Ferrari Mailing List: Latest Govt Action

[LarryT (l02turner]

    What follows has nothing to do with Ferrari's or even normal cars - unless 
you see the nonsense the govt is doing as severely limiting future financial 
income which will affect people ability to buy and maintain gorgeous Italian 
machinery!  

    If this is beyond your threshold of pain at the moment, hit the delete key 
now - 

    OK, Time to vent, I'm just a simple little guy - watching all these major 
companies being pushed and dragged into Chapt 7 by govt regulations, poor 
management or criminal activity - perhaps 1 of these or all 3

    Yet the govt uses *my* tax money to save them.  What? Why?  Sure, they 
employ people - often lots of people yet keeping a poorly managed/criminally 
managed/govt managed company kept going by pumping more or *my* money into it 
to ostensibly save it.  WTF? Let'em die.

    Banks and brokerage houses go out of business or get bought almost weekly!  
And the world doesn;t end - same for insurance companies - some come, some go.  
Life goes on.

    What am I missing?  I hear the govt has been pumping money into Fannie and 
Freddie - 2 more semi-govt companies being run into the run by govt regs 
demanding loans be made to people who cannot afford to pay the loans back - yet 
these companies are getting ~$800 Billion of mine and your hard earned dollars! 
 The same govt that created the problem is throwing more money at it!  We keep 
getting shoved farther and farther into the failure that is spelled 
"Socialism".   

    All this money being thrown around pushes us farther into debt - my dad 
told me long ago you don't get out of debt by going farther into debt!   The 
worst thing that ever happened was when Chrysler successfully remained in 
business and paid back the govt loans - setting the precedent for others to 
follow - but naturally the others fail.  I suspect neither of the top 
contenders can spell "Economics".   (Correctly, that is.)

    And the clowns in the beltway think the govt can run the 
companies/industries better?  Are they crazy?  All that does is provide deeper 
pockets for the crooks to reach into - just like the money we send to foreign 
countries - it seems to seldom get used to feed starving people - it ends up 
buying villa's in the south of France for the top few crooks!  I must admit, 
Isreal seems to be the exception - they use the money to buy things to protect 
themselves.  At least that's my perception.

    Sorry to go so far off topic -- I hope no one was offended.


Take Care,
Larry T
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