3 Reasons to Celebrate
1.) I got the trim for the bedrooms cut & installed last night.
2.) The bail-out fell apart. I’ve been writing my congressman & senators. You should too.
3.) The FDIC & regulatory controls put in place to keep banks solvent is working fine on it’s own. See Washington Mutual.
And here starts the rambling rant. I am SO ticked off.
There’s no need to bail these bastards out (or bail out the irresponsible morons who live in constant debt and outspend their means) with public funds. Wake up, retards. You actually have to work and save money if you don’t want to end up screwed over and poor. Don’t expect my responsible, financially solvent (at least for now) hind-end to approve of the government stealing money from those of us who aren’t morons to dull the pain of those who are. You reap what you sow.
Don’t get me wrong, if the banks call our loans (mortgage & student) we’re screwed too. At least since we’re making our payments (and more than the minimums) we’re in a strong position to negotiate with the banks should the worst case come.
As for this bail-out plan, I celebrate it’s failure. I cheer at the collapse of unstable, insolvent businesses run by arrogant sleaze-bags. If we bail out these failed businesses, why not bail out every other business with a self-destructing or poorly thought-out and executed business plan? Why didn’t we bail out pets.com, flooz.com, etc.? BECAUSE THEY WEREN’T SOUND BUSINESSES.
Why don’t we just go ahead and nationalize all the banks? All the service industries? All the manufacturing? Then we won’t have insolvent businesses! Yeah, that’s a great freaking idea! Then we could do it like China!
Hey, you voting morons that think we’re just borrowing money to run our government from our own ‘future taxes’ and that we ‘owe it to ourselves’. Start Studying Economics. It’s been about a year since I started reading publications from college economics courses online, and learning how the banking really works in this global economy.
As freaked out as I got over fiat currency, my issue is not with it. My problem is with the assholes who understood the system, found a way to game it, and are now trying to get everyone else to bail them and their bad businesses out by selling our own future, our childrens future, and compounding the problem. These people realized that most of us don’t know how banks work, where money comes from, and sold many a bag full of lies about credit, mortgages, home values, etc. Their lies were based upon asset values driven up by inflation and the demand for those assets created by their lies. People began to look at houses the way they looked at stocks in the late 1920’s. They couldn’t go down! They’ll always go up! I can buy on credit (margin), and I’ll be able to cover the margin call by selling the investment later! What could -possibly- go wrong!?
Bailing out these jerks will only make it worse for those of us who weren’t stupid enough to play their confidence game, buy their magic snake-oil, and have a shred of common sense.
So who will it help? It’ll keep these jerks from paying the piper. At the expense of everyone else.
There’s no clean way out of this. Millions of us will get shafted in the process, bail-out or not. We all need to come to grips with that and accept it now. But for the love of God, we should not be looking to save the necks and stuffed pockets of the jackasses that fed people lies, and we shouldn’t bail out the sheep-people who were too ignorant or arrogant to think for themselves and took the bait.
I’m not above helping people out who need it and deserve it, but I’m not for pissing away billions of dollars we don’t have (how is taking out a big honkin’ loan to cover many smaller bad loans a good idea?) to pad the pockets of jackasses who’ve effectively duped millions. At that point, we’re going from a con-game of idiots to rape of the entire populous.
Update: I’m not just ranting here in public view. I’ve written and called my representatives to congress (both state senators and the house representative for my district). I’ve done everything I can, and so should you. If you think it’s a bad idea, tell your representatives how you feel. If you think I’m a retard and think the bail out is a good idea, then go ahead and tell your representatives that as well. I’ll just keep hoping that more people speak out against it than do for it, and that the representatives might actually, you know, represent the feelings of their actual constituents.