Welcome to what is sure to be the best blog on the web that no one has ever heard about. It's kind of like the best golfer to never win a major or the best quarterback to never win a ring, only I don't get PAID TO FAIL.
Which leads me to topic number 1: PAID TO FAIL
In the "want something for nothing" decade, driven by instant gratification, terrible parenting, leftist/socialist government, leftist education, and a media system that derelicts its reporting duty and sways popular opinion with biased information, everyone has their hand out.
Ford, GM, Chrysler, Citi, Lehman, Bear, JP Morgan, Wells Fargo (though they didn't want the money but Paulson coerced them into taking it as a "Patriotic" move), Goldman, Merrill, Banc of America, UBS, Barlcays, Fannie/Freddie, all have their slimy, grubby hands in your pocket.
But Why? Why is it socially acceptable and almost universally expected that failing is not only OK, but should be treated with great sensitivity towards the poor sufferer?
Let's start with Dodge Ball. You know, the game where a bunch of 8 year old kids run around and toss a soft ball at each other with the goal of being the last one standing?
Well, in the 1950's-1990, Dodge Ball, along with Tag and Little League, were great games for kids. Such activities fostered a competitive but fun, spirited environment where the goal was to win or finish better than the last time you played.
But a sudden sensitivity movement made it so there could no longer be winners in Dodge-Ball, and if you pitched the ball to fast for your age you were no longer allowed to pitch to kids in your age group. And if you scored too many touch-downs in a high-school football game, your team was suspended and forfeited a win...because you were too good. And on the other side, the the bad team that would finish 2-8 for the high-school football season was suddenly incentivized to be much worse than bad, with the goal of losing by as many points as possible so they could challenge the game and ostensibly be outscored 1-million to zero and finish the season 10-0.
If a kid played Dodge Ball too aggressively, he was told to slow it down, dont make the other kids feel bad by winning. In other words, "Don't Live Up To Your Potential."
Now these kids are working in government, working at Citi, working for the news papers. And they are using these life-lessons to tell you to back off Citi for loading up its balance sheet with bad debt, don't get mad at GM for making bad cars, and leave poor Fannie Mae and Freddie Mac alone. They all tried really hard to do their best. Honday and Toyota? Sure they make great cars. Sure they build them in America. But their cars are way too good for the price and we should not help their businesses do better because the poor people at GM will be hurt.
So lets all open our wallets up one more time and make sure the execs. that flew in on their private jets aren't forced to ever fly first class. We wouldn't want them to have a bad day because of our insensitivity.
Friday, November 28, 2008
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