Bailouts, Pandering, and other Government Foulups

ok, so i'm going to have to shoot straight here. while i normally like to ramble on about random garbage, i've got a serious burr in my ass and i'm gonna have to pick it out. the burr, not my ass. anyway, so this week we have seen our financial sector take quite a large hit. this has been followed by the imperial federal government proposing, then rejecting, and now proposing again some sort of bailout plan for said financial sector. couple of problems with this deal. first, this is going to cost the taxpayers BILLIONS OF DOLLARS!!!! the numbers currently read, including bailouts already given to previously failed institutions, OVER ONE TRILLION DOLLARS of YOUR money. one trillion dollars. 1,000,000,000,000 bucks. that's alot of zeros. hope you make good money. this of course does not include money given to the auto industry to bail them out and the government taking on failed airline pensions, as well as any other bailout schemes i've missed. the big o says that this is an investment by the government into the financial sector. these same investments got us into this mess!!! the government won't profit, as has been suggested, it will lose money as have these financial institutions and the burden will be passed along to the taxpayer. say goodbye to your job, your home, and any money you may have been placing into retirement funds. i could go on, but you get the idea; this is an EXTREMELY costly deal. second, while everyone is saying that the financial sector is doomed without this bailout, wall street recouped around two thirds of it's losses in one day. ONE DAY!!!! this mess stems from investors betting on bad mortgages, those given to people who hadn't a snowball's chance in hell of ever repaying it. i find it ironic that the five cities in the us with the largest criminal alien populations also have the largest foreclosure rates in the country. imagine walking into you bank asking for a 300 thousand dollar loan with nothing but a fake id. then you get it, even though you have no credit score. tell me where the problem lies. said mortgage is sold to a larger company, such as washington mutual, or aig, and they artificially inflate the value of said loan to increase investments in their company. then one day, the balloon bursts, and we are in the situation we are in now.

OK, so that's a brief synopses of the problem, at least my take on it. where do we go from here. my opinion is that we let the market take care of itself. evidence that this will work is in the two thirds gain in one day of previous day's losses. sure, other companies will fail, but rightfully so. for those of you who slept through economics, this is the way a free market works. there are winners and losers. it really is survival of the fittest. any businessman will tell you that the way to succeed is to structure your business to be able to fight and win. the wrong way to do this is to underwrite bad debt. this goes for a business as well as a government. the companies we see failing are those whose poor decision making allowed them to be swallowed up in an extremely competitive environment. yes, speaker pelosi, anything does go. that's the way business works. stick to politics and leave the business to the businesspeople. under no circumstances has a large scale government bailout worked. in fact, they usually only artificially inflate an already burst balloon, keeping it inflated until it bursts again with greater ferocity. another point to make is that this also stems from governmental intervention in said free market. by pressuring institutions to lend to the unqualified, the ifg set this mess up. remember the whole "everyone deserves to live the american dream" horsesqeeze that the current administration fed us earlier this decade? well, here is what happens when the government steps in a "helps" make this happen. now, this is the part where i fess up. i was able to take advantage of one of these trumped up programs, namely the now defunct Nehemiah gift program. i was able to finance my home with no money down, although it appeared that i placed a down payment. this was available to first time homebuyers, and without it i wouldn't have been able to purchase my home when i did. call it a case of "gotta have it now-itis." while i have since shown my creditors that i am a reputable borrower, it could have easily gone another way for them. i had no "skin in the game" so to speak. anyway, i though that it was only ethical to point this out.

so where does the blame lie? you can pretty much take a map, put an "X" on washington dc, wall street, and then anywhere else one of these businesses was headquartered. both sides of the isle in the congress are to blame, and equally so. the white house is to blame. the investors are to blame. the mortgage brokers are to blame. the community activists are to blame. and yes, boys and girls, the american citizens are to blame. that's you and i. i recently read an article on self defense. it stated that you and you alone are responsible for you personal protection. this is an unalienable right, and a moral responsibility. if you fail to protect yourself, you are as much to blame for your demise as is your attacker. failing doesn't mean that you did all you could and were still overpowered. it means that you did nothing to protect yourself. that's the position we as citizens are in. we have done nothing to protect ourselves from this situation. we've allowed our government to become abusive of our rights, our freedoms, and our financial well being. in other words, our rights to life, liberty, and the pursuit of happiness. to continue quoting the declaration of independence, "governments are instituted amongst men, deriving their just powers from the consent of the governed. that whenever any form of government becomes destructive to these ends, it is the right of the people to alter or abolish it, and to institute new government, laying it's foundation on such principles and organizing it's powers in such form, as to them shall seem most likely to effect their safety and happiness."

you ask why i bring this up. i believe that thorough examination of the declaration of independence in it's entirety illuminates interesting parallels between the situation in 1776 and 2008. i believe that any freedom minded american citizen will tend to notice some of these similarities. i feel that we have reached a point in history where our country and it's government has outgrown the republic.

OK, so i've gone on for too long. i however hope that this has sparked a fire deep within your being, a fire that begins to burn for change. not the type of change that the big o is promising, but real change, tangible change. in a future installment we will dig deeper into this change and hopefully discover answers to the question before us. at least we'll kill a few minutes of time in the process.
SC