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Last Updated: Nov 14, 2008 - 12:49:26 PM |
Now we’re in the insurance business. The federal government purchased 79.9% of AIG for 85 billion dollars. Another day, another bail-out; here a billion, there a billion, and soon you’re talking about real money. As disturbing as these serial bail-outs are becoming, it might be enlightening to ask ourselves, who is getting bailed out? We’ve heard for months about the housing crash, the unprecedented level of defaults and foreclosures. So I guess all these billions that will be painlessly extracted from you, me, and our great-great-great-grandchildren have made all the poor people who were entrapped by the predatory lenders into buying a $750,000 dollar house when they worked at Quiki-Mart. Some of these unfortunates will have their loan amounts adjusted down, some will have their interest rates adjusted down, and some will have a moratorium on being foreclosed on even though they aren’t making the required payments. The rest of us milk-cow sources of revenue once considered free people who worked hard and bought things we could afford and paid our bills can foot the bill. Am I the only one who’s out of step, or do you find it funny that this kind of re-distributionist garbage is supposed to sound fair right or even legal in today’s land of the free, etc., etc.?
Who gets the blame for all this failure that’s prompting a radical nationalization of the economy? Capitalism, that’s who. Poor old misunderstood capitalism. We should have guessed as much when even in our age of hyper-political-correctness and we call the overweight gravity-challenged, you can enter almost any public school in the country and find poor old capitalism called every bad name imaginable: greedy, grasping, heartless. It isn’t capitalism that’s to blame; it is the semi-socialist baggage our economically-challenged elected representatives have used to prop up losing ventures and reward poor choices by politically-connected bandits who led companies into disaster, but instead of reaping the failure that capitalism says should be their lot, they receive golden parachutes and continued use of corporate jets.
Just look at our old pals Freddie and Fannie, the former politicos who’ve run government-guaranteed businesses into the ground while giving vast amounts of money to the reformers. Nobama received more money than anyone from Fannie and Freddie except the chairman of the committee who oversaw their operations, Chris Dodd; then again there’s always McSame. That maybe what we call change we can believe in, but that isn’t capitalism. That’s cronyism. And here I thought cronyism ended when the Machine lost power in Chicago. Wait a minute, they didn’t lose power in Chicago. Richard the Second is preparing to pull off a coup his sainted father only dreamed of; he’s about to get one of his Community Organizers in the Oval Office. I know it’s all capitalism’s fault. That’s why we need Tony Soprano and the boys to clean everything up.
Now that the federal government has taken over the majority of the finance industry and the insurance industry, maybe we need an auto industry and an airline industry. With those two gas guzzlers, I guess we might as well pick up an oil industry. Anyone up for some refineries? Sounds like a shopping trip to Bill Gates’s version of Wal-Mart, and it’s ever so much fun just charge it to the kids and buy some more red tape and we’re all ready to go. By the way, as long as we’re at it, might as well round out our purchases with the world’s best medical system.
If we’re going to continue to privatize profit and socialize risk, all we’ll end up with is socialism in a capitalistic sock puppet, just as these two major parties, which are just two heads on the same bird of prey, have given us a perpetual re-election machine dressed up as democracy. Hey, wait a minute, this does all make sense! Since government guarantees, cronyism, and bail-outs are the cause for the meltdown, the socialistic BIG state answer MUST be more of the same.
What about the one-more-thread-just-might-do-it business? Remember Gulliver? He could have broken any one of the Lilliputians’ threads, but enough of them held him down. Today the insurance industry, tomorrow who knows what? Just one more thread may just do it.
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