Economic Band-aid

I have a strong respect for billionaire investor Warren Buffett and I agree with one of his quotes when he told his shareholders a few years ago: "If they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful." Investors, who at heart want to make money and make it as soon as they can, are the ones that can hurt the economy. The purpose of the corporation was and still is to generate profits for its investors (shareholders) which is not a problem for me because I am one of those "investors". Economic's chief purpose is to discover and refine just and means of creating, distributing, and consuming wealth to overcome poverty and to increase the material prosperity of people. In the United States, work ethic in form of stewardship and that economics are called for efficiency and productiveness of common sense and a strong sense of disiring to be a good steward of taking care of the country's citizens. America's attitudes towards money should be in their conviction that money is a social good, not a private possession and that the economic main purpose is the welfare of everyone in society, not the personal pleasure of the person who happens to have control over it.

At the same time, those who got greedy which lead them to trouble in the housing markets as well as subprime loans. I agree with John McCain's policy with his quote: "it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers."

In my own opinion, why should we reward bad investers and borrowers by bailing them out when the wiser investors and borrowers who gets no rewards other than being non-greedy and wiser? I will not count those who lost their jobs or their health caused them to spend more on their health care because they are not at fault. I am talking about those who invest and borrow unwisely. Also, we need to punish "predatory" lenders who lure people into borrowing out of their reach.

We live in a country that is "you're-on-your-own" situation as today's commentary by George F. Will: McCain's bailout minimalism is a maximum advantage. I will always remember Benjamin Franklin's quote “The Constitution only gives people the right to pursue happiness. You have to catch it yourself.” Throughout the Old Testament, there were lists of people who were wealthy and in fact the Book of Proverbs wrote who we use our wealth. Economic system is stewardship. In this country, people have equal opportunity to be successful but not everyone would be successful.

Whenever we face financial problems in this world, we need to understand that there is not one "economic system" that will solve anything. Even as much as they try, not one "Government system" will be able solve anything. My final thoughts on the political economic system: I have said before and I will say again, economic system is NOT the problem, its PEOPLE and their attitudes.

Last week, I have made some changes in my investments as well as my spending. I am taking the responsibility for my part of helping the United States economic situation.

I just can't do this alone.

Recession and upcoming elections........

Whenever we face financial problems in this world, we need to understand that there is not one "economic system" that will solve anything. Even as much as they try, not one "Government system" will be able solve anything.

We human beings who are sinners have the nature towards greed and exploitation. That's a fact. Economic's chief purpose is to discover and refine just and loving means of creating, distributing, and consuming wealth to overcome poverty and to increase the material and spiritual prosperity of people. In a sin-filled world, economics—like all other activities of life in this world, cannot be perfect.

While I know some who are unemployed that are no fault of theirs. Therefore, I can't judge.

However, I do agree that there are people who rely on government alone for $$$ and that needs to change. In America, we are to find ways to earn money while getting help from the government, not taking money and not doing anything. I will always remember Benjamin Franklin's quote “The Constitution only gives people the right to pursue happiness. You have to catch it yourself.”

I have been voting for 30 years and I have seen past recessions. We are in in a different decade and there are different issues will be the remaining factors of why today's problems are different from the past. I just have to remember that God is the have the complete control of everything. I don't worry about the "results" but I do worry about the politicans' and president's behaviors which determines my choices of parties and persons in the future. Politicians and lobbyists are the main problem, in my personal opinion.

Quotes about Politicians and Government

"The problem with politics isn't the money; it's the power." -- Harry Browne

"The problem isn't the abuse of power; it's the power to abuse." -- Michael Cloud

"Giving money and power to the government is like giving car keys and whisky to teenage boys." P.J. O'Rourke

"The more you read and observe about this Politics thing, you got to admit that each party is worse than the other. The one that's out always looks the best." Will Rogers

"A politician is just like a pickpocket; it's almost impossible to get him to reform." Will Rogers

"Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first." Ronald Reagan

"A famous French economist by the name of Frederic Bastiat once suggested that when social policies turn out to be harmful to the citizenry, it is because politicians often react to economic problems that they can see, without any regard for the unforeseen consequences of their solutions to those problems." -- Jack Chambless

"Politicians, like bombers, seldom see their victims..." -- Donald Boudreaux, in his article, "Losing Touch".

"This Congress is out of control and in desperate need of adult supervision." -- Rep. Jeff Flake

"Practical politics consists in ignoring facts." -- Henry Brooks Adams

"Most politicians believe in just one thing -- winning elections. They'll say anything to get in office and stay there." -- Harry Browne

Why Republicans losing members like me?

If there are Republicans for whom influence or power or money have become more important than serving the public and the nation, then let me make it perfectly clear: We don't want you. —Ken Mehlman, outgoing chairman of the Republican National Committee, in his farewell address today at the RNC's winter meeting

Related Sites:
I Am Leaving the Republican Party

Will Republicans Destroy Themselves Before They Destroy America?

The Future of the Republicans

Why I Just Left the Illinois Republican Party

Exodus of House Republicans in Ohio

Wave of Party Switchers Hits Republicans

Comparing Liberal, Conservative, and Libertarian Answers

Here are some frequently asked questions about political issues. Each question is followed by a short, typical response from a liberal, a conservative, and a libertarian.

Source: Advocates for Self-Government

Tees and Bumper Stickers for Political Moderates

This site offers political t-shirts and bumper stickers for those of the moderate persuasion.

Poltical Quotes

"Be not intimidated... nor suffer yourselves to be wheedled out of your liberties by any pretense of politeness, delicacy, or decency. These, as they are often used, are but three different names for hypocrisy, chicanery and cowardice."-John Adams

"Any man who is under 30, and is not a liberal, has no heart; and any man who is over 30, and is not a conservative, has no brains."-Winston Churchill

"Political correctness is simply tyranny with manners."-Charlton Heston

"Ammunition beats persuasion when you are looking for freedom."-Will Rogers

"Federalism sometimes restrains you from doing things you want to do. You have to leave the job to someone else – who may even choose not to do it at all. However, if conservatives abandon this valued principle that limits the federal government, or if we selectively use it as a tool with which to reward our friends and strike our enemies, then we will be doing a disservice to our country as well as the cause of conservatism."-Fred Thompson