Sunday, November 16, 2008

Congress and the con

FWIW I agree with those who are opposed to a government bailout of the American automotive industry. Not that anyone really cares. Apparently the UAW pays its bills and Congress will deliver promised services.

I felt the same way about the housing and banking mess.

In all these messes the stones that set off the ripples that grew into these tsunamis were cast by Congress. As usual.

I won't bore you with a rant about this. You can do your own homework if this is of any interest to you. I will say that in the normal coarse of a con artist-sucker relationship the sucker usually, at the very least, gets an education and the confidence artist eventually gets caught. In our relationship with our government, however, we never learn, do we? We actually go back again and again, almost begging to be fleeced one more time.

I don't blame the bankers, the stock market, the so-called fat cats, or the mortgage companies all that much. People are often greedy and short-sighted. I blame the meddlesome, power drunk magical thinkers who set up the con; who create the conditions that make these situations almost inevitable and the suckers, us, who uncritically believe the headlines and the campaign slogans.

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