The Stout Republican

Great, but really long.

Move to about 40 minutes in for the good parts.

Economy

Economy

It’s awesome. Nothing makes me happier than public ineptitude. Seriously…nothing. I laugh at people, not with them.

Faux News!!! Making up history to defend the Greed of the Greedy.

*Cough cough*

Economy

People forget what the government’s role is, and love to distort that in the name of the people. The whole purpose of this “bailout” isn’t to help the free market, it’s to establish a more powerful federal government. What’s the catch phrase of the hour? “Never waste a good crisis.” Reasonable people have actually tried to argue that if it was my job on the line, it would change everything, so you have to think about the little guy, the collective, the community. Well, no…I have to worry about me…you worry about you.

I think some people have fallen to the fear-mongering (to use a word I hate so much), and really believe that without big government printing and distributing money to businesses that aren’t sensible enough to survive in the free market, our whole system would crash. These are the people who voted for and believe that Joe Biden et al are equipped to solve the financial problems that the United States success stories are not. I can’t wrap my mind around the logic? We need to take money from those who have used their wit and wisdom to earn it, and then give that money to the businesses who didn’t survive on wit and wisdom. “If you worked for that company,” some still say, “wouldn’t you want that money?” Isn’t that giving the power to the wrong side? I haven’t put that price on my own head yet, the price at which I bail out on my free market convictions all just so I don’t have to worry about what may or may not happen. I like worrying about it…it means it’s something that I am in control of…me not worrying means it’s been gobbled up by big government who thinks i have neither the right, nor the mental fortitude to walk my own road.

Do I believe that something needs to be done? Of course. I think we need to cut government programs, cut government spending, divest government interests in the free market, cut corporate tax rates, cut personal tax rates, and let the money stay in the hands of the people who earn it.

Here’s part one of six with a hat tip to Hotair.

Economy

From Bloomberg, Kevin Hassett

March 9 (Bloomberg) — Back in the 1960s, Lyndon Johnson gave us the War on Poverty. In the 1970s, Richard Nixon launched the War on Drugs. Now that we have seen President Barack Obama’s first-year legislative agenda, we know what kind of a war he intends to wage.

It is no wonder that markets are imploding around us. Obama is giving us the War on Business.

Yep. Under normal circumstance there would be a 2 to 4 year rule, the idea being that it takes a few years for the social and economic policies of the current President to be enacted due to the “speediness”, *cough*, of the legislative process. However, in the case of the stock market, and business growth, this doesn’t necessarily hold. Business is forward-looking…what will we have tomorrow, what’s going to change next month, what’s the outlook a year from now all are reflected in the stock price.

The market has seen all of the above, and they don’t like it. The markets sees higher taxes, stricter regulations, carbon tax, and socialization, none of which help job growth…why hire people when you’re going to need that extra money to comply with our Great Leader?

The market finds a way, as long as those ways are available…and government doesn’t necessarily open up new avenues for business…government has done nothing in the last month but cost us billions of dollars in sunken tax money into pork, and non-viable corporate bailouts. It’s now my duty to distribute copies of Atlas Shrugged. Some people say tea party? I say it’s time those of us who carry the world…to start shrugging.

Thanks Obama.

Economy

So now what do we do?

While it’s fun to blame, and there’s plenty of it to go around, how do we get out of this? Where’s the bottom? Why are we giving money to the people who were a major part of this? What makes auto more deserving?

Lots of problems Obama has to deal with, with very long term implications…and there’s more questions than answers…

Time to save money, budget, work harder and smarter. I’m worried…and I’m usually the optimist.

Economy

Finally, Republicans do it right.

Great music, what can only be described as the end scene background score for a Japanese RPG made circa 2000. Go NRCC!

Democrats, Economy

Apparently, according to HA, Pelosi is what blew this. Blame where Blame is due. “We could have been there, had it not been for this partisan speech that the speaker gave…caused a number of members that we thought we could get to go south.”

UPDATE:

Karl Rove is pissed, and calls out Obama for not being a leader in this. If you like him, it’s because he knows what he’s talking about. If you hate him, it’s because he knows what he’s talking about.

Economy

H/T: Jawa

Note that McCain and the GOP and Alan Greenspan and Bush were all warning of this in 2001, 2003, 2005 and 2006. Legislation for reform and oversight of Fannie-Freddie was proposed and was blocked every time – on party line votes – by the Democrats. Ignoring it won’t change it, O!bots.

Economy

Not sure what the impact of doing or not doing the bailout would be. I suspect it would have little finacial effect on myself one way or the other, I don’t fit any of the demographics to benefit from a bailout, just pay for it. I get to think about what is best for the country and the world. Without getting too anarchistic I think it would do the financial sector to eat a little humble pie on this one. We allowed way too much money to be made for too little investment or commitment. We all got greedy, expecting way too much, way too soon, with way too little effort and certainly way too little to show for it.

Cauterize the self inflicted wounds and learn from it. Expect more from our leaders (private and public sector) and if they do not meet our needs penalize, don’t reward them. That does not mean government regulation that means work on our part to invest our money and vote in leaders that are concerned with the bottom line and NOT wishful greedy thinking.

Financial sector bailout? Let them eat cake! You made trillions on us, now feel our pain and lose trillions with us.

Lan astalem,

GoingThere

Careless, Economy