The geniuses that run Wall Street and Washington are at it again. We are now bailing out Greece. This will protect big international banks from massive defaults as Greece crumbles.  In response, the DOW opened 400 points higher to start the day and it is holding steady.

I’m sure they are all patting themselves on the back right now. They have saved the day.

What they have failed to do is fix the problem. The problem is socialism. As Margret Thatcher once said (paraphrased), socialism fails when you run out of other peoples money. What we need is wealth creation and people living within their means.  Until that happens, the problem will continue to grow.

The geniuses figure that it is wise for countries with no money to borrow money to lend to a country with no money and now way to pay it back.  These are the same geniuses that decided it was a good idea to give mortgages to people with bad credit. These are the same geniuses ran up our national debt to 13 trillion dollars and our unfunded liabilities to an absolutely scary level.

God, please save us from the geniuses.

You can leave a response, or trackback from your own site.