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Monday, October 6, 2008

United States Bailout Folly

Once upon a time our stock market crashed. Well actually several times it crashed, once really bad in the 1930's and again in the 1980's. It destroyed the global economy and all the people were doomed and suffered for decades trying to rebuild. Not quite.

In the 1930's the only president to serve three terms, Franklin Delanor Roosevelt, instituted broad sweeping social reforms (not put a band aid over the problem for those that created the mess) and created institutions that are still felt today. He started the park service and we know have all these natural wonders around still for us to enjoy. He created the highway system we have today. He had a simple concept; a days work earned a roof over your head and food in your belly. Three things are required for survival; food, clothing and shelter, not BMW's, mansions and millions.

Our nation is in such a state that we are closing our military bases to ease the budget. We are cutting back our government contracts to manufacturers to ease the budget. And yet, we are still spending huge amounts on an unpopular war which will reap our country no financial benefit, and passing a bill to bail out the fat cats that chose to risk their money in many ways by taking advantage of giving "easy" loans to poor people.

I am a proud citizen of this country and I feel the bail out is a mistake. If you want me to put it into an easier perspective let's set up an office outside Vegas and have the government give money to the poor unfortunates that leave there empty handed.

Have Fun and Be Great

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