First, full disclosure: I have taken a beating in the stock market just like everyone else who had money invested. I also just sent in my April 15 payment to the government so that our Congress people can take out their salary, retirement and health benefits then spend what’s left on something stupid.  Finally, I was also just as pissed at the Bush administration for spending our money like drunken sailors (this may be more of an insult to drunken sailors than they deserve).

There, now you know where I’m coming from.  So here we are today…. I have a few questions.  “They” say: This financial crisis was caused by a housing bubble where people who shouldn’t have gotten a mortgage did and couldn’t pay it.  I ask:  Why is the government now spending money to try to get people to buy houses?  If people can afford to buy a house why is the government “stimulating” them, isn’t 4.5% interest mortgage stimulating enough for a qualified buyer who wants to buy a house? If they can’t afford to buy a house… you get the point.  “They” say:  This crisis was caused by people spending too much, too much credit card debt for stuff they didn’t need, too little savings.  I ask:Why are Obama officials (hmmmm, I wonder if they mailed any checks April 15?) on TV about every 30 minutes trying to get people to spend more? I thought that was the problem in the Bush years…. but now it’s the solution??? They say: ”We can’t let the big banks fail.”  I ask: Why not? I know I’m not the sharpest tool in the shed but… if the banks aren’t lending then the banks are just collecting, right? So If they failed, there would still be no lending and someone else (whoever bought the assets of the banks) would be collecting, what’s the problem with that?

Same thing happened to my pest control company not too long ago. The guy’s biz failed and he sold my contract to someone else. I still get bug spray and my new pest guy gets my check.  Life goes on.  “They” say: We need to put $700,000,000,000 (wow, that’s a lot of zeros) into the banks because the banks assets aren’t worth what they are on the books for.

  I ask: Huh? Let’s look at this as a $200 problem for clarity. Let’s say I have a paddle boat that I think is worth $150. A guy comes to me and offers me $200 for my paddle boat (nice deal eh?). But, he wants to pay me over 5 years at 10% interest with no money down and I can’t check his credit. I think to myself, $200 bucks for a $150 paddle boat, nice. 10% interest nice. If he doesn’t pay I get my paddle boat back, nice. Maybe he’ll pay about $100 before he doesn’t pay, then I have his $100 bucks and I take back my paddle boat, nicer yet! So I say..Deal.  Now 30 days later, dude doesn’t send me my check. I call..where’s my check. He says “I can’t afford to pay you, the boat payments are too high! I say, “Give me back my boat!”  He says you cheated me, you made me buy the boat and take on a payment I can’t afford. I say, give me back my boat! He says come and get. I get there and the paddle boat has a hole in it. Now the darn boat is worth about $75 bucks.Who’s the idiot? Me, yep. The guy who bought the boat? Yep. And the government if they try to get the guy to buy another boat. And the government again if they want to give me $100 so to fix my $75 paddle boat.   Yeah, I guess it’s just me…

I bailed myself out by starting my own business. Don’t be dependent on the government. You can start your search for your new business here. 

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