It appears that our government has proven one thing for sure:
While they claim companies are TOO BIG to fail, out-of-control
government growth ensures economic failure.
The saying is that if one fails to learn from history he's doomed to
repeat it. Or, as my swim students thought, doomed TO DIE. I suppose
there's some truth to that. But what our government leaders have proven
is that they no longer believe in personal responsibility. Company
executives are no longer responsible to plan for their financial future
and make appropriate decisions regarding their organization. No, they
can do whatever they want, then expect us all to feel sorry for them
and then borrow from China to help them.
And I ask, how long until they cut out the middle-man. How long until
China steps in and circumvents the whole government bailout, China
credit tab paradigm?
The answer, as the folk singers were always fond of saying, is blowing
in the wind. With ever more bailouts proposed and passed, our country
spends more in a few months than all our wars combined. And I wonder,
where's the outrage? Why don't we have Obama out there decrying the
'cost of the bailout' like he did with the 'cost of Iraq?'
The unfortunate situation is that no one will stand against this
government power grab. The junkies have found the perfect excuse to get
their fix and they need more, more, more.