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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (56285)9/26/2008 11:15:03 AM
From: Jorj X Mckie2 Recommendations  Read Replies (1) of 57110
 
Well, time for my semi annual post to the thread....

I think that our economy is messed up and I think that the bailout plans will only make things worse over the long term. I believe that we humans are like fractals in our behavior. Meaning that a concept that applies to an individual also applies to a family, a community, society, and an entire population. When you have an individual acting in a self destructive manner, such as a drug addict, alcoholic, etc....the only way they ever truly deal with their issues and get better is by hitting bottom first. All attempts to avoid hitting bottom just prolong the process and make the bottom lower.
From one of my favorite movies, Fight Club:
TYLER
I'll say this about Marla: At least she's trying to hit bottom

So these bailout programs are all being put in place to avoid us hitting bottom. I believe we need to take our medicine now and deal with this crap rather than taking one more step to becoming a socialized state. Letting the government solve our problems will have many unintended consequence and most of them will be bad.

Remember the old saying "don't catch a falling knife"?
The government bailout programs are just elaborate ways to catch a falling knife. We just need to let it happen instead of saddling our children with our problems by creating a socialist state where we expect the government to solve all of our problems.

Once again, we learn that free money ain't never free...
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