Friday, February 6, 2009

February 6, 2009

Welcome to my periodic journal of Rants, Raves and
bits of Humor ( or how the world is seen and understood by me ).

February 6, 2009 ---
TARP, TA, BB, and BARF ( my personal favorite).
The above are acronyms for Troubled Asset Relief Program, Toxic Assets, Bad Bank and Bad Asset Relief Fund.
I have to wonder if our illustrious politicians are spending Billions, No, Trillions of our and our childrens, our grand childrens and great grand childrens money on these programs to convince poorly run companies, managed by incompetent people doing things against all the laws of economics to continue doing more of the same.
The politicians would have you believe their expensive, wasteful plan has to be adopted soon ( like yesterday)
to restore mormal economic conditions in the country. I respectfully submit we are getting back to normal now. The abnormal was the way we have been living for the last 10 or 15 years in an unsustainable frenzy and fog of prolific spending, consumption and waste.

No money down mortgages, which are given for more than the property value, credit card run-ups, ATM's which draw from your credit cards and all the free spending policies of the past are why we are in such a downward spiral. Washington D.C.'s answer to the problem -- We Have To Spend More-- to provide stimulus
to the economy. Which leads to two questions for you to ponder :

1. What happens when the stimulus money runs out ?

2. What happens when we have to pay back the stimulus money + interest ?

More certainly to come on this.
I welcome your comments.

Herman Falcon

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