Wednesday, February 25, 2009

Politics = Frustration

We've all been entranced by the media (both left and right) lately about all of this "bailout" hullabaloo and quite frankly I've come to the conclusion that the average person is out of his/her freaking mind!! I had heard that the education system in this country had gone to shit in the last 10-15 years, but my god...people are really DUMB. It seems 80% of americans actually BELIEVE that Obama's "policies" will "save" our economy. To quote one article in the Times Union, "Obama said, 'and the cost to the tax payer will be almost nothing'". Now, if you read further in that article you'll see outlined a plan to spend over $75,000,000,000 (that's BILLION for those who have trouble counting that many zeros) to "rescue" the housing market. Ok, follow this closely: it doesn't cost the tax payer anything, but we're going to spend (spend means to disburse, to use up) $75 billion dollars....so this begs the question, who is going to pay for this?
The greatest part was yesterday Obama said that in the next 4 years he'll cut the deficit in half....HE JUST DOUBLED THE CURRENT DEFICIT AND IS STILL SPENDING MONEY! So, how does he plan to do this? Well, during the campaign he ran on the platform of tax cuts, tax relief and prosperity for all. So, in order to decrease the deficit we will have to pay back the money that has been borrowed (mostly from China. if that doesn't scare you blind then you're asleep at the wheel my friend), which means that we will not only have to decrease spending, which it seems Obama has no plans of doing anytime soon, and we will have to increase taxes to boost revenue to pay back moneys that were spent in the first 60 days of his freaking presidency!!! OH MY GOD WHAT THE HELL, PEOPLE!!!
I am not a finance major, hell, I'm not even that good with money. But even I can see that the math simply does not hold water here! $800 billion in new spending just in the first 30 days. That equates to over $1.2 Trilllion ($1,200,000,000,000) once you factor in interest to pay back the loan. What is going to happen when/if this "plan" doesn't work? Will Obama draft a new "stimulus" package to throw at the economy?
When is the government going to realize that the Free Market Economy is the closest thing we have in this world to a perfect economic system. I read a blog just this morning. A man was talking about the Savings and Loan Crisis in the early 80's during Reagan's first term (not his fault by the way). Did he put together a huge stimulus package to send every american that couldn't afford their mortgage a check to "reward" them for making poor choices? No, Hell NO, not a chance. And what happened? Well, there were lots of Americans that lost their homes and went on to RENT homes to keep a roof over their families heads (now enter the construction boom of the 1980s to build enough apartment complexes to choke a small galaxy). Now, I know what you're asking. What happened to all of those foreclosed houses? The banks took possession, of course. After a while the banks had a surplus of homes to get rid of, so the market said "hey, this is what they're worth. sell them." And they did. Hundreds of homes were sold at rock bottom prices and they were bought by people who were responsible enough to own a home.
Now, boys and girls, what was the outcome of the government keeping their nose out of this little disaster? Well, the economy, our wonderful free market, RIGHTED itself in a very short time (much shorter than what we're dealing with now). The government is not the answer. Obama will not pay your mortgage, he will not pay for your gas, he will not send you a check each month so you can live happily ever after. Someone has to pay for all this spending, and that is you, me, your children and your grandchildren.
These are serious times ladies and gentlemen. We are about to enter a time where the government will have more control and more say in your daily life than any time in American History. This is not a game anymore. It's time for everyone to start writing their congressmen/senators/mayor
s/city council and let them know that we want, NEED the government to step back and let our Free Market Economy do what it does best. Step up to the mic people! The government won't save you, but YOU can.