Saturday, November 22, 2008
It's a Mad, Mad, Mad, Mad World
I'm really basking in the glow of global warming; aka climate change, aka crapola. It was 16 degrees this morning. I was hoping to fence the patio in for Bo, but they can't pour the cement footers till it's 34 degrees.
On a lighter note, gasoline is $1.80/gal. This collapse in the oil market is ominous. The only business that's doing well is the Somali pirates. The reemergence of piracy was featured in Atlas Shrugged (circa 1957). The bail-out-mania that has swept Washington is just another collectivist tactic to reward failure. What Detroit needs to do is make a car that people want to buy at a competitive price. The U.S. auto industry is doing just fine in the south; it's only the Michigan/UAW auto industry that's failing. A trillion dollar bail out for Detroit would only sow the seeds for a second civil war. The first civil war wasn't only about slavery, it was about the north treating the south like a colony. All these fixes and bail outs and stimulus packages will only turn this recession into a full blown depression. The bright side is that we won't have to watch all these Christmas commercials for the Cadillac Escalade.