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Economy

I opposed the bailout from the beginning, in spite of what was said about what it would do. Looking back, I believe I was right. Nothing has changed since it was signed into law except the Treasury Department has new powers; powers it shouldn’t have.

Companies are lining up to get their share of the bailout fund and the treasury will likely call for more funds. None of these funds are going to be put into the hands of consumers. Instead they will be used to prop up failing businesses which are failing for various reasons. This is not capitalism. Sorry, but, it isn’t.

People are human and have some fault or another. Greed is one of those. Covetousness and envy are two others. Others are wrath, sloth, pride, and gluttony. Any one of these can lead to actions that are not good for the person or the people in his environment. When I hear talk about redistributing the wealth I get a picture in my mind of people who have worked for a wage, used those wages to buy goods or services, and now want their wages back because the people who received them are too rich.

In the real world it doesn’t happen quite that way. The government does it for you under the guise of giving back to the people who aren’t rich. The problem with that is the government plays the “middle man.” Anybody who knows anything about manufacturing, goods and services, knows the middle man has his cut, too. Bulk wholesale prices are far below the retail price, so when you buy those goods and services you’re paying for a lot of jobs on the way back to the manufacturer who initially offered the goods. So, the government becomes the middle man for redistributing what others created; in this instance wealth.

As the richer sectors of America are required to redistribute their wealth via the government, the government is the only one growing richer. Its cut of the wealth comes first. Unfortunately, they’re the greediest of all. The more they have, the more they want. What gets spent down is often the tiniest percentage of that wealth actually in the hands of the people for whom it was garnered in the first place. Rather than trickle down prosperity, we have trickle down poverty.

There is no longer any incentive for the rich to keep creating wealth as it is confiscated by the government. If they’re not creeating wealth, they’re also not offering jobs and expanding the tools by which they create that wealth. The rich become less rich as result, not just from higher taxation, but from the lack of wealth creation. It can be taxed only once… at least until they die and then it will be taxed again.

People are still losing jobs left and right. The government still plans morehardship adding to the economic woes and expects everyone to look to it for the answers. It’s funny how we’re supposed to look to a body of people, most of whom have never created any wealth at all, except for themselves, for the answers to prosperity.

My, how time flies when you’re not having fun. As I’ve said before I used to be one of the silent majority and I find some things about elections and election cycles distinctly unpleasant. I feel guilty that I haven’t blogged anything here in so long so here are some random thoughts from the last two weeks.

If the polls aren’t being skewed why do they all oversample Democrats and Independents over Republicans? In most cases the sampling data shows a 3-6% larger sample of Democrats versus Republicans. I suppose most people don’t bother to look at the sampling data or bother to look at individual polls for that matter.

The Palin/Troopergate story. I haven’t read the enormous 236 page document yet but reports are that Palin did nothing wrong except not tell her husband not to do something about it. If the trooper in question weren’t related by marriage would this issue have even come up? We all have family members we’d just as soon we didn’t have but isn’t it ironic that Palin is being villified while a bad trooper still has his job in spite of the bad things he has done? There’s no question he tasered his stepson. There’s no question he was drinking in his patrol car. There’s no question he shot a moose out of season. And apparently no question he abused his wife. The fact that his wife and stepson are directly related to the governor of the state carries more weight than getting a bad cop off the force. Gotta love politics sometimes.

If Obama is the TheOne we’ve been waiting for, why do his supporters feel the need to do this? Secret Service visits Lufkin woman after ‘death threat’ allegation from an Obama campaign volunteer. Or this:
Pair arrested after large McCain sign torched in Sellwood yard. Not to mention the rampant voter fraud being committed by ACORN on Obama’s behalf. Perhaps, they’re doing these things because they’ve been promised a seat at the table. Or is it because Obama is the one we’ve been waiting for? Yet, the fellow remains an unknown, in substance and deed.

McCain has a problem. It’s plain to see. On the one hand, he doesn’t want to sully his own honor. On the other, he risks losing an election that is country changing in radically extreme ways. He wants us to respect Obama but there’s a problem with that for a majority of Americans. We see Obama’s strong-arm tactics and his connections to people who hate this country (see above paragraph) and find no respect in our hearts. Nor does Obama give respect but mocks and threatens anyone who opposes him. The mocking of McCain’s age, war injuries, and other attributes is about as low as it can get. In some ways it’s tantamount to mocking the physically challenged who are often among the poorest of us on the socioeconomic ladder. But then, there’s the thought that Obama is not so computer literate, either. All in all this election is a crap shoot.

And to think, I haven’t even begun to cover what I think of the economy and the subsequent nationalization of it. Isn’t it ironic that it didn’t help a thing? But the good news is, once done it will never be undone. Or is that the bad news? I suppose it depends on which side you’re on. Myself, I can’t imagine a worse group in charge of the nation’s wealth.

The reason for such long breaks between postings here is I get caught up in the dialogues and lose track of time. My sincere apologies.

December 2019
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