Feckless Gov

The inverse of "too big to fail" is "too small to succeed" which seems to be apropos given what the U.S. government has been up to recently.

This humble blogger suggests that what really needs to fail here is the biggest one of them all, the U.S. government itself. Maybe the "failure v. size" thesis needs some modification?

The self employed are "too small to succeed." Confiscate what they have.
AIG, BofA, Fannie Mae, Freddie Mac are "too big to fail." Bail them out.
The U.S. government is "so big it should fail." Nah, start another program.

But seriously, the question must be asked, "who bails out the bailer outters?"

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Consumer debt EQUALS GDP these days so remarks such as "credit is the lifeblood of the economy" are not entirely accurate. What follows, "we need to get the banks lending again" is also an over simplification. The system currently in place has lead to this malfeasance and it's time for it to stop.

When it does, one would assume gov's confiscations will also stop, and that everyone will get paid under the table. You know, like the drug dealers do.

The drug dealers seem to have built a pretty good distribution network, unencumbered by taxation, while we pay taxes to try and chase them down, to try and incarcerate them. I wonder if the drug dealers are "too big to fail?" I wonder if they will survive the collapse of gov?

Crank of America at $1.50/share? BUY!
DopeCo at $1.75/share? BUY!
Crackie Mac at $2.00/share? BUY!
Methie Mae at $2.25/share? BUY!

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The operation that was "too small to succeed" will, in fact, flourish, for it is that operation that actually DOES something in this world. Going up and up the hierarchy, where you reach top elected officials, the Wall Street crowd, et al. results in a clueless class that operates solely in abstractions.

The clueless class benefits only if they can maintain the status quo. A status quo that, everywhere you look, seems more and more like a Madoff Ponzi scheme.

Ponzi scheme? I'll give you a Ponzi scheme, it's called Social Security. Social Security is the mother of all bailouts and is also where this is all heading. China will VETO that bailout, and the U.S. will fall.

Let's just get it over with...