I am still completely and utterly agitated at the wall street and banking bailout. Do you not know that the our founding fathers revolted because of such acts from the government? That Jefferson wrote that God instituted human government and that it derives its “…just powers from the consent of the governed.” Something like 98% of the united states was against the bailout (probably there was a 2% margin of error) how then is the government said to be acting with consent of the governed? The worst thing is not that the government did this, but that we the people cried out for 10 mins, then grabbed a latte, went on about our day, and then hoped our normalcy wouldn’t be swayed–we let it happen.
And what about the justification from government officials? They claimed the average person could not understand the need for the bailout. Well, not only are people smart enough to know when something is amiss, consider vice president Biden’s explanation to a kid about the bailout, “We need to spend money so the country does not go bankrupt.” Are you kidding me? I wish I was there and I could ask Biden the question, “Hey, so I am struggling financially so I decided to follow your advice and spend money so I wouldn’t go bankrupt. However, as it turns out, reckless spending of money in no way prevents bankruptcy. If fact, it only hastens its arrival…explain!” People seem to think that a government is immune from normal rules of money management or even logic altogether. Are you kidding me? What makes a government so special that it doesn’t have to make sense? Was this not Orwell’s very thesis of the oppressive government in “1984”? In this book the government attempted to get people to believe that 2 + 2 = 5. This was such a crucial goal for the government because it knew that if people truly believed that something that did not make sense was true then anything could follow—if people believe that 2 and 2 is 5 they are open slabs of clay for molding. America, the bailout is our governments version of 2 + 2 = 5! There is no aspect of reality that makes sense that failing private companies should be saved by taxpayers money. In order for capitalism to work and be profitable the companies need to fail. There is no doubt in my mind that an emerging company would buyout the failing one and things would continue. If you think I am jumping the gun, do a little research on the bailouts that occurred in Japan in the 90s. Find out how well that worked out.
Remember the great quotation from V for Vendetta, “People should not be afraid of their governments, governments should be afraid of the people.”
Part three will be presented tomorrow.