Flavor Flav Had it Right

Jason — Wed, 26 Nov 2008 18:06:44 +0000

The Flav said it best, “Don’t believe the hype.”

Once again the retards in Washington D.C. fell for the hype, or are going to use it as their excuse. The new mantra is that it is better to do something than nothing. Of course, observing is not considered doing “something” by people who don’t have any balls. We “need” this and we “need” that and after allocating $700 Billion and more like 10 times that when you factor in the mostly unknown and unpublicized “backstopping” or guarantees the Treasury has doled out (THANKS HANK!), nothing has changed. Yeah, the people in the media regurgitate some BS rhetoric on a daily basis, but things have actually become worse in my estimation.

Here are some good quotes:

“Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.”
- Albert Einstein

“Touch the paper once.”
- Ron Fletcher

“Insanity: doing the same thing over and over again and expecting different results.”
- Albert Einstein

“The hardest work of all is to do nothing.”
- proverb

My point here is that there are times to act and there are times to watch. Acting in haste is rarely an acceptable and smart way to go…unless someone’s life is in jeopardy…certainly not the case here. At the end of the day, excess leverage (in all aspects of our economy) is to blame for where we are. The real estate markets…15% to 20% appreciation year over year IS NOT NORMAL. Borrowing to fund your daily operations, ie Commercial Paper, is NOT SMART/SUSTAINABLE. Borrowing from others to put more cash into the same system is the definition of insanity. No? What has it accomplished? Assets of all kinds are still severely over leveraged…that has not changed. All this has done is stolen money from the taxpayers and weakened our entire system even more. If we are lucky, it will only be another tax on us.

Don’t believe the hype.

Jason Golod Blogs » Bailout

Flavor Flav Had it Right

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