Sunday, March 22, 2009

Bailouts Too Much Like Abortion: Do What You Want, Don't Worry About the Consequences

This morning I read a headline on CNN.com that made me shudder: "US Plan to Buy Toxic Assets Near"

Follow me here. If an asset is toxic for a bank, it means that the bank made a decision to make a bad loan, and is now suffering the consequences of that decision by losing money.

But now the federal government comes in and says, "Oh no! You're having to deal with the consequences of your bad decision. It must be so hard for you, and it's hard on the rest of us too. So listen to us. We have a plan. We're going to pretend that you never made a bad decision. We're going to take away all the consequences so you don't have to feel any more pain. What we're going to do is force someone else to take on your pain, an innocent person who had nothing to do with your bad decisions. Now the innocents will have to deal with the consequences of your decision. You, on the other hand, are totally off the hook. Now just go back to being who you were before, and, by the way, don't worry. If you ever make a bad decision again, we'll be here for you.

Now the absurdity of the above situation ought to be obvious. It's exactly the same message we send when we legalize the killing of unborn children. We're essentially teaching people that the consequences of their actions don't matter, that they can do whatever the heck they want and not accept the consequences of their actions (90% of abortions are performed as a form of birth control; look it up).

Just as innocent children are the victims of abortion, the innocent American taxpayer is the victim of these absurd government bailouts. If the US government were a parent, they might be voted "worst parent ever." After all, what good parent would allow their children to escape the consequences of their bad decisions? It's just plain dumb. When you remove the negative consequences of a bad decision, the person is much more likely to keep making the same bad decisions over and over again.

This much ought to be obvious. But apparently the Obama administration doesn't get it, and the Bush administration didn't get it either. Since when has the free market functioned properly with heavy government intervention? The answer is...never. The only role the government ought to play in a free market is to ensure ethical behavior and create policies that keep government as far away as possible from business, so that the market can operate with as few restrictions as possible. It's that kind of thinking that allowed America to become the world's most powerful country in a ridiculously short amount of time, and it's that kind of thinking that will help get us out of the financial swamp that is now drowning us.

But the Obama administration seems hellbent on making sure we stay in this swamp. With each government bailout, with each company that is "rescued", the taxpayers of America are becoming the shareholders in some of the worst investments in history. I'll ask you, would you, voluntarily, buy stock in AIG right now? General Motors? Citigroup? But wait, YOU ARE buying stock in these companies. The Obama administration is FORCING you. You don't have a choice. You ARE a shareholder in these companies, and there's nothing you can do about it.

These bailouts, which the government is calling "public-private partnerships," are not partnerships at all. Last I knew, a good partnership was something into which both parties voluntarily entered for mutual benefit. Yet I see no benefit at all to the taxpayer in this "partnership", and make no mistake: nothing about this is voluntary. All we get is a bigger tax bill and horrible investment losses. On the other hand, the companies that caused these problems are making off like bandits. The government is telling them that it's okay for them to unload their toxic assets on the citizens, and is basically forcing us to take the blame for the banks' bad decisions. Now call me crazy, but that's no partnership.

But wait, aren't I missing the point here? Once our government forces us taxpayers to buy stock in these poorly-run companies, the companies will surely be in better health, right, and the country back on better financial footing? Not so fast. Who is to say these companies won't continue making the same bad decisions? You've heard the saying, "The best predictor of future behavior is past behavior." Well believe it. When individuals or organizations don't face consequences for their bad decisions, the likelihood of them repeating the same mistakes is very high.

So here the government is, anointing themselves saviors of the economy, the knights in shining armor, when in fact all they have done is encourage the offending companies to keep up with business as usual. Just like the irresponsible individuals who continue to have unprotected sex, knowing they can easily get a government-approved abortion the next day, these poorly-managed companies will keep on making poor management decisions, knowing full well that big brother government stands ready and willing to bail them out, again.

God help us.

23 comments:

Anonymous said...

Great points. We are going down a road that could cause this country to be a shadow of its former shelf.

Anonymous said...

great post matt! Not only is the government interfering with the free market, they also created the mess! Going back to your abortion analogy, they not only will they provide the abortion, but the subprime mortgages were like providing the unwed a free hotel room in hawaii. Yeah, let's hope nothing bad happens there. I think you've nailed it.

Anonymous said...

Freak out all you want. Who can stop this insanity? No one!

Anonymous said...

Things were going so well under Bush it is too bad he is not still in office to fix the mess that he created.

best-tutor said...

Hello!

very nice post... enjoyed it very much.

Thank you

http://www.best-tutor.com
http://best-tutor.com"

good site

tutor
tutor

逆円助 said...

