tag:blogger.com,1999:blog-7150649422744296369.post8197192303794925988..comments2023-12-23T02:17:12.549-08:00Comments on Quest for Fun!: Black September and BDGGary Rayhttp://www.blogger.com/profile/11897166491600280320noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7150649422744296369.post-54975440106229151342008-09-27T10:27:00.000-07:002008-09-27T10:27:00.000-07:00Sorry for all the spelling mistakes in this one. T...Sorry for all the spelling mistakes in this one. They're fixed now. I decided we would only use Internet Explorer on the new POS machine, where I wrote this. That decision lasted one day. Firefox has an awesome spell checker among other things. I just wish it didn't have so many memory management problems.Gary Rayhttps://www.blogger.com/profile/11897166491600280320noreply@blogger.comtag:blogger.com,1999:blog-7150649422744296369.post-32659097794251957102008-09-21T10:54:00.000-07:002008-09-21T10:54:00.000-07:00"The sky is falling! The sky is falling!" Rings o..."The sky is falling! The sky is falling!" Rings out from the media and certain politicians who wish to create the fear that is, itself, the only thing we have to fear.<BR/>Despite many claims that this is the worst economic setback since the crash of 1929, the market took much less of a hit than in the "crash" of the '80s (was it 86, or 87, I'm not sure).<BR/>Unfortunately, our government has been sending mixed messages to the financial industry, and has been tinkering too much with market forces.<BR/>Any time that the fear of consequences is removed from the risk equation - as in "Make that risky loan to the guy who can't pay you back unless the house doubles in value over the next two years, if it goes bad, the taxpayers will bail you out" or "live in a hurricane zone without any insurance, don't evacuate when you're warned to, and the taxpayers will bail you out", the market will not work properly. Even a child can see that this "safety net" only encourages riskier behaviors, even as it punishes those who try to be responsible and make wiser choices.<BR/><BR/>Fear is the tool being used to extort taxpayer money to cover the errors made by fools and the criminally irresponsible. This increased government spending on bailouts will either decrease funds available for necessary government services, or increase either the national debt or the tax burden on individuals and businesses.<BR/>Either of those options is bed for the economy in the long run. Perhaps it would be better for the corporate criminals and their political cronies to take their medicine now, to relieve the American people of longterm suffering.<BR/><BR/>http://www.angryrenter.comAnonymousnoreply@blogger.com