[Boomer]

Could this thread title be far more appropriate than we realized a couple of days ago?

I just turned on the television to hear some financial news. It is early so I am not sure I am even hearing this right. It sounds like there is a plan afoot to just bail them all out.

I have no idea what is going on anymore.

The massive failure by Congress to oversee regulation will not punish anybody but the taxpayers.

Each of us has seen parents who give their children no guidelines; ignore the kids' problems while they pursue their own interests; refuse to even acknowledge the existence of problems that are all too obvious; turn the kids into monsters; and then bail those monsters out of any big messes they get themselves into. Indulgent, selfish, greedy parents. We have seen a few through the years. Have we not? And now we have seen an indulgent, selfish, greedy government. (And no, I do not expect the government to be my mommy and daddy. I did what I was supposed to do. I was responsible with money. Now what?)

Somebody here used the term "Corporate Welfare." That's what it looks like to me. And we all know who pays the bills for welfare.

This picture is far bigger than just being able to make a few bucks on those rapid mood swings of the market. This is huge. We are witnessing economics history. They will study this one.

Maybe my plan for the day should be to just go spend some money.

Boomer in the Morning