Maybe I’m an anarchist, an economic anarchist, maybe I’m a deconstructionist, maybe I’m just plain irrational. Whatever you want to call me.
But I think the bailout, that the House is voting on today, is a bad idea.
I don’t buy into the fear media — when I see this much of a concerted effort done in parallel by multiple colluding entities, I smell something stinky. They say that the stock market will come crashing down (“Just look at what happened when the bill failed on Monday! Why, that was the most number of points lost in the history of the stock market!” — Nevermind that the actual percentage drop was a far cry short of the 1983 crash or the crash leading to the Great Depression), but is this really a bad thing? Sure it’s out of our comfort zone, falling from the status quo, and people are afraid of the unknown.
But you know what? Even if they were right I wouldn’t care. I don’t think radical change comes without a cost — and this country’s economy & government need radical change (IMHO). I realize that our economy may be hurting for a while, heck perhaps the GDP will even take a nosedive for a while. Maybe every single worst fear of those Wall street pundits & media Chicken Littles will come ABSOLUTELY TRUE and our economy ultimately collapses.
I say great. Let it shake its death rattle, squeeze out its final involuntary bowel movement, and slump over into a flabby mass of flabbily pork-filled flabness with flab on top.
Then let’s re-build as wiser, more experienced citizens.
I will accept the fate of economic hardship that happens in the interim because I see it as a growth process. Honestly, and take this with a proverbial I’m-an-armchair-economist grain of salt, I think we’re headed towards a crash someday anyways. Our spending habits, economic policies, and consumerist views are not sustainable positions. Something’s gotta give, and from the looks of it, it’ll either be us or our economy.
I don’t mean to be a doomsayer — but I believe that bailing out Wall street isn’t a sustainable solution. We’ve got a pretty good infrastructure in place and a lot of smart people here — we’ll bounce back.