Burgeoning Bailout Balderdash
The lamestream media told you:
Experts say our economy must be retooled. Economic leaders are meeting to discuss how to save the economy. The auto industry must be bailed out and saved so it can operate, say insiders. We need more hundreds of billions of dollars to save the planet, or the country, or the economy, or something. We might need more money after that.
The Uninvited Ombudsman notes however that:
Top-down thinking of the kind being featured on the front pages of all American newspapers is contrary to capitalism and the American business model. People who think they can sit in a office or at a meeting with other like-minded individuals and make accurate and workable rules for running industry or “an economy” are fools of the worst order. The media apparently did not get that memo.
For all the reporting about sums that are too large for any human being to comprehend, there is almost no news on who exactly should get the money, why the number is 700 instead of 800 billion, no loooonng lists of firms that would get checks of your money, exact controls over the funds, any semblance of oversight, just nothing meaningful besides big numbers and wild speculations that don’t match each other. The dam has burst, every firm with teams of lawyers and accountants is bellying up to the trough that overfloweth.
The only people who can run businesses are the people who run businesses. The daily grind of making decisions based on on-hand information, supply and demand, workfloor data, buying trends, available goods, competitor activity, are business managers. This something no politician can do. Even if they have hope. Most don’t even have business experience of any kind.
If you want to fix “an economy” you need businesses that can grow, provide jobs, and do the things that make business work, not hand-out money confiscated from taxpayers to businesses that aren’t running right. I have to tell you this? And taking money from the people, so you can hire unemployed members of the people (like Obama is promising to an undefined 2.5 million people) is not only flat-out socialism, it’s beyond stupid because there’s no way for that to work. A dog that eats its tail gets no net nutrition.
The only sure-fire methods for boosting “the economy” requires doing things that boost the economy:
–Develop a new product or service that everyone wants and sell gazillions of them
–Develop a new product or service that works much better than an existing product
–Develop a new product or service that costs much less than en existing product
–Develop a new product or service that works much better than an existing product or service — at the same cost, a lower cost or a greater cost
–Find an unfulfilled need people have and fill it
–Provide and existing product or service faster than an existing product or service
–Sell your existing products or services at prices well below what your competitors sell them for
–Sell your existing products or services to entire markets that can’t get them now, say, in Africa, or Asia.
–Create a demand for a product that people didn’t know they wanted until you created the demand
News media didn’t get that memo either, and continues to call for “leaders” to travel and eat expensive meals while sequestered with each other in meetings, and issue press releases after the meeting, before meddling with people who are running businesses and providing real jobs, goods and services.
| More from Alan Korwin
Stumble It!
November 30th, 2008 at 10:21 am
There is another way to look at these bailouts.
Of course, anyway you look at them the taxpayer is getting screwed, but the bailouts could be seen as businesses getting their money back in advance of an elected administration that is sure to cost these same companies billions in increased taxes over the next four to eight years.
Every single mom, lawyer, doctor, public servant, underemployed or underpaid worker, will be lining-up at the public trough, until people get sick of it, and vote the other faction of our circus government back into power, only to rediscover, that that wasn’t the answer before, and it won’t be the answer at anytime in the future.
The citizens are being treated like lowly prostitutes, by the cons running Washington, and they’re not well informed enough to realize it. They believe mainly what they’re told by the hired guns in our media, even though instinct tells them something isn’t quite right. I don’t mean to be overly critical of people because we *all* share in the responsibility for allowing this to happen.
Hopefully in 2012 we will be able to break the vicious cycle of electing Rinos and Dinos, by putting people in the Whitehouse, Congress and Senate, who will return us to our roots as a strict Constitutional Republic.