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Say no to the golden handout, Washington

October 1, 2008

I’m getting nervous here. The brain-iacs in Washington are still trying to increase U.S. taxpayer debt by $700 billion. Yes, billion with a B!!

If that doesn’t scare you, I don’t know what will. In at least the past 20 years this country has had its economic ups and downs. So it occurs to me that through recent history if our government couldn’t control the thieves who run corporations into the ground, how can we believe government can get it right this time!

We can’t believe them and we shouldn’t! It would be far better if our elected officials kept their mouths shut this week, let the market do what the market needs to do. Focus on putting in place stringent laws that prevent any more corporations from such gross mismanagement.

There’s an old adage: if it sounds too good to be true, it probably is. Most of us know from personal experience that proves to be true.

It is proving to be true now for all those lenders and corporations who thought they could bend the rules to facilitate increased revenues and bigger bonuses for the execs…and never get caught! Ever heard of Ying and Yang? Cause and effect? Action, reaction?

I believe the $700 billion payout has a “too good to be true” feel to it as well. It gives me a stomachache when I think about it, and from my experience, I know that stomachache is my instinct – which is usually right – telling me something is no good.

We need a paradigm shift in the U.S. economy. People need to stop looking for the quick buck. Homebuilders need to stop building brand new homes that people can’t afford, and instead pursue a new business line rehabbing pre-existing homes. Not mansions – homes! That first-time homebuyers and working class families can afford.

Creditors must stop giving money to bad risks. Thankfully it sounds like the skid brakes have come on this week in that regard. Each American citizen has to take responsibility and establish good credit. It takes work, discipline and denial. None of which 21st century Americans are fond of!

Take ownership for yourself, average American. Take responsibility for your mistakes and thievery, corporate executive. Stop the scare tactics elected officials, and take time to create a permanent fix, not a band-aid.

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