Kill The Bill

I have no belief that the Congress of these United States will do the right thing and just sit back and do nothing, effectively killing the bailout bill. But I can hope. As that great socialist in the sky once said "We have nothing to fear, but fear itself." Well, ole FDR created lots of "bailouts" including Social Security (which I'm elegible for but not taking - at least not yet while I can still work) and the result was the depression lasted until December 7, 1941. You see, all that federal medling prolonged the depression.

As Newt Gingrich implied, the president has lost his mind, which to most of us conservatives isn't all that much news anyway

In Sunday's National Review online, Gingrich writes: "Congress was designed by
the Founding Fathers to move slowly, precisely to avoid the sudden panic of a
one-week solution that becomes a 20-year mess."

And that is precisely the issue, do we let the market forces of capitalism work or do we jump in and make sure that our children and grandchildren and maybe great grandchildren foot the bill for our foolishness because I think Gingrich is wrong on the "20-year mess," 80 to 100 years will be much more like it.

Look, I have a friend that went bankrupt because he wasn't minding the store like he should have been, he lost a lot of money, decades worth of work and still owes Uncle Sam ten's of thousands of bucks in back taxes. He's paying that off, one month at a time and has paid over half of it. But he damn sure doesn't ask for a bailout, he accepts full responsibility for the loss. That's the way it is supposed to work people!

Don't get me wrong, there are lots of people guilty for this mess we're in, and the Democrats are first to be in line, but Republicans aren't guiltless either and there are an awful lot of folk who got rich while ginning up this FUBAR mess. Some of them ought to go to jail methinks, expecially some of those congress critters who got hundreds of thousands in "contributions" (read bribes) from folks like Fannie May and Freddie Mac and other snakes just like them.

I will give Bush credit for this, he saw the mess a-brewin' at Fannie May and Freddie Mac long before others did and the Democrats blocked it because they wanted to look good to poor folk for being able to live in a champaigne house on a beer budget if you will excuse the mixed metaphore. But now those houses are being foreclosed on because the poor suckers really couldn't afford them, couldn't afford to live in them and just stopped payment.

So, lets recap: Not paying attention to good market practice got us into this mess, and overlooking good market practice in favor of borrowing from Mary, Sam, John, George, Bill, Esther, Fred, Glenn and Peter to pay off Paul won't get us out of it.

At least thats how I see it on this side of the Pecos River!