Oh the hypocrisy!

So far this week Lehman Bros., AIG, WAMU, and Merrill Lynch have all undergone what is being called an economic crisis. I have to agree with that statement, and I also agree that more will still fail or be bought out in the coming weeks and maybe montsh because the market still has 18 months until it really starts to rally again. The business world and wall street financials especially are suffering from something that they themselves created. The housing crisis which was caused by banks taking on mortgages that they knew would eventually fail, is responsible for all of this. So how do we solve this crisis that not only has slaughtered the housing market, but virtually all aspects of the economy?

How about a housing credit to all new home-buyers to help them get back on their feet just like Gerald Ford did in the late 70s and was castrated for at the time. How about a cut in interest rates by good old Ben Bernanke because in his Princeton educated mind he must realize that something needs to be done. How about the SEC actually does its job and enforces the rules it wrote for itself to help protect companies and all those with money in the market.

Instead, the government (which the last time I checked is still capitalist in nature) has decided to either just let companies fail or bail them out for the bargain price of $85 billion. This country was formed on the notion that business could thrive as long as the government stayed out of the economy. However, in this day and age that only means that in good times the government should leave the economy alone, but when the good old boys that run these companies screw everything up because they can't see past their bonuses they come crying to the government. Bailouts!!!! This is not the Soviet Union, this is Adam Smith's dream of a democratic capitalist nation. But when the business world makes its own bed, the government has to jump in with the economy and make things even worse.

My message is that this country needs to wake up and realize that "Reaganomics" or trickle-down economics does not, has not, and will never work. The only way to revitalize the economy is to help out those at the bottom and it just so happens we are at the perfect time to do so. We can't rely on Whitless Ben because his favorite thing to do is to perpetuate the status quo. So, just in time for the holiday season you enact a new stimulus giving people money in their pockets that without a doubt will be recirculated into the economy. No more bailouts, no more economic intervention, and no more relying on trickly-down policy. If the general public is energized for the holiday season the economy will rebound like to economist could or is willing to predict.

Won't happen, but there is always hope.