Friday, September 26, 2008
It's not play money
I am not scared witless about the economy. Not really. I'm kind of just holding my breath and thinking maybe it would be wise to spend a little money on some of the things we might not be able to get later. ... you know ... when we'll need a wheelbarrow full of money to buy bread and cheese.
I figure, whatever happens most of us will be in the same boat. A dingy.
But I'll tell you what ... I'm not a huge fan of the "bailout." I would feel better if Bush wasn't trying to send $700 billion down the toilet without even watching it circle around.
More specifically, I'm not a fan of bailing out the securities industry. I'd rather Silas' grandchildren's tax dollars buy something more solid. Like the mortgages these greedy bastards f*ed up in the first place. Let the firms fail, I say. The money won't disappear. It will just be reapportioned.
I say let the ship sink. Let's save as many of the souls in the lifeboats as we can.