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Blog Directory Del's Perspective

Thursday, February 19, 2009

I am a true believer in the Capitalistic System. In fact, I am of the belief that a great democracy cannot be sustained without it. Of late, however, I feel as though I am living the ground hog-day-everyday sans Bill Murray, scenario. Add in the old "Fool me once, shame on you..."adage and I see the Capitalistic System in the new version of the Gilded Age. Totally corrupt!

The POTUS (the Prez) sent out the new housing proposal yesterday, and it was met with underwhelming glee from we the citizens. Perhaps it didn't achieve uproarious applause because the average Jane/Joe saw it going to the very people who got us in the messy morass in the first place.

Of course I want the Prez to be successful because if he is, then all of us will be better off. To give you an idea as to why I want this success to happen in nano-like speed is because here in Oklahoma 1 in 5 children live in poverty; can you imagine what the number will be when the huge lay-offs come rumbling through the factories, the oil patch, and the service industries.

So, we definitely need a stimulus package if for nothing other than saving millions of other jobs. My problem with all of it is simple: we keep giving buckets of money to the very people that created the problem. It's like asking prison inmates to design a better penitentiary.

The auto industry is a completely different beast. At least the market produces something of value. I "get it" when the auto execs are intransigent and refuse to conform to the demands of the consumer; the execs don't "get it" and drive the market under water and, Congress doesn't "get it" when they complained that the execs flew to Washington in corporate jets. How stupid is that? Wouldn't one want the CEO of a billion dollar corporation using his time as wisely as possible (such as flying) instead of forcing him to waste valuable hours driving to the Capital.

It is all about the kids. It all about the blue collar worker busting h/her ass to put food on the table. It is not about a bunch of corporate white shirts who are dreaming every night about how they can stiff the taxpayer out of more golden parachutes.

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