I read this article about the Freddie and Fannie buyout in hopes of finding out more about it. What's it going to cost? Who's it going to cost? What are Freddie and Fannie?
Unfortunately, the article focuses mainly on how current shareholders will be affected. Nevermind that it is ALL U.S. taxpayers that are now going to be responsible for the bailout. Considering I had never heard of Freddie Mac or Fannie Mae before this huge fiasco earlier this year tells me that I'm either way outside the loop when it comes to our economy, or these companies were traded by elitists who should have to deal with their own messes.
Even though the former is true, I still lean towards the latter. I'm going to ask the same question every blue-collar to middle class American has/is/will be asking: WHY ARE WE RESPONSIBLE FOR OTHER PEOPLE'S MISTAKES?
I've said it before, but maybe it isn't actually true: America is a capitalist country. People use money in their business ventures. Good ideas pay out; bad ideas fail. Nowhere in that formula does it say that bad ideas that fail should then be bailed out by rubes, aka taxpayers.
I really wish the atheistic viewpoint could be applied to the real world, and not just their little fantasy world:
I don't believe Freddie and Fannie are a problem; therefore they aren't.
I don't believe the Iraq War is as bad as people say; therefore it isn't.
I don't believe school will start on Monday; therefore: 3 day weekend!
It sure would be nice to live a life as delusional as an atheist's.
Same great taste, without the silly sense of entitlement.
Showing posts with label horrible plans for our future. Show all posts
Showing posts with label horrible plans for our future. Show all posts
Sunday, August 24, 2008
Wednesday, August 6, 2008
Vote Socialist in 2008
All the plans proposed by the presidential candidates and Congress this year are anything but capitalistic, which is what kind of nation we are supposed to be.
Obama's health care plan? He wants the corporations to pay for health care for all U.S. citizens, regardless of whether they work for any of these companies or even work at all.
McCain's gas tax holiday? He wants to give remove the federal taxes from gasoline sales for about 2 months and let the savings be passed to the people, even though those taxes pay for the upkeep of highways and other road-related expenses.
Why is Congress pushing for just hydrogen fuel cells, or just corn ethanol, or just offshore drilling? Let the free market decide which method works best, whether it be wind power (c/o T. Boone Pickens et al), increased drilling, or--God forbid--nuclear power.
The government can still impose its safety laws on all of these potential energy sources, but it doesn't make any sense for them to decide which is the best for America. Here's what's best for America: OUR IMAGE.
Since the weight of U.S. currency is based off the faith in the U.S. government and nation in general, it is important we show to the world that we are still the leaders in western capitalism and democracy. Even the Chinese, perhaps the world's most Communist country now, are buying up huge amounts of American companies, and have loaned the U.S. government billions of dollars. It could be because they want a large slice of the pie when our country reaches its inevitable self-destruction. More likely is that they realize the U.S. is the home of the best market, because it is still capitalist.
People, ignore what your parents tried to instill in you growing up: Image is everything.
Obama's health care plan? He wants the corporations to pay for health care for all U.S. citizens, regardless of whether they work for any of these companies or even work at all.
McCain's gas tax holiday? He wants to give remove the federal taxes from gasoline sales for about 2 months and let the savings be passed to the people, even though those taxes pay for the upkeep of highways and other road-related expenses.
Why is Congress pushing for just hydrogen fuel cells, or just corn ethanol, or just offshore drilling? Let the free market decide which method works best, whether it be wind power (c/o T. Boone Pickens et al), increased drilling, or--God forbid--nuclear power.
The government can still impose its safety laws on all of these potential energy sources, but it doesn't make any sense for them to decide which is the best for America. Here's what's best for America: OUR IMAGE.
Since the weight of U.S. currency is based off the faith in the U.S. government and nation in general, it is important we show to the world that we are still the leaders in western capitalism and democracy. Even the Chinese, perhaps the world's most Communist country now, are buying up huge amounts of American companies, and have loaned the U.S. government billions of dollars. It could be because they want a large slice of the pie when our country reaches its inevitable self-destruction. More likely is that they realize the U.S. is the home of the best market, because it is still capitalist.
People, ignore what your parents tried to instill in you growing up: Image is everything.
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