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January 29, 2009

"I want mine."

"I want mine."

Looks like President Obama's 'economic salvation' package of some $800 billion and change is going to be approved by both House and Senate.

Not long after Bush and his Band of Brothers dropped $750 billion on the banks without telling them: 1) they had to use it to make l-o-a-n-s; and 2) no, it would not be allright to use the federal dollars for the banks' "performance" bonuses to top management.

But, most of us are already lining up to get our piece of the new pie.

The government has announced new restrictions on direct lobbying for the money. That won't work. For long.

Congressman Mark Schauer is surely getting a deluge of project ideas; and his phone ringing off the wall or desk.

After all, if we're gonna give out cash like drunken sailors payin their bar bill, why not some for me?

Why Benton Harbor and not Battle Creek?

Be fair. Be square.

Gimmme mine.

We got ourselves into this financial mess over the past 20 or so years. It was all of us; and none of us. Banks. Wall Street. Real Estate people.  Consumers. All of us living beyond our means or with no means....and thinking the piper would never call.

And while it's not a popular view, or grounded in the reality of the moment, the 'economic salvation' or bailout is a terrible idea...at least as I read and try to understand the problem.

The real problem is no one understands the financial problem, or has much of an idea about a solution.

If you know anything about 12-step recovery programs (yes, dopers and druggers), one of the first steps toward sustained recovery is taking personal inventory and responsibility for one's actions.

I've come to believe in that...the hard way.

What we need not do is spend more money we don't have; lets suck it in and suck it up, individually and collectively, and reorient, recreate our lives and reorder our civic priorities in the United States.

About as much chance as me fitting in my '68 Navy uniform again.

My concern is not so much a personal one. I'll probably get by; eat at least a meal or 2 a day; likely have a roof over my head somewhere and somehow until I die.

But I worry about our children and grandchildren....and the baggage and the nation we leave for them.

It's all about money; and nothing about money.

Scarey as h*ll for most of us. Isn't it?

Here's an interesting perspective:
http://www.cato-at-liberty.org/2009/01/12/making-work-destroying-wealth

 

 

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