Tuesday, February 24, 2009

get your asses up!!!


I’ve described in detail that philosophically I don’t agree with bailouts, as a concept in normal situations I don’t believe that taxpayers should pay to prop up some big failing bank or car company. It’s Darwinism at its finest, if you can’t survive than die. But in this case I understand that letting some of these sorry animals die would undermine the entire economy but I do think is that we have to get away from the concept of either keeping them proped up for no reason other than the ‘too big to fail’. And what I’m most sick with it this concept we have going now where the taxpayers has to take all the risk while these big boy bankers, irresponsible homeowners and their crappy investors get all the benefit.


I realize that when a company fails it will hurt investors, shareholders and employees and quite frankly I’m ok with that, this is capitalism and when it doesn’t go well it sucks.
  • If you invest in a pizzeria and the pizzeria fails you should lose your money and I’m fine with that cause this is capitalism
  • I you work at the same pizzeria and you lose your job well that’s life and this is capitalism
  • But if your pizzeria fails but your pizzeria happens to be Dominos you are in luck because Barney Frank likes to eat Dominos and you will now get free pass.
Isn’t capitalism about taking personal risks and getting the benefit and the repercussions of how those risks play out?  There has to be some punishment that is swift, painful and long lasting

So I suggest that the tax payers play a huge game of steroidal asses up. We line up all the people who bought crappy houses they shouldn't have, all the bankers who made fortunes over the last few years hawking crappy investments that they shouldn’t have and all the car company people who built crappy cars they shouldn’t have.. Line them up against the wall but and let Randy Johnson peg them with fastballs at 98 miles per hour.

But unlike asses-up, they should line up facing forward.

1 comment:

Anonymous said...

You forgot to mention how tax payers have to pay for people (or at least one person) who decide to have 14 children and depend on student loans to support them! Its not just the companies that take advantage!