Wednesday, September 24, 2008

Hypocrisy at its best..

I posted in an earlier post about how the government likes to intervene into the market. Obviously, this time the government is debating whether or not to intervene to bailout all the bad businesses that created financial havoc throughout the financial world. The pundits are painting this picture about how if our government does not get involved we could possible see something worse than the great depression. They are saying company's possibly could not pay their employees wages, our government's tax base will decrease and along with that decreased tax revenues. I guess to put it simply financial Armageddon that could pretty much doom life for all of us. Well, I am not sure about you but I believe we should all not be too worried about what could turn of things since a free market should operate freely. If the government keeps planning our economy would that not mean we are indeed socialist economy. I mean I am not against such a thing since it would eliminate all the greedy elements from our society if done properly.

It is funny the same people on Wall Street would be the type to sit there and tell a person on welfare how much a waste of life they are. However, if you compare the welfare person and the Wall Street person (pro-bail out) you'd determine they both in essence are asking for a handout. If you compare the two people even further you could come to the conclusion that the Wall Streeter who caused this is worse than the Welfare type because the Wall Streeter actually ruined the entire world economy. If you think about it the Welfare type are not even a blip on the radar screen. It seems the world glorifies the so called hard worker on Wall Street as a great success to humanity.

Honestly, we should never allow this bail out to go through. If the government votes in favor of bailing these companies out it just promotes bad behavior in the business world. I say let the market run free like it should and in the end the bad businesses will fail and die. We can't keep propping up bad businesses since that is unnatural to a free market. Not only that it is purely bad idea. Our government, our businesses, and our people caused this issue we should suffer the consequences. In the real world we have to suffer the consequences from our actions and seems to reason we need to get our act together since this is a world economy we have to interact in.

So ...NO TO THE BAILOUT!

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