Let Freedom Ring!

@ParaTed2k (22940)
Sheboygan, Wisconsin
March 27, 2008 2:33pm CST
Once again, the term "bail outs" has reared it's ugly head in the U.S. Why is "bail out" an ugly concept? Because it destroys the ability to fail. Without the ability to fail, there is no ability to succeed. In a free society, we invest our time, skills, money and property with the hope of turning a profit. That is as it should be. Some people make wise investments, and they are rewarded with an increase. For others, the outcome isn't so good. Their investments never pay off, or they pull out at the wrong time, and they are left holding the bag. This, believe it or not, is also "as it should be". Over the last few decades we have childishly looked to momma and daddy government to "bail out" those who find themselves at a loss. Chrysler was failing, so we (the taxpayers) bailed them out. After all, if Chrysler fails, good folks will lose their jobs. In the late 90s, the "tech bubble" burst, again, the crybabies whined loud enough for Nanny government to come change their diaper. For years the price of housing and real estate has been shooting up, up, up. "They need to do something to make housing more affordable" was the whine. Now that the market is correcting itself, people are realizing that the remedy for high housing costs is less (or no) equity. "That's not what we meant" comes the wail of unintended consequences. So, now the government is looking at ways to bail out those who (unintentially) exercised their freedom to fail. We have paid a price for all other bail outs. I wonder what price we will pay for this one. Let Freedom Ring! Even when that freedom brings on discomfort and disappointment.
1 person likes this
4 responses
• United States
27 Mar 08
Believe it or not an arguement can be made supporting your position that 'bail outs' are unwise based on the Biblical story of the Garden of Eden! God forbade Adam and Eve to eat of the fruit of the tree of the knowledge of the difference between 'good' and 'evil'. At one time this confused the heck out of me. Why would God not want us to know the difference between 'good' and 'evil'? Shouldn't we strive to do 'good' and avoid 'evil' ? Yes, of course, we should, so what was the point of this Biblical story? IMHO, the point of the story is that humankind has a very difficult time distinquishing the difference between 'good' and 'evil'. Often times what we think is 'good' is 'evil' and 'evil' appears 'good'. So, instead of using these concepts it often times is wise to look at a situation in a practical manner. Sometimes, the difference between 'good' and 'evil' is best determined by disregarding the concept of that difference. Let's look at how by going back to the bail outs. Would it be 'good' or 'evil' to bailout the troubled financial institutions in question? Not such an easy question is it? On the one hand, it would be 'good' to prevent someone from going bankrupt. On the other hand, it would be 'evil' to encourage bad business practices which would result in the need for ever more bailouts. The concept of the difference between 'good' and 'evil' is limited in scope. What to do? Disregard the idea of 'good' and 'evil' in making this decision, just as God commanded to Adam and Eve. Make the decision based on what we have resources to do over the long term. Over the long term we can not afford to continuely bailout institutions and individuals who each will feel entitled because others before them were bailed out. So, this is an easy decision. NO BAIL OUTS!
3 people like this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
27 Mar 08
Great point! Furthermore, instead of "good" and "evil" all to often we turn to "feel good" or "feel bad" in making decisions. feel good decisions don't make more sense, they are just more popular.
1 person likes this
• United States
27 Mar 08
Okay first off I live in Michigan..This State is falling apart Thanks to our Government here.. Jennifer Granholm has done severe damage to us in my opinion..So many promises and nothing to back them up. We have the highest unemployment rate in the U.S. according to the news. We used to be the vehicle making state and now jobs are being outsourced to other countries so the rich can save a buck. I know that everyone has to fail at some point, but what if its not our fault? My husband and I work very hard in order to provide for our children and ourselves. However we wonder how long this can last? Our neighbors are getting foreclosed on...seriously like 5 of them. We are fighting tooth and nail to keep our head above water. What else is there? Sometimes we have to look to our government...maybe not the governor, but someone needs to do something. We arent crying and whining for them to fix something we broke..we are asking for help to fix something that was broken for us by bad decisions that were not completley ours to make. So whats your solution? Please I would really like your opinion!
