“Significant problems we face cannot be solved at the same level of thinking we were at when we created them.” Albert Einstein

Unfortunately, at this very moment, Einstein’s admonition is not being heeded in the U.S. Capitol.

Since the financial crisis being debated in Washington, D.C. began, I felt unqualified and inadequate to comment on such weighty financial matters.  However, after reviewing the proposed plans and the comments coming from those who we entrusted to make sure such an occurrence would not occur, I feel qualified and adequate to opine.

What are my credentials?

The same those in D.C. — I’m over 18 years old, a registered voter and I was born on American soil.

Additionally, unlike many in D.C., I’ve never been bankrupt and I can balance my checkbook.

The bailout

The proposed “bailout” is about covering the collective asses of those who have been “asleep at the switch.”

The politicians and bureaucrats made politically-correct, but poor policy decision for the private sector, to insure that financially-irresponsible could borrow money at the expense of all of us who have managed to live our lives responsibly.

The policy decision was a fraud perpetrated under the guise of the “American Dream” — home ownership.

Message to America

Why bother to be responsible at all.  This is America.  Don’t worry; be happy.  If you fail, the suckers who manage to live their lives responsibly will take care of you.

Under the new form of American Capitalism there is no risk because there is no such thing as failure.

Solution?

I don’t have the answer to all the problems created by our government.  Frankly, there are too many working too long on creating them.

However, I know throwing good money after bad is not a solution.

Thanks for allowing me to have my say.  I would say, thanks for letting me “put in my two cents,” but clearly this debacle is going to cost me way more than two cents.

I confess; I’m a sucker.

C.B.