| |
A Nation of Fools
By Peary Perry
Let’s
see…..Suppose you were an idiot, and suppose
you were a member of Congress; but I repeat
myself. (Mark Twain) ….
Ah, but was he spot on or what? Here we are
in the final quarter of this year. The third
quarter economic figures were just released
and guess what? They showed that we had some
growth and the numbers were bandied around
the current administration with great
amounts of chest puffery. The recession was
over and dead ….all due to their astute
financial policies and brilliant planning
and decision making. No mention made of the
total costs to make this happen. They
gleefully point to the number of new
government jobs which have been created.
Government jobs, my friends do not make
profits.
You think the $8000 credit anyone can
receive (a 4 year old got hers) added to a
$4500 rebate to car dealers for ‘clunkers’
might have had anything to do with the
economy? The housing credit expires on
December 1st. The cash for clunkers has
already come and gone. Do you think the auto
industry is going to show improved sales in
the 4th quarter as compared to the 3rd
quarter? Do you think home sales are going
to improve without the $8000 rebate?
If you do, then I’ve got some bridges for
you to think about buying in Brooklyn.
Come on, how long do they think we can keep
this up?
The word PROFIT is not a four letter word.
It is what makes business function properly.
Unless of course the rules of profit and
loss do not apply to you.
If any of us had the ability to print more
money to cover any and all of our losses
then we would always be profitable, wouldn’t
we? The fundamental laws of business would
not apply to us anymore than the laws of
gravity apply to someone in space. In fact
I’m beginning to think that’s where some of
these congressmen and women are living….out
in space. They are totally oblivious to the
basic concept of operating a company of any
sort.
Their arrogance shows by their constant
refusal to hear or listen to anyone with an
opinion different from their own. In their
mind, they are right and anyone who
disagrees with them is wrong. No chance for
discussion, full steam ahead….damn the
torpedoes.
Yesterday, Friday the 30th of October, the
market dropped nearly 250 points. If the
people who live and breathe stock prices
were certain the recession was over and
happy days were here again, how can the
market drop like this?
Because, these people know the truth and
they know the numbers being put out by this
administration are false and without
meaning. We all know people who are looking
for jobs. I just placed an ad online for a
couple of minimum wage positions and so far
(in one day) I have had over 20 resumes sent
to me. Tell me people aren’t hurting.
Try getting a loan from a bank; do you know
anyone who is getting one for their
business? I think not. The only ones getting
nay money are those with government projects
under the so-called stimulus plan.
By the way, the paper this morning reports a
large number of ‘jobs’ which have been
created as a result of the stimulus plan.
However when you read the fine print you’ll
see the majority of these are government
jobs. I go back to my original argument of
how does a government job product any income
relative to the gross domestic product of
this country?
They don’t.
We can hope that next weeks elections
produce some sense of change which may have
an effect on the people in elected positions
who might be concerned over their future.
Otherwise Mark Twain was certainly a
prophet.
Comments go to pperry@austin.rr.com
|
|
Archives .
Biography .
Books .
Editors Sign Up Form .
Letters from North America
Nation of Fools . Newspapers
.
Bet You Didn't Know .
Recipes .
E-mail Perry .
Subscribe to Feed
|
