POLITICS,... Oh Crap There Goes The Economy!

Financial Meltdowns, Banks Collapsing, CEO's Running With The Money, and all this before breakfast.

By now even those who don't work in the financial industries know that our country is in a whole heap of trouble. All of those financial industries collapsing and 700 Billion in bailout's can only mean one thing.... Time to tighten the belt.

"We are not affected by the bailout, or the financial problems,. just big companies are" - that was a quote from a friend of mine who for his safety will remain nameless.

It just goes to show you that no matter what there are always people who want to deny that there is a problem. -- Did I mention he is voting for Obama?

There is a problem, and it stated when the government got involved with the economy in the first place. Some of these issues are even left over from how we came out of The Great Depression.

Free Market Economy has rules:
rule #1 - Competition is good
rule #2 - IF you screw up you get taken over
rule #3 - Never let a 3000 pound Gorilla Government mess things up.

Whenever the government steps into a situation to try to bring "Balance" they inevitably screw up the market, and it takes longer for the market to recover and reach that "Balance". Now we have a problem though, the more the government gets involved with the Economy the more often it has to get involved again.

If you let companies grow and fail on their own they default into the hands of their creditors. This is a good thing to happen, it promotes growth, it stimulates more competition, and it creates more jobs. This is how small companies become larger companies, they eat up the competition. If a company is facing bankruptcy and they happen to have 4-5 offers on the table(like AIG did) they should take one of those offers, NOT be bailed out.

Yes there will be a period of recovery, and yes it will be difficult for a while, BUT,.....That is Free Market Economy,

So get out of the way and let the chips fall,......