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Thursday, November 20, 2008

Opinion--Let Them Fail

Let Them Fail
by Matthew Hardy

www.opednews.com

America’s latest socialistic trend is that government will bailout failed businesses.

This is not exactly a new concept as government has been bailing out failed individual losers for nearly forty years: those who wouldn’t get an education and have no work skills; idiots who have children they cannot afford to raise; and those with every conceivable definition of being “disabled”.

The difference with this new class of failures is that they were once financial and industrial moguls, but through greed, corruption, inability to see future trends, and just plain bad management, have finally failed.


Why should we bailout Wall Street institutions.....Read more....

8 comments :

Anonymous said...

The author of this article should be our president! Great job, well spoken. People need to start facing the fact that what we had is gone and will never be again. The whole system ... the whole world, is changing because of these events. Consider it a big correction problems that we elected, and I say that because the two classes of people who benefit most from elected officials far out number us working class people. And yes I mean the rich and 90% of people on assistance. It's time to take the country back people. It will be rough for sure, but then again it was probably rough just before 1776 as well.

Rep.Chick said...

HOW LONG DO WE HAVE?

This is the most interesting thing I've read in a long time. The sad thing about it, you can see it coming.

I have always heard about this democracy countdown. It is interesting to see it in print. God help us, not that we deserve it.

About the time our original thirteen states adopted their new constitution in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years earlier:

'A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.'

'A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.'

'From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.'

'The average age of the world's greatest civilizations from the beginning of history, has been about 200 years'

'During those 200 years, those nations always progressed through the following sequence:


1. from bondage to spiritual faith;

2. from spiritual faith to great courage;

3. from courage to liberty;

4. from liberty to abundance;

5. from abundance to complacency;

6. from complacency to apathy;

7. from apathy to dependence;

8. from dependence back into bondage'

Professor Joseph Olson of Hemline University School of Law, St. Paul , Minnesota , points out some interesting facts concerning the 2000 Presidential election:

Number of States won by: Democrats: 19 Republicans: 29

Square miles of land won by: Democrats: 580,000 Republicans: 2,427,000

Population of counties won by: Democrats: 127 million Republicans: 143 million

Murder rate per 100,000 residents in counties won by: Democrats: 13.2 Republicans: 2.1

Professor Olson adds: 'In aggregate, the map of the territory Republican won was mostly the land owned by the taxpaying citizens of this great country. Democrat territory mostly encompassed those citizens living in government-owned tenements and living off various forms of government welfare...' Olson believes the United States is now somewhere between the 'complacency and apathy' phase of Professor Tyler's definition of democracy, with some forty percent of the nation's population already having reached the 'governmental dependency' phase.

If Congress grants amnesty and citizenship to twenty million criminal invaders called illegal's and they vote, then we can say goodbye to the USA in fewer than five years.


Apathy is the greatest danger to our freedom.

Anonymous said...

Well said everyone.

However, as much as I agree that we should not continue in this socialistic approach, it would be disastrous if our automakers go out of business.

Just think, every domestic dealership on every corner in America is out of business if this happens. Think of the jobs, and the resulting snowball effect on our economy.

While I disagree with handing out more money to these greedy individuals, something has to be done to protect our economy and national interest, WITHOUT socializing our country any further.

It's time to take back America. However, I do not see that happening anytime soon.

The majority of Americans are ignorant in the true matters of state, and only believe what the hear and see on msnbc and cnn.

This country is in for a rude awakening. God help us.

Anonymous said...

First, I believe that anyone who talks about socialism isn't very smart.

What the heck do you call


SOCIAL SECURITY?

And so what if it is?

Wasn't Jesus a socialist..didn't he believe in SHARING?

Now, the problem with NOT bailing out these huge corporations is simple...

More folks are out of work!

Want to see things get worse then throw more folks out of work..

As simple as that...

Rep.Chick said...

"As simple as that..."

I do not think so!

Social Security...I have paid it out of my wages for YEARS as well as my employer that has matched it along with medicare penny for penny for each and every pay check "I" have earned.

But guess what our great government has dipped into MY social security from MY taxes paid in and guess what?! It will not be there for me to draw...not at the amount that I paid in and should be able to draw!

Have you read your Social Security statement? Mine says that I will probable only be able to draw 75% of what I am entitled to based on my earings and the tax that was withheld and paid in.

Do not even go there with me with your preaching: "Wasn't Jesus a socialist..didn't he believe in SHARING".
He did not have over paid politicians making bad and greedy decisions with his tax dollars!

Rep.Chick said...

"While I disagree with handing out more money to these greedy individuals"...

I agree with you 100%.

I say lend them the money in the form of a Federal loan with interest and with contingencies and accountability.

Labor Unions, sorry your workers are not worth $45-$50 an hour WITH 401 K's and full blown insurance, sick days, personal days, paid vacation days that are 2 weeks a year or longer! A lot of other laborers have had to take pay cuts as well as cuts in their benefit packages so suck it up!

They say they can not live on less...well adjust your life style, the rest of us have survived on less for years, welcome to our world!

This being said...CEO's welcome to the real world you will also have to take a pay cut and a cut in your benefit package IF you want to keep your job.

Mr. Negative said...

Nice....We are bailing out Citigroup now....I wonder if they'll let me slide on a few credit card payments......

Anonymous said...

Yea.The Govt. Said Mr.Rigas bilked the investor out of money!!?!The govt.'s done it for years and it's the ol" Do As I say ,Not as I do attitude that got us where were at!Where is the SS $ and why doesn't John Have company?? How come the banks and the accountin companies aren't sittin with Tim and John?!!When are you people gonna figure out,The govt. used the Rigas Family for a scapegoat and they are reponsible for Coudersports Demise!!Did the Rigases make mistakes? Yeah!! Did they have maliscious intentions on ruining Coudersport and the peers they lived with and helped and shared with on thier way up!?!! NO!! They should have stayed private and greedy ,I guess like Enron and spent the retirement accounts too! I'm sorry they got the shaft from the govt. and Coudy had to pay for it!!But The family is paying the ultimate price!!After all we(the investors,that didn't make money) could have gone to Vegas and played a little Blackjack if we had known the crimnals Bush and Chaney were gonna pull this Bull#### to take the heat off thier assi*s!! The crap that's goin on now is peanuts compared to all the CEO"S livin the life of luxury W/o penalty now!!That's what I Call Equal Justice!!Bush - Chaney must be using what's left of the "OJ Simpson Dream Team" @ Taxpayers expense!!Wish we would have had the$700 Billion Taxpayer Bailout when me and John went down a few years ago!We would have qualified as Small town Employers and got some that cash,I'm sure!If I'd of just known to throw one more X-mas tree on that flight to N.Y for some friends of mine to ride with the business people on board,it could of made the difference between abuse and proper use of the company jet!!How abot doin the right thing,OBAMA and Pardoning the Rigas Family Now!!! Brad Jones-P. Beach,Fl.