さあ、今夏も新たな出会いを経験してみませんか?当サイトは円助交際の逆、つまり女性が男性を円助する『逆円助交際』を提供します。逆円交際を未経験の方でも気軽に遊べる大人のマッチングシステムです。年齢上限・容姿・経験一切問いません。男性の方は無料で登録して頂けます。貴方も新たな出会いを経験してみませんか

精神年齢 said...

みんなの精神年齢を測定できる、メンタル年齢チェッカーで秘められた年齢がズバリわかっちゃう!かわいいあの子も実は精神年齢オバサンということも…合コンや話のネタに一度チャレンジしてみよう

メル友募集 said...

最近仕事ばかりで毎日退屈してます。そろそろ恋人欲しいです☆もう夏だし海とか行きたいな♪ k.c.0720@docomo.ne.jp 連絡待ってるよ☆

家出 said...

最近TVや雑誌で紹介されている家出掲示板では、全国各地のネットカフェ等を泊り歩いている家出娘のメッセージが多数書き込みされています。彼女たちはお金がないので掲示板で知り合った男性の家にでもすぐに泊まりに行くようです。あなたも書き込みに返事を返してみませんか

動物占い said...

あなたの性格を、動物に例えて占っちゃいます。もしかしたらこんな動物かも!?動物占いをうまく使って、楽しい人間関係を築いてください

家出 said...

家出中の女性や泊まる所が無い女性達がネットカフェなどで、飲み放題のドリンクで空腹を満たす生活を送っています。当サイトはそんな女性達をサポートしたいという人たちと困っている女性たちの為のサイトです

セレブラブ said...

セレブ女性との割り切りお付き合いで大金を稼いでみませんか?女性に癒しと快楽、男性に謝礼とお互い満たしあえる当サイト、セレブラブはあなたの登録をお待ちしております。

夏フェス!! said...

夏フェス一緒に行ってくれる人募集!!夏の思い出一緒につくろぉ☆ megumi-0830@docomo.ne.jp 連絡してね♪

無料ゲーム said...

あなたのゲーマー度を無料ゲーム感覚で測定します。15個の質問に答えるだけの簡単測定で一度遊んでみませんか?ゲームが得意な人もそうでない人もぜひどうぞ。

素人 said...

Hな女性たちは素人ホストを自宅やホテルに呼び、ひとときの癒しを求めていらっしゃいます。当サイトでは男性ホスト様の人員が不足しており、一日3~4人の女性の相手をするホストもおられます。興味を持たれた方は当サイトにぜひお越しください

出会い系 said...

実は出会い系には…関係者用入り口があるのを知っていますか?広告主やスポンサー用に用意されたIDではサクラや業者が立ち入ることが出来ないようになっているのです。当サイトでは極秘に入手した関係者用URLが公開されています

逆援助 said...

男性はお金、女性は快楽を得る逆援助に興味はありませんか?お金を払っても性的欲求を満たしたいセレブ達との割り切り1日のお付き合いで当サイトでは大金を得ることができます。無料登録なのでアルバイト感覚でOK、詳しくはTOPページでどうぞ。

友達募集 said...

ホムペ完成記念!私の事みんなに知ってもらいたくて頑張りましたぁ。色々とご感想をお待ちしているので思った事を意見してください。メアドはほむぺにのせてありますぅ!★ fan.jna@docomo.ne.jp

家出 said...

夏休みで気軽に家出する女子○生が急増しています。しかし家出したはいいものの泊る所やお金が無い彼女たちは、掲示板などで泊めてくれる男性を探す子も多いようです。当掲示板にも夏休みに入ってから通常の3倍以上のメッセージが寄せられています

人妻 said...

今最もアツイバイトは人妻とのセフレ契約です。当サイトではお金を払ってでもセフレがほしい人妻が集まり、男性会員様との逆援生活を待っています。当サイトで欲求不満の女性との出会いをしてみませんか

素人 said...

素人ホストでは、男性のテクニック次第で女性会員様から高額な謝礼がもらえます。欲求不満な人妻や、男性と出会いが無い女性達が当サイトで男性を求めていらっしゃいます。興味のある方はTOPページからどうぞ

友達募集中 said...

少し魅惑な自分をネットだから公開してみました。普段言えない事など、思い切って告白しているプロフなので興味ある方はぜひ除いてみてください連絡待ってまぁす。 hinyaaaaa@docomo.ne.jp

Anonymous said...

The THE STREETS OF SAN FRANCISCO
appliance I'm creating is a photo album, additional a abstruse hotlink unlocking added pictures abstruse added appearance are a accepted accident in bartering THE STREETS OF SAN FRANCISCO DVD
. The angel agenda eventually will authority the completed THE STREETS OF SAN FRANCISCO DVD COLLECTION
.