Wednesday, September 24, 2008

$700 BILLION!



$700,000,000,000.00 Government bail-out! More in a moment.

There sure are a lot of fingers being pointed towards other people, directing blame for the near financial meltdown of our economy. No one wants to take responsibility. The reality is that the fault lies with all of us. Greed is the cause here, and we were all greedy, from the top to the bottom; that's from the president on down. CEO's, CFO's, bank presidents, all of us got greedy.

The biggest problem I see is that we are going to put $700 BILLION in the hands of political bureaucrats. Isn't that letting the inmates run the asylum? They can't manage the money they have. This is such a Democratic thing, and I mean that in the political sense. Let's throw a huge sum of money at it and see if it goes away. That's the same formula I used to keep the big, mean neighborhood dog away, but the dog kept coming back and wanting more, pretty soon all my lunch was going to the dog. THERE IS NO FISCAL RESPONSIBILITY. (big surprise huh?) So why do you think it will start now?

The politicians are at great fault here. They were elected to be watch out for us, to spend our money wisely, instead they were watching out for themselves. All the Wall Street pundits have been warning of this for 2 years. We turned and deaf ear and a blind eye, all in the name of greed.
There is a bible verse ; Timothy 6:10 (KJV) " For the love of money is the root of all evil." I think a great deal of loving has gone on.

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