The Two Tragedies of Life
It's been said for centuries that there are two tragedies to life. The first is when you don't get what you want and the second is when you do get what you want. How many husbands or wives would say AMEN? But, let's not get pesonal now. Let's discuss the $700 BILLION DOLLAR BAILOUT! Somewhere I think of of the mistakes to getting the bill passed was in the name BAILOUT!
Sometimes the NAME we give something makes all the difference in the world.
Pro-CHOICE was a good choice! In America we all want to have the right to choose; however, we don't want to have to BAILOUT someone especially when those at the top are making millions of dollars as a result. I believe the bill would have already passed had it been called the RESCUE! I am personally against the bailout or the rescue.
And I applaud those Congressmen and women who had the courage of their convictions to say NO MAS!
Everything we can do to slow the movement towards socialism, I am for; however, when saying that, I am for compassionate capitalism and not what we've been witnessing. I sure don't want Henry Paulson who has done a terrible job at the treasury given another chance to even control our credit markets any further. Enough!
In his Communist Manifesto, (1848), Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the "centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." Maybe we should get some advice on how to do this from Hugo Chavez.
The Dow gained back 485 points Tuesday after losing 778 on Monday. Now that's capitalism and a market not beneficial to the little guy. My advice is to stay OUT of the market, conserve cash, back off of spending, and change your ideas about this Christmas spending because pass or not (and the bill will), it's going to be a long hard winter.
We're damned if we do, and damned if we don't.
Two tragedies of life in one bailout bill! :-(
Related Tags: dow, socialism, karl marx, hugo chavez, bailout, $700 billion bailout, two tragedies of life, centralization of credit in the banks of the state
As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.
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