More Idiotic Loans Forseen

With all the fear-mongers slinging prevarications about the credit crisis and general economic ruin throughout the entire nation, it’s easy for the bureaucrats to forget about the little man. The financial industry…the auto industry…the mortgage industry…we’re told that these are all “too big to fail”, that surely depression would follow their collapse. While not downplaying the importance of these financial giants, it’s clear that we’re missing one industry that has a greater influence on a man’s life than any other…I speak of course, of the porn industry. After all, since the government is now in the business of handing out taxpayer money to whomever it deems worthy, it only seems natural that the adult entertainment industry is deserved a slice of the pie. Its a well known fact that politicians occasionally enjoy to delve into the realm of erotica (warning: this link will NOT take you to nude pictures of Lindsay Lohan). It makes perfect sense that these all knowing leaders would choose to spend our money on one of their favorite enterprises. Why bring this up now you ask? Simple. Because just recently two noble patriots have taken this battle straight to capitol hill. Hustler’s Larry Flynt and “Girls Gone Wild’s” Joe Francis are petitioning the government for a $5 billion bailout. It’s true, see for yourselves.  Could you imagine a world without those eloquent spam emails promising the best adult entertainment has to offer? I sure can’t.

If this teaches us anything, it should be that government has no business allocating capital. They are incapable of making the right decisions. The porn industry has a right to petition them for money, because they have set the standard. They opened the vault. The financial, mortgage, and auto industries may have been the first in line…but you can be sure they won’t be the last. Now Obama and his team of liberal economists are telling us that we can spend our way out of this deficit. I’m no Harvard graduate, but I know you can’t spend your way out of debt. I hope they give Larry and Joe their $5 billion. We forced this upon ourselves with our laziness and greed. The next few months and years are going to be a challenge for everyone, I only hope we can learn from our mistakes.

I also predict that I will get 5 million hits on this post.

Merriam-Webster’s Word Of The Year

It’s no real surprise that bailout is Merriam-Webster’s Word Of The Year in 2008. With the current state of our economy and the ambitions of the incoming administration, we can expect it to top the list in 2009 as well. Unfortunately, all government bailouts are destined for failure. Albert Einstein defined insanity as doing the same thing over and over again and expecting different results. You would think that after $168bil in stimulus checks, hundreds of billions to Fannie and Freddie, AIG, Bear Sterns, Goldman Sachs, over $700bil to unknown amounts of troubled financial institutions and an insane flood of liquidity totaling in the trillions pumped in by the Fed without any sort of accountability, the people of this country would realize the simple truth: the government is helpless to fix our economy. In fact, the government is helpless to fix ANY economy. We’re quickly headed in the direction of government controlled economies the likes of the Soviet Union and Cuba. The intensely debated auto bailout is simply another case of the government subsidizing failure. It is imperative to allow the free market to weed out poorly run companies and allow viable new businesses to buy up those assets which are not wrought with bad debt. As is usually the case, nothing from any of our political leaders is pointing towards the free market as a solution. Instead, it is constantly blamed as the cause and instigator of the entire crisis. Merry Christmas.

The Economic Crisis Hits Home

Well, people…it’s official. America’s economy has been in a recession since December 2007. Can’t say I’m not surprised…we’ve become a bunch of greedy whiners. But, who cares? The rich will stay rich, the poor will get poorer, and the income gap will get a little wider. No big deal, right? WRONG!! In an attempt to raise revenue and respond to the increase in demand for its Double Cheeseburger, McDonalds has decided to change its price from one dollar to…one dollar and 19 cents. That’s accounting for almost 20% inflation! I am not loving it. This affects me in a big way. You aren’t an American if you don’t love McDonalds. Some of my favorite memories have been made while enjoying a 29 cent hamburger, a 2 for 1 soft serve cone, or, yes…a Double Cheeseburger. Forget the auto industry, forget the out of control printing press of the federal reserve, and forget Iran and North Korea! This is a big deal people! If anyone has any suggestions on how I should cope with this, please let me know. Right now i’ve decided to run out into the middle of the street and start lighting things on fire. Ba da ba ba ba…

Can I trade my dollars for your ameros?

Well, we’re screwed. That’s right…the Amero is coming. They tried it in the 60s, but luckily there were still some intelligent people left in Europe who wouldn’t let it happen. Now, there’s nothing to stop them. First they’ll come for your gold. Crazy? To imagine that scenario we’d have to go back to…1930. Wow. The most foolish president in recent history decided that American citizens no longer had the right to own gold, or redeem their dollars in gold. That right was reserved for foreign governments. That system was discarded after the depression because, well, it was wrong. Now, we’re facing an even bigger threat. In the next few months our newly elected Marxist president will decide that you don’t have the right to spend your own money. Our economy will become more and more centrally planned, till all remnants of Capitalism are lost. Then, the universal currency will be introduced. It will be forced upon us as the only way to resist the inevitable depression. Reality: it will give control of the world’s economy to an international central bank. I suggest reading Hayek’s “Road to Serfdom” to understand where a government controlled economy leads. Think one facist country is bad? Imagine a facist world. Luckily for us, our legislators in CA are busy banning people from text messaging while driving…wake up America. Our freedom is at stake.