Brains Not Included

Cracked Up, Whacked Out and Completely Out of Control

No More Blank Checks!

bush-obamaIn about 60 days from now our new president will be sworn in.  He will have a challenge like none seen since Reagan entered the Whitehouse after defeating Jimmy Carter.

Don’t believe the pundits, this is NOT the worst condition our economy has been in since the great depression.  However, it is the worst economic environment we’ve seen since those awful Carter years.

The challenges facing our new president are daunting and they are not being made any better by the bungling mismanagement of the crisis by the current Secretary of the Treasury.  His most recent comment that the rest of the bail out money would not be used to purchase failing loans and the TARP should be expanded to cover ‘other’ industry is more evidence that the idiots that got us into this mess have no clue about how to get us out!

Now we’re talking about bailing out the Auto industry, and bailing out certain cities around the US and maybe even California.  Here’s an idea, let’s let the tired old industries of the past fail and let mismanaged cities layoff some employees that they’ve hired in their socialist style ‘make work’ programs.  Let’s set conditions for the way tax payer money is used in these bailouts.

No more blank checks!  I was appalled to learn that the initial funding to banks of the bailout money is being used to fund the acquisition of other smaller institutions, thereby creating greater market share for some of these institutions.  It’s NOT being used to lend and get the credit markets moving again.

Other banks are hording the cash!  As it turns out, there were no specific guidelines for ‘use’ of the funds.  The only guidelines that were set were rulels limiting executive pay.  That’s right, punish the evil rich!  Those dirty bastards!  Right? 

Wrong!  Political bias and hatred is now in the way of doing what’s right for the people.  McCain’s mantra, Country First, should not have had to be a campaign slogan.  It should be the way ALL of our politicians pursue public service.

The problem is that it’s not the way they pursue public service.  For instance, Unions have tons of cash to contribute to campaigns.  So, in an effort to garner their support and money some are proposing that an Auto Czar be appointed.  What?  That’s right, an Auto Czar to oversee the ‘direction’ of the auto industry in our country.

Now do you think that the tax dollars, mine and your hard earned money, taken from us by the governement and given to auto companies will be used to force these companies to come out with more advanced and efficient cars? 

The answer is probably not.  More advanced technology like Hydrogen Fuel Cells and electric cars would mean a need for more advanced factories.  More advanced factories means a need for highly skilled labor and greater automation that would leave unskilled workers on the sideline.  Do you think the Unions would stand by and let that happen?  Probably not.

So what is the answer?  I’m not sure, but I know this one thing …. A blank check is not the way to go!

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One Response

  1. I’ve been reading along for a while now. I just wanted to drop you a comment to say keep up the good work.

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