Archive for 29 Sep 2008

Bail Out Crushed… for Now

Posted: 29 Sep 2008 in Politics

And now, for something on the lighter side:

Sometimes you just can’t argue with good ol’ Texas logic.

While suturing a cut on the hand of a 75-year-old Texas rancher whose hand was caught in a gate while working cattle, the doctor struck up a conversation with the old man.

Eventually the topic got around to Obama and his bid to be our President. The old rancher said, ‘Well, ya know, Obama is a ‘post turtle.’

Not being familiar with the term, the doctor asked him what a ‘post turtle’ was. The old rancher said, ‘When you’re driving down a country road and you come across a fence post with a turtle balanced on top, that’s a ‘post turtle’.

The old rancher saw a puzzled look on the doctor’s face, so he continued to explain.

‘You know he didn’t get up there by himself, he doesn’t belong up there, he doesn’t know what to do while he is up there, and you just wonder what kind of a dumb ass put him up there in the first place.”

At least there is one that still has a clue.

This is from Michelle Malkin’s site:

Hensarling: “If we lose our ability to fail, we will soon lose our ability to succeed.

Thank you, GOP Rep. Jeb Hensarling, for defending core conservative principles:

Congressman Jeb Hensarling (R-TX), Chairman of the House Republican Study Committee, today issued the following statement on the agreement reached by House and Senate negotiators on the Paulson plan, and his intentions on the final bill:

“My top responsibility as an elected official is to protect the families and people who trusted me to represent their interests in Washington. I do not take lightly the critical nature of the credit crisis that our capital markets face today and the grave situation that every American will face should our credit markets freeze and remain frozen. Inaction has never been an option, but the Paulson plan should have never been the only option.

“In my heart and in my mind, I believe that this plan is fraught with unintended consequences, would force generations of taxpayers to pick up the tab for Wall Street losses, and could permanently and fundamentally change the role of government in the American free enterprise system. Once the government socializes losses, it will soon socialize profits. If we lose our ability to fail, we will soon lose our ability to succeed. If we bail out risky behavior, we will soon see even riskier behavior.

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Thank God that the latest bail out BS has been crushed.

I’ll do more on it later.

Right now though, it is a victory for capitalism.