Sunday, October 26, 2008

GORDON GEKKO IS ALIVE AND WELL

Greed is good or so says Gordon Gekko. Well, we see where that has gotten us. Over the past 8 years the unrestrained, anything goes business environment has lead us and the world down the path to ruin. Even Allen Greenspan seems to grudgingly admit that lack of, or failure of regulation has lead us to this sorry point. He could not foresee this outcome? Well the man must be a totally uneducated boob. He knows nothing about history or human nature and how it applies to business and economics. That along with the naive assertion that government IS the problem totally ignores why government and laws and regulation have proved necessary throughout history. If men were angels there would be no need for government, would there, but wait, wasn't Satan an angel?

History? Well it would seem that most of the neocons  and business people either never studied history, never learned from it or just ignored it for their own short term gain. Thus, we repeat. The problem is that their screw-ups don't effect them, just the rest of us poor schmucks.

This idea that they owe nothing to the country, that they should keep all of their "hard" earned money is crap. Don't they think that they owe something to the country that has given them the freedom the environment and resources that they have used to "earn" their money? I guess not! If not, they should go somewhere else and see how they fare. Their patriotism ends with their wallet.

Many business people seem so enamored with China, I wonder how they would do there. Of course, if they pulled some of the same stuff there that they have done here, their reward would be a bullet behind the ear. Then, their families would be billed for the bullet. Perhaps we should make bank and Wall Street fraud a capital offense.

Instead we bail the SOBs out and they make off with their ill gotten gains, while the rest of us see our savings and pensions disappear. What about all of those who have or will lose their jobs? Who is going to bail out all of those who are retired or soon to retire who have seen their homes and pensions lost or decimated?  Certainly not the Gordon Gekkos, the George Bushes and the John McCains of the world. They have theirs and their aim is to keep it at all cost. Their motto: Let them eat cake!

Greed is good!

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