I should have figured I was on to something back in the spring of 2004. Prof. Hettler popped us a quiz in Macro, and me, being completely unprepared did nothing but write "Laissez-faire" in giant capital letters across the five question exam. He gave me a 2 out of 5, which wasn't bad. At least I showed some effort.
Turns out my foresight was top notch. Here we are in the most dire financial situation in generations and Laissez-faire is a main point of contention. The infamous label of American greed finally hit its peak. Normal Americans stretched their limits to live in the nicest neighborhoods. Corporate executives welcomed this hubris with open arms. Henry Paulson's face is beginning to have the look of one of those rotted jack-o-laterns you see sitting on a porch two weeks after all the candy has been passed out.
My peers and I are educated. We are intelligent, fairly successful for our age, nice looking and most of all, really fucking pissed. Too bad if we wanted to enjoy our twenties, and don't even talk about buying a house. Like that's going to happen.
Right now I'm watching last night's Daily Show and there's Bill Clinton doing his Bill Clinton thing and making me fully confident he could rescue us from this abyss in like ten minutes. But seriously, what is going to happen? George W says $700 billion of tax payer money will do the trick. Yea, that'll be good.
My education on the crisis is rather broad, I understand the premise and what happened to cause this shit show, but where do we go from here? Hell, this thing is so messed up I actually just enjoyed watching Jon Stewart. I even laughed a few times.
The shameful thing about it, is that I have absolutely zero faith in anybody charged to fix this. Who is going to help?
I have no idea. This is about the time where Americans unite. After an emotionally charged primary season followed by an even more emotionally charged election campaign, the two sides have agreed to come together and try to solve the equation. Unfortunately, Americans uniting generally has one main ally. Someone to lead them. Who will lead us now? A Wall Street executive who spent billions getting us into this mess? I hope not.
My gut hates when I'm cynical. Cynical citizens are some of my least favorite. There's no benefit to cynicism and some always leads to more. The past few years have flown by. My support for our troops is endless, I even gave a benefit of doubt to the war in Iraq, however misguided it might be (maybe it isn't, who knows...that's not my point).
A fear of mine is that America has finally reached the precipice that's been predicted for years. There's never been a doubt in my mind that we wouldn't be saved. But it could be different this time.
In the meantime, I'm gonna try to get that quiz re-graded.
10 comments:
I find looking at your pictures far more interesting than reading your blogs.
Brett
And to clarify, I mean pictures of YOU.
Love,
me again
I could start on this whole fiasco and probably make a blog of my own just out of that material, but I'm gonna try to hold off.
My main disbelief? The federal government, that takes approx. 9 months to even determine who will run for president, is the same federal gov't that has, in one week cooked up some panic plan of $700 billion dollars, and are ready to implement it now.
The Fed Gov't is not the fastest acting governing body, but that's not always a bad thing - the whole point is to have debate, discourse among individuals before compromising on a decided path.
I wish we'd adhere to that same discussion before smashing the panic button and throwing out $700 billion of our dollars. That is, unless the Gov't has some inside info and knows that the economy is teetering on the verge of chaos much closer than us lowly American peons feel it is. Just like they had the inside track on info about Saddam's real threat to America and freedom.
I'm far from being knowledge on this countries politics, but slamming a HGH pumped up stimulus package (that $300 plan worked well, didn't it?) into the vein of our financial institutions without fully analyzing it's full potential impact scares the heebeejeebees outta me.
- dfjgz
come on mitch, bring it. i'm anxious to hear what democrat is responsible for everything.
It might surprise you, but I'm officially registered as an independent. My conservative slant has a lot of factors behind it. And one factor is that I don't want to be a part of the same political party as the mouthbreathing, Ipod-sporting, graphic-tee-wearing, "enlightened" cock-knocks of our generation that populate college campuses. Ironically, I didn't start to despise liberals/Democrats until I went to college.
But I've lost my train of thought. And really, it gets back to one of my previous comments. I don't hold any specific Democrat accountable, nor do I think Republicans are blameless. Responsibility, in my eyes, trickles down to the citizens of this country. We're the people that signed the papers for shitty mortgages, we're the dicks that tried to make a quick buck flipping houses and inflating prices, and we're also the dicks that run the organizations and businesses that allowed people to take a loan that we knew they wouldn't be able to afford. It's all corner-cutting business in an effort to make a dollar. And that catches up to you, whether you're the retard buying that $500,000 house on a $30,000 salary or the guy in the suit approving that mortgage loan.
And ideally, Congress wouldn't bail us out. The market would tank, we'd be in a recession for years, people might actually learn some *gasp* individual responsibility! and we'd emerge stronger on the other side. But nobody wants to admit that the economic goodtimes have rolled, and now it's time for the hangover. Instead, Congress will throw $700 billion (pinky finger) at the problem, hoping that it saves us all. And we will have learned a lesson? I really doubt it. The government will be larger, our taxes will be higher, and as a nation of individuals we'll be just as dumb and lazy as we are now.
Really, I could go on and on. But I will leave you with a few factoids.
1. McCain called for Fanny Mae and Freddy Mac reforms in 2005. Obama voted against it. Why, you ask?
2. Chris Dodd and Barack Obama are the #1 and #2 respective recipients of political contributions from Fanny and Freddy. Dodd is the chairman of the Senate Banking Committee.
I ain't saying, I'm just saying.
fantastic mitch,i love it
Shit, get on my level, you cant get on my level/
You would need a spaceshuttle or a ladder thats forever/
However I'm better if not now than never/
Don't you ever fix ya lips unless you bout to suck my dick/
-young money millionare
Oh shit, son. I just got recharged after that debate.
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