Posts tagged ‘ecomony’

Out of touch – aren’t we. . .

Like I said yesterday, out of touch with that middle class that you are out to “help”

Thanks Michelle for really showing us you are willing to give up your pie for the rest of us. And frankly I would prefer you to share your pie cause you have a whole lot to share, more than most of us. In fact you are part of that top percent who should be giving a whole lot more than you do. AND mandating giving anymore to help people who are not already trying to help themselves just grates on my last nerve.

Yes, I know there are people who legitimately need assistance. I am NOT referring to them. But we all know there are people who abuse the system. These are the people that make me mad. And we let them. And now we are going to have to take the money we work very hard to have to pay our own bills and give it to people who feel like we owe it to them.

News flash.

No one owes you anything. Having your life paid for by the government is not a right. Personally I think there should be a massive overhaul of the welfare system to encourage capable individuals to have to go back to work. That would help the employment rate.

When did having your bills paid, health care, free food, college education, etc. become a right. Most of those things are privileges. Our ancestors would never have dreamed that today we would just expect to have these things without having to work for them. Our grandparents generations were some of the hardest working, most sacrificing people there have been. We have lost some of that and now our society feels that we should have more. More and more and more. We live in excess.

And the American Dream, guess what – we are all living it.

Being a millionaire is not the American Dream, it might be a dream but not the intent of what we call the “American Dream”. Our country is wealthy. The whole thing. Look at countries overseas and you will see that they do not differentiate between Bill Gates and an office worker. They see an American and think of a wealthy country. So while you might not see yourself as rich, know that you are. Get a grip on reality and understand that you are living a dream. And even if it is not your dream there are lots of people who would give anything to be in your shoes.

So please leave my “pie” alone. If you really want to see the economy grow encourage people to work hard. Taking their money for doing that is not going to make it better.

Check out this post too. Pretty funny. Top 10 things Obama knows.

October 21, 2008 at 11:03 pm 5 comments

Economic Crisis – To Bail Out or Not

There is no doubt that the economy is in trouble. Is it possible to place the blame on one person for this. No. No way. President Bush is a veritable punching bag for anything that goes wrong. The things that people blame the presidency for currently are astounding. They are topics that have never been the presidents responsibility solely. He did not “allow” the sub-prime market to do anything. Investors, lenders, and home buyers did. There is plenty of blame to go around. Sure it is more convenient to blame Bush, but it is wrong. It serves all kinds of purposes to accuse one man of all of our problems. Bush has been blamed for everything from global warming, weather patterns, to this current mortgage situation. Really. One man. The strength and grace it must takes to bear the weight of everything. Amazing. I doubt many of us could shoulder such responsibility and yet still push forward for the better of all Americans.

I digress, this article – “Who is to blame for the sub-prime crisis?” – gives some insight into the current sub-prime crisis which in turn has spilled over to create our current financial crisis. Clearly there is plenty of blame to go around. But does it really matter at this precise moment, who caused the situation. NO. We just need to come up with a strategic plan to resolve it.

I don’t personally believe that McCain is simply pulling a media stunt. Do I think it was a little dramatic? Possibly. But I also think that Obama’s statement that presidential politics should not be brought in is ridiculous as well. Last time I checked both of these guys were still acting representatives of states. They never stepped down from their positions when they began their campaigns. So, in essence by returning to Washington and making the situation a priority they are just doing their current job. There is plenty of partisan commentary to say this group or that group is keeping the plan from going through. Each group is sure that they other is at fault. Unless you were in the room you are believing here-say and biased views. Even in a printed transcript you would lose the intonation and verbal context in which things were spoken. So I choose to believe that they are all being difficult and trying to make what they believe in best work.

Frankly as much as I dislike the idea of a $700 billion bailout, I do think it is interesting. The fact that money could possibly be made off this deal in the long run is very intriguing. The problem is the growing of government and the precedent it sets for government to step in and take over more and more over time.

Consider this interesting proposition by financial guru, Dave Ramsey - He suggests doing the following:

Call your Congressman. Call your Senator. Tell them to change the mark-to-market accounting law and to extend insurance but extend no loans. If they extend loans – if they borrow the money on the national debt in order for us to all go into the mortgage business a trillion dollars – you’re going to fire their butts and send them home.

I did email all my representatives suggesting the plan. Take action and email yours too.

It makes sense and it could be interesting. What is your take? Let’s pray they resolve it fast. (and yes i pray)

September 26, 2008 at 4:51 pm 4 comments


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