The sky is not falling. Repeat, the sky is not falling. No need to panic or declare the end of capitalism every time the market undergoes a correction. It is my hope people will learn to exercise fiscal discipline and to live within their means. My main complaint is the government stepping in to bail out companies. Fannie and Freddie should have been left to fall on their own and not get a bailout. Corporate welfare is just as disgusting as social welfare. The market will sort itself out. The private sector has already taken measures to mitigate the impact of the bankruptcy.
__________________
"The race is not always to the swift, nor battle to the strong, but
to the one that endures to the end."
"Demand more from yourself, more than anyone else could ever ask!"
- My recruiter
|