The $700 billion dollar band-aide
The past few weeks have bore witness to some of the most important events in World History. Most notably the U.S. economy being in what some say is the worst shape since the Great Depression, but also the nomination of Obama as the Dem Presidential Nominee. Oddly enough I find the economy to be the most interesting subject to me at the moment, and have spent several long hours thinking about this proposed "bail-out" more like "temporary patch-job."
From what I know of economy, which I admit extends to only that which I learned in intro to business and those things I have picked up along the way, a Capitalist economy such as ours is proud of the fact that government isn't involved in the economy other than to provide some regulation, but most of that is done by private regulating entities. When the government does get involved it evolves into socialism or even communism, or as we may yet see some crazy hybrid of socialism and free market capitalism. Regardless, the system, in theory, is supposedly capable of existing completely without interference from the outside. The supply and demand within the system will set prices, risks can be taken and somewhat managed, but eventually someone will overstep their bounds, fall and be taken over by a stronger company/entity behind them. Very much like natural selection meets the Riches.
The current issue is that the Government would like to patch up this mess that a few over zealous companies got themselves into. Bush wants to play doctor, perhaps because he wasn't good at playing president. Instead, Bush/Congress/Who ever else is involved, need to get the best economic minds together and figure out a solution to keep the building from crumbling, but not be afraid to knock down a wall or two if remodeling is necessary. Yes it displaces the occupants for a bit, but in the end we all have a beautiful bay window to stare out of.
I'm not concerned with Social Security, seeing as it won't be there for me any way. What I am concerned about is seeing our economy be taken over by the government, and the risk takers who not only lost, but got expelled from the game be taken care of instead of having to pay the natural consequences of their actions.
let me know if you agree or disagree, this is all quite interesting to me.
~mhb
From what I know of economy, which I admit extends to only that which I learned in intro to business and those things I have picked up along the way, a Capitalist economy such as ours is proud of the fact that government isn't involved in the economy other than to provide some regulation, but most of that is done by private regulating entities. When the government does get involved it evolves into socialism or even communism, or as we may yet see some crazy hybrid of socialism and free market capitalism. Regardless, the system, in theory, is supposedly capable of existing completely without interference from the outside. The supply and demand within the system will set prices, risks can be taken and somewhat managed, but eventually someone will overstep their bounds, fall and be taken over by a stronger company/entity behind them. Very much like natural selection meets the Riches.
The current issue is that the Government would like to patch up this mess that a few over zealous companies got themselves into. Bush wants to play doctor, perhaps because he wasn't good at playing president. Instead, Bush/Congress/Who ever else is involved, need to get the best economic minds together and figure out a solution to keep the building from crumbling, but not be afraid to knock down a wall or two if remodeling is necessary. Yes it displaces the occupants for a bit, but in the end we all have a beautiful bay window to stare out of.
I'm not concerned with Social Security, seeing as it won't be there for me any way. What I am concerned about is seeing our economy be taken over by the government, and the risk takers who not only lost, but got expelled from the game be taken care of instead of having to pay the natural consequences of their actions.
let me know if you agree or disagree, this is all quite interesting to me.
~mhb
posted by Hayne Begley at 11:28 PM
3 comments
