Tuesday, November 18, 2008

Why All The Bailouts Will Fail

CNBC reports that four and one third trillion dollars have already been committed by the Federal government to bailing out the financial system. That is a lot of money. It is ultimately money thrown away.

If you give money to sailors, they will find prostitutes. If you give money to builders they will add a bathroom to your house. If you give money to lawyers they will file a lawsuit on your behalf. If you give money to doctors, they will diagnose you with a disease, then cure you. If you give money to policemen they will arrest people you don't like. If you give money to merchants, they will buy stuff cheap and put it on sale. If you give money to miners they will dig holes in the ground. If you give money to a company losing money they will lose some more. If you give money to poor people, they will buy crack cocaine and have pizza delivered. They can't help it, it's just the way they are.

If you give money to bankers, they will steal it. Then they will ask for more. They can't help it. It's just the way they are.

There is no use blaming the bankers. They are just doing what bankers do. The blame is on us, for giving them money.

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