I recieved an email with a link to Fred Thompson explaining the economic bailout. I must say, I could write and write forever in an attempt to tell you what I think. But after watching Mr. Thompson explain it, I decided there just is not much more to say. So enjoy!
I “love” football season. There are really only two givens: 1) I like the Bears 2) I hate the Raiders – except when they play the Bronco’s. Outside of those two pillars that make up my love for football, I am pretty indifferent to the other teams. I base my love/hate attitude on a per game basis.
Now, as any sports fan (specifically football fan) knows, the owner of the Raiders, Al Davis fired yet another coach, Lane Kiffin, after a year and four (4) games. I am guessing it was because they failed to reach the Super Bowl on his first year. It seems that the players have to learn a new system every year to year-in-a-half. What a joke, surely the NFL could/should be able to do something! Lane Kiffin had the players competing for three quarters of the game so why is it hard to imagine that they wouldn’t start competing through all four quarters and maybe even winning some games? Seems to me that a new coach should be granted at least 3 years to get the team going and show some improvement and a reason to continue to be the coach.
So here is my idea (aka fantasy). Since Uncle Sam is desperate to buy troubled companies and the NFL won’t do anything about this joke of an owner/team then how about Uncle Sam bailout the Raiders? Normally I would say our government couldn’t improve anything that they touched, but how much worse could they possibly be running the Raiders then Al Davis? Who knows, instead of tax payers losing on a $700 billion bailout, maybe we would actually see a Raider bailout turn a profit. Who knows, I might even consider changing my second “given”!
I’ve been thinking, maybe we should let these companies collapse. From what I can tell, its going to be rough for all of us if we bail them out and it’s going to be rough for us if we don’t. So what’s the positives if we “LET ‘EM BURN”? Well the way I see it, it will teach some of them a lesson and it will teach some in our congress a lesson too. It might even teach the foreign countries that are heavily invested in us a lesson as well (they might be slow to reinvest). Heck it might even help change the balance of power from the foreign countries to the U.S. investor / worker all in one swoop. It might even help the misery from this all to end a lot sooner instead of being dragged out for the next few years. Oh, and it will keep from having a bunch of pork barrel spending added onto an already outrageous $700 billion bailout package!
Just my 1/2 cent opinion on the matter.