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September 29 2008

Call me for the new economic plan!

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Ok, so here is the economic plan for the ages.  The one that will really stop the downslide we have been in for quite some time!!!!  Now, really, it won’t put off the final plunge forever and maybe it isn’t the best plan ever, but then, neither is the one on the table right now and I really think mine is better….

GW should come out tomorrow flanked by tweedle dee and tweedle dumber and also known as Nancy Pelosi and Harry Reid.  He should announce to the country that as of midnight LAST night, anything that you were in the process of buying is now yours free and clear.  No house debt, no credit card debt nothing.  Banks also don’t owe anything.  The debt has all been forgiven.  Now…what do you think would happen to the markets??  People, with all this extra cash at their disposal would what?? SPEND SPEND SPEND.  The stock market would shoot up, car manufacturers would sell, people who couldn’t qualify for a loan because of their debt to income would suddenly be able to buy a home.  Eventually, of course, we would be back here but, lets face it, eventually we will be anyway.  This is nothing but a band-aid and will not fix anything.  Really, the free market answer would be to let it fall.  We are NOT suffering from a lack of regulation.  Regulation in the first place got us here.  Instead of taking more tax payer money, just give them all of their money to spend…then see what happens. HMMMMMMMMMMMMMMMMMMMMMMMM

September 27 2008

Is the sky falling?????//

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Ok, so if you want to be honest, the financial issues we are now facing go back almost 100 years to the last Depression.  There have been things along the way that have made it worse (adding more and more government “tinkering” comes to mind, or else re-working the Community Reinvestment Act in the mid 90’s a la Clinton style).

Now here we are.   John McCain (who has made it clear from the beginning that his country is more important than winning this election and has proved it) suspended his campaigning and dragged BO back to Washington kicking and screaming.  Congress is supposed to be fixing this since GW has been on TV doing his Chicken Little immitation.

Now what???/  We are supposed to be ready to give the whole farm to the elected and appointed officials that contributed and got fat off this mess in the first place.  There is dirt on all their hands and yet we want to make it easier to get away with it?  Ok,  whatever but here is a reminder….

There have been many cases is history where a man -almost unknown till then- comes to power at a time where a country feels like it needs somewhere to turn and is willing to jump on the bandwagon of any Tom, Dick, or Obama (oopps…it slipped out) and that turns into a period in history where the worst events have happend.   (Think Adolph and MANY MANY others).

Crisis is NOT generally the friend of liberty.  Let’s hope it doesn’t turn out that way this time.