Wednesday, January 23, 2008

The economy: we're the stupid ones

It's easy to blame government when the economy seems to sour but, folks, it's like Pogo said: "We have met the enemy and he is us."

After 9/11 we're the ones who stopped flying and stopped buying.

We're the ones that treated homes as ATM's and not as a place of residence.

We're the ones who allowed people to buy homes and cars with little or no money down and then we wonder why these risky loans failed.

We're the ones that allowed anticompetitive mergers.

We're the ones that let businesses drain jobs from this country and send them overseas.

We're the ones that reward CEO's who fail investors instead of booting them out the door.

We're the ones who have so little faith in this country and our people that we run and hide instead of standing up to make this country great again.

Yes, the government could have done some things differently but at the end of the day we're responsible for this mess, period.

1 comment:

Dad29 said...

We're the ones that let businesses drain jobs from this country and send them overseas

We're on the same page, but...

Remember that our Gummint imposed costs (soc security, osha, enviro regs, eeoc, wage/hour regs, not to mention income taxes) which are not replicated in any Asian country.

And that PRC pays its manufacturers to export goods, effectively making (among others) steel-casting businesses completely un-viable in the US.

We can also be accused of simply overspending on crap, by the way...