Banks, Bailouts, Bonuses, and Barfing

The Federal Government has been acting like a bad parent recently. How so? A bad parent tries to insulate their children from their mistakes. If their kid gets in trouble, the parent will bail them out, and often with no consequences. What does the kid learn?  — they can continue in the same behavior and get away with it again and again. Eventually they wind up hooked on drugs, in jail, or worse. The right thing to do is to let the child suffer the consequences when they mess up in little things, so they will learn a lesson, and hopefully not repeat the same mistake or move on to bigger ones. Read more…

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I hope it’s a stimulating Junket

About a year ago our president signed the American Recovery and Reinvestment Act of 2009, which encompassed 787 billion dollars in spending and tax cuts meant to stimulate the economy. Much of the money our government so generously doled out is supposed to put people to work. As Dr. Phil would say, “How’s that working for ya”. Let’s see now… a year later our country still has an unemployment rate in the 10% range, and if you take into account the underemployed, the rate is likely double that. Read more…