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Showing posts from November 27, 2008

A Thanksgiving THANKS (for bankruptcy)

I am an optimist at heart. Senator McCain was ridiculed during the campaign for saying the fundamentals of our economy are strong (there is another post a ways back about that, so read it if you care). They are. When allowed to function, the free market economy is the best system devised. Are there inequalities? - Yes. Are there people that will go broke? - Yes. But, if left to be truly free, there will be a much larger number of people that accumulate more wealth. Our problem now is we are being led into a disastrous economic situation by people that think the down times and the "losers" in a capitalistic system can be turned around and/or saved. That is insanity. There can be no good without bad. There can be no winner without losers. To appreciate the light, one must experience darkness. The "feel-good" notion that we can bail out all the downtrodden and speculators that lost, is not only wrong - it is suicidal to our economy. Here is a blog by a business repo