Tales From My Father By Charlie
Complexity is too much for the human brain, even though consequences are multi-determined to borrow a phrase from Freud. Although there is no single cause, we tend to look for a simple explanation and a simple solution. So if we want to play the blame game, we could finger Greenspan, Barney Frank, greedy mortgage brokers, sub-prime mortgages, Fannie & Freddie, the big banks, CDOs and SIVs, greedy speculators, Washington and Wall Street. Anyway here we are in this mess "Round Two.". Governments bailed out the banks, will the banks bail out the governments?
So here we are, and Charlie is angry. Do you think he is the only one? Do you think the Tea Partiers are the only ones? What did his Dad have to say? Here are the laws of the father. Here are the ten commandments
- Don't borrow
- Don't get into debt
- Never a lender nor a borrower be
- Don't overspend
- Pay off your debts every month
- Work hard
- Be innovative
- Take care of yourself, your family, your community
- Cut back
- Get a job
Since WWII, thery've called it demand pull. A house for every American and three SUV's in every garage. Greenspan thought it was fine to take out a second "home equity loan" when Charlie's father was saying, if you must borrow to buy a house to live in, pay it off asap. What happened to integrity, waht happened to civility, what happened to bipartisanship, what happened to our country, what happened to the world. Turn over any rock and you find money. Turn over any financial transaction and you find greed. "Greed is good?" Up to a point! Aren't rapacious capitalism and extreme socialism ( i.e., communism) two sides of the same coin?
Doe Charlie drink wine? I never asked him, but I wouldn't be surprised. In fact, I'll bet he he's drinking more and paying less just like in 2008-2009. Over 50 restaurants closed in Tucson in the fall of 2008. How many wineries will close this time around. Cheers!