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
27 Mar 08
At the risk of sounding heartless here (but believe me, as a person who is disabled through no fault of my own, I do understand)... If freedom only means we are guarenteed a steady paycheck and financial security, then it means nothing at all. True, Michigan has been in a "one state recession" for a long time now. The "big three" spent a couple of decades making horrendous decisions about the automobile market. Decisions that have hurt most of your great state. However, they weren't the only ones who made investments that went wrong. You and your husband invested your time, skills and property too. We all put it all on the line when we choose a career, move to a new place, or any other major choice in our lives. My solution? I don't know what is available in your area, nor do I know your options. I can tell you what I did in a similar situation though. I got a job as a paramedic here in Wisconsin. My 4 kids, my wife and I moved from Idaho for that job. Through no fault of my own, I lost that job after only 6 weeks. What did I do? I went to the local day labor place every morning ready to do whatever job they had available. I went to the national guard recruiters (I was an NCO at the time) to find out if there was any funding available for me to work for them for a few weeks. I talked to my bishop about getting help for food and rent until I could find another permanent job. After a few weeks, while working with the recruiters, I landed another paramedic job, and things worked out pretty well for a few years. Then I went disabled and was unable to work. What did we do then? My wife was in college at the time, we decided that she needed to keep going, but she also had to get a job. My oldest son was working as a caddy at the time, most of his money had to be used to support the family. Again, we got help from our church. In other words... we all did what we could to make up the difference between making a decent income and me losing my health. I'm not saying that the government has no place in helping, I would be the last person to tell you not to go on food stamps, get grants for schooling or use whatever programs are available for you. What I am saying is, every time the government "bails out" an entire part of the economy, it leads to more problems than it helps. I hope things work out for you, and I hope you are able to rise above the situation you find yourselves in.
1 person likes this
• United States
29 Mar 08
You dont sound heartless at all. I know that what you say comes from experience. My husband and I both work full time and have lived in Michigan for most of our lives. My husband works full time and I watch the kids during the day and do online schooling, then I go to work in the evenings. Daycare is out of the question as its extremely expensive and we would be working to pay daycare basically with three children. We dont use food stamps and there arent any grants in this state that we qualify for. Wouldnt that be a form of being bailed out anyway? It amazes me that there are a ton of people who abuse the welfare system and get away with being handed a ton of money and the people who are honest and only use it when its necessary cant get any help. Im not saying thats everyone who is on welfare, but I have seen quite a few. My curiousity here is Who is to blame in your opinion? Who is at fault for not just our one Sate recession, but the entire country falling to pieces? How can we consider ourselves as citizens responsible for our failing economy? We arent the ones that pass the bills. And we arent the ones that are supposed to be running our country and making decisions that wil benefit us not hurt us. I understand all that you have been through..This isnt an attack. I just found out yesterday that my Cancer is back so I get to fit in chemo into my schedule. And I cant choose to not work no matter what because every penny that is brought in to the household counts. I guess maybe I'm just looking at where you are pointing the finger. You say stop whining, well we arent whining. We just want answers as to why we are working hard and still everything is crumbling around us.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
29 Mar 08
Well, not all programs are bail outs, and not all complaints are "whining". What I mean when I say "bail outs" are times when the government just throws money at the problem, when it just might be the money that causes the problem. If investors know that they will be protected from losses, they are more likely to take stupid risks. Investors (by definition) are supposed to be risk takers. When we invest anything we are willing to accept the consequences as well as the benefits. Freedom goes both ways. If the government is insuring against failure, then they are also insuring against success. ~~~~~~ Frustration: That feeling you get when you are forced to acknowledge the affect other people's decisions have on your life. ~ ParaTed2k's (Not So) Famous Sayings. I think that says it all, don't you? ;~D
@gewcew23 (8007)
• United States
27 Mar 08
True, true ParaTed, our great country was made by people that either had to succeed, or fall flat on their face. There need to be risk in life, it is what keeps us as a people strong. Sure some will fail, but most will succeed. If government always bailsout mistakes no one learns from the mistake. Chrysler made a car no one wanted, and still does not make a car that anyone wants. Japanese made cars that fit what American where looking for. Toyota is the number one car seller in the USA, I wonder why. Could it be that Toyota was forced to succeed or fail. The American automobile manufactors can make a car that no one want, complain to the Feds, and get bailed out. Did they learn any thing, NO. While driving compare the number of Japanese autos vs. American autos.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
27 Mar 08
True, Gewcew. In hard times we need to look back to our pioneering ancestors. They were willing to risk life and limb every time they picked up and moved, just hoping for something better, or just "different". We whine and cry just because we don't know where our next paycheck will come from... they didn't even know if they would be alive the next day.
1 person likes this
@rodney850 (2145)
• United States
27 Mar 08
Just to add a little to your comments Gewcew, in the summer of 2005 we saw some of the most prolific cuts in the prices of automobiles since I have been an automobile consumer. They came out with what they called the "employee discount"! I purchased a new truck that year for less than I could buy a used one! In fact, I paid a little over 22 thousand dollars for a truck which was stickered over 30!That's an 8 thousand dollar discount! My question is; do the automobile companies really expect me to believe they were losing money selling these vehicle at such a discount? Also, It is my FIRM belief that the labor unions have totally priced themselves out of the labor market when it comes to car manufacturing! I wonder how many of these laid off auto workers would come back to work today for say 5 or 6 dollars an hour less?
@ltmoon (1008)
• United States
28 Mar 08
tehehee ... I hope all the house-flippers and the asinine leaders that enabled them end up living in cardboard boxes.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
28 Mar 08
I don't wish bad on either of them. However, I also don't see any reason to bail people out when they took a financial risk and lost.