a big part (if not the biggest part) of the problem with regards to the current economic situation. After all, the government decided to dabble in the mortgage market, came up with some rather insane idea, and implemented its strategy of the course of a couple of decades. Now, let’s not argue or even waste time considering the rights or wrongs of that. The point is, given that they put the taxpayer at risk playing this game, I wonder if the taxpayer shouldn’t step back and say, thanks but no thanks with regards to the government jumping in with both feet to try to “rescue” the situation. Really, they don’t know how deep the water is, or if there are sharks, or if it is water they’re jumping in to. (might be toxic waste they’re headed for)

Just something else to consider.

Published in: on October 9, 2008 at 6:25 pm  Leave a Comment  
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