Whether or not one feels a “bailout” should be made, has to be made otherwise we will turn into the next great depression. To renege is to cut one's own nose to spite one's own face.
Capitalist purists want the marketplace to rule and self correct, which will mean business failures, bankruptcies and foreclosures and an unemployment rate that will jump up to the high teens.
Usually the purest are at the other end of the totem pole where an economic crisis is an inconvenience, not devastation.
The Citigroup "bailout" is a better crafted one in that the Government will be given preferred stock for its contribution (The U.S. can actually make money). This is our new economy, created by another supply side crash and burn, where our government has a financial share in many big businesses, rather than just a "say." A limited socialism, if you will, as the medicine for casino capitalism.
It was refreshing to hear the President elect’s honesty in stating our economy will get worse before it gets better. He left out we will no longer be able to resort to financial gimmickry - junk bonds, dot com's and real estate bubbles to over inflate our economy and its financial values.
Finally, I love the moderate and experienced course the President elect is taking on his Cabinet choices. Being a Hillary supporter, it’s nice to see the old Clinton gang together again.
David DiBello
Monday, December 1, 2008
Top 12 Notre Dame Excuses for Loss to USC
Top 12 Notre Dame Excuses for Loss to USC
12. Nine total Yards Offense in First Half still an awful lot of running over thirty minutes
11. Players had Third Quarter in the First Down Pool
10. Stayed out Late night before at OJ Simpson Museum and Celebrity Bus tour
9. Supposed to be “the Harlem Globetrotters” of College Football, then all these tough schools showed up
8. Goal was six ties too so record could be spooky 6-6-6.
7. Team got swept up in “Bailout Fever” and expected to be spotted 32 points
6. Oh, that USC! (Players thought University of Southwest Connecticut)
5. Wanted to see if Knute Rockne actually could roll over from six foot under after all these years
4. Other schools have really cool alumnae, while all ND has is Regis Philbin!
3. “Win one for the Weiss Guy” just not as motivational
2. All the good players went to Ball State this year enticed by a Letterman autograph (NCAA violation?).
1. Hey we’re Notre Dame; they’re allowed to tackle us?
David DiBello
12. Nine total Yards Offense in First Half still an awful lot of running over thirty minutes
11. Players had Third Quarter in the First Down Pool
10. Stayed out Late night before at OJ Simpson Museum and Celebrity Bus tour
9. Supposed to be “the Harlem Globetrotters” of College Football, then all these tough schools showed up
8. Goal was six ties too so record could be spooky 6-6-6.
7. Team got swept up in “Bailout Fever” and expected to be spotted 32 points
6. Oh, that USC! (Players thought University of Southwest Connecticut)
5. Wanted to see if Knute Rockne actually could roll over from six foot under after all these years
4. Other schools have really cool alumnae, while all ND has is Regis Philbin!
3. “Win one for the Weiss Guy” just not as motivational
2. All the good players went to Ball State this year enticed by a Letterman autograph (NCAA violation?).
1. Hey we’re Notre Dame; they’re allowed to tackle us?
David DiBello
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