We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Let’s get to the bottom line: Those claiming that their industry is too big to fail are those who are failures, failing in their basic responsibilities to plan, manage and innovate, most often accompanied by rewarding themselves with high pay and perks.
In the 1980’s, many large corporations were acquired by vulture capitalists, broken up and otherwise disposed of. Yes, hundreds of billions of dollars were sometimes wasted on acquisitions that proved worthless, except to the wheelers-and-dealers’ fees, although in far more cases reorganized leaner and meaner competitors emerged.American industries, and those who wanted to keep their jobs, were forced to adapt if they wanted to remain viable.The American economy prospered anew. Many millions of employees were dislocated, struggled, but American unemployment was at new lows as new opportunities were created.
Those lessons, like most, need to be relearned anew with each generation.
Today’s “too bigs to fail” are the US auto industry, state and local governments, and giant financial institutions.What do they have in common?Huge contributions to politicians, tilted heavily to Democrats.Also, in the case of car makers and government employees, the last redoubts of big unions and their huge contributions to politicians.
What do we have to show for it?Still, poorly rated cars from GM and Chrysler that fewer consumers want.Burgeoning employment by governments, while the private sectors’ employment shrinks, coupled with higher taxes to bail out deficits largely traceable to public pensions. Greed on Wall Street, spurred by government policies toward favored constituencies, that hides risky investments and then passes the liabilities on to taxpayers.
Meanwhile, we are told by those who presume to be our betters that these industries are too big to fail.BS.They have failed, are failing, and will continue to fail as long as they are insulated by protective regulations and bailouts.
Meanwhile, taxes are raised and to be raised on those most productive and small businesses that actually are the main creators of new jobs.
Today, April 15, is Tea Party Day across the country. Tea partiers are a diverse lot (actually better educated than most) united by resistance to government expansions into our personal lives and pockets at the cost of our future.Last July 4th, there was one event in San Diego.Today there will be a dozen, and the newspaper has published their places and times.Similar is occurring across the land.
Take your stand, or be knocked down by the biggees.
Thanks for the update and the link, Bruce. As always, I appreciate your comments on this site.
Did anyone read the "highlight" (most recommended) comments at the NYT link? WOW! I'm left absolutely BAFFLED by what people don't get about the core idea behind the Tea Parties. ANYONE can quickly find the budget forecasts for the US and track that to the national debt to be accumulated in the years ahead. The color of cash (or more precisely, the distinct absence of cash) isn't about race. Why don't people understand this? (Please, someone explain this to me.) Of all the options to mitigate the debt: (1) default, (2) inflate our way out of it, (3) slowly pay it off, and (4) grow (by innovation, economic expansion, etc) our way out of it: options 1- 3 are BAD not just a little bad - but really, really, really bad. And despite all the rhetoric about "green jobs" I don't see us making huge strides along route (4), right now. (Is this the disconnect? Am I being pessimistic? Are the antagonists of the tea party ultimately confident that we're cruising down route (4)?)
Anyway, I seem to be on the on ramp to ranting. But seriously, if anyone has any insight into the extreme opposition to the tea party (as seen in the "highlight" comments on the linked NYT article) - I would be very thankful for imparted understanding.
P.S. The NYT does an EXCELLENT job of cherry picking quotes, no? And what's with their obsession with Sarah Palin?
Just got back from the Tea Party rally held on the grounds of our State Capitol. Very inspiring, tons of people there from every walk of life. Tons of people waving American flags.
Saw one of my doctors (there were a lot of doctors there, a bunch of them wearing white coats so you know what doctors REALLY think about Obamacare), and a lot of other people I knew from all over the place. Lots of kids and families.
Everyone exceptionally well behaved. There was ONE, count him, ONE, Capitol policeman monitoring the crowd, and basically he was having as good a time as everyone else. Obviously our local police don't buy all this nonsense being spun about Tea Partiers as "Haters."
And the best thing was that there was basically non-stop horn honking in support by virtually everyone driving by. Our legislators, who are in the process of trying to raise every tax they can, have to be looking out of their windows and freaking out now. They were all basically hiding in their offices.