I suppose Jan and Dean will be having a farewell party for their little GTO. It seems Pontiac is headed for the scrap heap. Well it is probably time to stop making the same cars with different taillights. The same might be true for Ford Mercury. Maybe it's time that we as American's stopped needing our cars to be a little different to make us feel a little more individual. Maybe it's time we did the big brother thing.
No wait that's why our country was the world's leader in so many things. We were a population of non conformist and malcontents. We were always looking for ways for the individual to stand out.
I said were because the future is up for grabs. We my well be headed for the long gray line of people dressed the same, thinking the same, and waiting for our daily soylent green ration. Lets hope not.
Let's hope we come through this with our country still the place for innovations based on greed. A few people do things for purely selfless motives, but not nearly as many as those who do things to better their own lives and in the process better all our lives.
There is no need to explore what happens when the government tries to run the economy. Take a look at the old soviet union to see it. Lets not cause a huge failure by trying to prevent a smaller one. Let's not create a catastrophe just to prevent some market adjustments. I know this is a huge deal just now but lets not create a monster that is going to eat us all.
Please tell me you don't really believe that the banks didn't learned a lesson without professor Obama having to teach it. The banks are struggling to survive, trust me they learned something about making shaky loans. Now the government is trying to convince them to make more shaky loans. The government wants the same people who investing in arm mortgages to have access to more credit. That is just crazy.
A family about to fail because they were a bad credit risk last week, is not a better credit risk this week. The business that can't stay afloat because the economy is bad, may not be able to stay afloat long enough to pay back that loan. Do we really want the government to decide who our banks lend to. If they decide guess what, the banks become an extension of the government. Is that what we want.
I think that people who had Arm loans got them because they could not afford conventional loan payments. So the government convinced the banks to renegotiate them. Instead of all failing at once, they are going to spread them out over a couple of years maybe. It's a shell game guys.
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