Dear Reader,
From the beginning, I have been solidly against bailouts being issued from our government to any entity, credit-serving banks, and our government speaking at us and down to us as though We are not our own government. I know we’ve heard enough of this, but I’d like to point a few things out to help solidify a notion in so many minds, because it’s our notions that will warn us — not the media.
I heard a theory of mine come from the mouth of someone else a couple of days ago, and it got me thinking. It’s obvious that I’m not the only one with the notion that this country is running on credit. When placed out in the open, it seems like such a simple thing to understand, but this isn’t the way we think when our market begins to degrade and a strange media-induced panic ensues. In fact, all we were focused on when our market crashed was getting our credit back.
“Banks aren’t lending anymore!”
If banks continued lending, more people might default on credit, because they’re losing their jobs. Isn’t that amazing? We can’t support our credit habits if we’ve lost our jobs. That’s because most Americans live paycheck to paycheck, and the large majority of each paycheck goes directly to pay for credit. How sad is that? How despicable is that?
Of course banks aren’t lending anymore, and you’d better believe they won’t lend as easily in the future. They’ve realized there are consequences to securing deals with irresponsible Americans. Yes, they tempted us and pulled on our heart-strings, which doesn’t seem fair, but in very few circumstances are an individual American’s needs for credit dire.
Who’s to blame for a seemingly detrimental plummet in the real estate market? How about all of those Americans with twenty thousand dollars down on a two hundred thousand dollar house filled with furniture tacked right into the mortgage with two or three cars in the driveway and a closet full of clothing bought with credit cards?
“Bailout plans will save jobs!”
Bailout plans will waste money, and that’s the easiest way to put it. A bailout sounds very attractive, because we get our credit back, but isn’t that what put us here in the first place? When did We The People become a credit-serving bank?
This country was founded on the principal that everyone was to be treated as equal. Yes, we now understand flaws in existence even then. European men were the only ones who were allowed to take advantage of our new found rights, but we aren’t without flaw in today’s age either.
As equals, we have equal opportunity to succeed and exceed our peers. Competition is not simply allowed, it’s encouraged. Companies don’t get help from the government; they fight from the ground up along with the rest of the free world. If a company fails, it is that entity’s fault, and we do not assist it, because it had equal opportunity. The government destroys equal opportunity by bailing out one entity over another — picking and choosing as if we’ve lost even our lightest sense of equality.
It’s easy to equate a bailout to jobs lost, but we as Americans seem to be as dependent upon our jobs as we are on credit. Is that because we’re living paycheck to paycheck? Anyone in this country, the richest country in the world, should be able to survive for years without work. Instead, we grow old on credit, thanks to those paychecks, and leave our children with nothing, but now the gig is up.
It’s not about your job. It’s about a company biting the dust and about this country maintaining equality in the ideas and morals that we have always stood for. It happens, and it should not be counteracted or circumvented by anyone or any entity other than that company. That’s what keeps us on a level playing field, and it’s how we would have continued to grace ourselves with a right as equals.
True is the fact that if We The People choose to invest in a company, country, or human being, that is our God-given right. However, we must do so when we are not blinded by desire — by credit. Today, the media pushes views on us so fiercely that it’s difficult to ignore, but we must. It is our notions that will be our guiding light. Imagine that — the ability to think for ourselves.
What a terrible machine we’ve become, and how irresponsible we have been.
Let’s paint a picture together without a bailout. This picture is called, “Economic Normalization”. You see, at this moment, and before the “market crash”, we were pumped up on credit like a hateful athletic coward on steroids. Here’s the picture:
Companies fail, people lose their jobs, and thousands of bankruptcies ensue. Our largest real-estate investment entities, banks, motor companies, and others fall to their knees without an inkling of assistance. Bad CEO’s bail and thousands of workers follow. This would have been the first step of our future.
However, try not to think of this as a crisis of any kind, because so much more is happening. Though only a few, people are learning. Companies that are either too large to survive or too corrupt to save any money are giving way to a new era of organization. Perfect opportunities present themselves to do things differently, say goodbye to our industrial age once and for all, and develop more efficiently and with an environmental conscience. Some who lost their jobs go on to develop the brands and morals of the next generation instead of relying on those of the past.
Banks learn, and credit levels drop. Companies and people both learn to fend for themselves. The meaning of hard work and dedication are re-inspired as some rise above others in healthy competition. People become less dependent upon credit, and businesses only require it at the strongest levels of growth. However, when credit is used, it is done so with careful consideration and much caution.
Even cities such as Detroit might have been allowed to die and re-develop to become one of the most popular cities in the world once again. Senses of community would recur as people would join together with the intent to aid realizing, only after plenty of hard work, that there’s little need for credit dependency.
We forfeited this future, because it’s hard. Credit is easy, and so we’ll do that. We are undisciplined despicable excuses for United States Citizens. We aren’t leading the world to anything good if this is what we have to show them. Every one of us is a failure to our own kind, and sights of posh divas, whose bank owns every article they’re sporting, sicken me to the core.
I love the term “…bubble burst.”, used when describing the last two years of our market, because it describes everything perfectly. We had developed this massive bubble of credit-based everything, and we simply couldn’t support it anymore. It didn’t lead to a “credit crisis”, we were already in a credit crisis! Our big credit bubble had to pop, but not before spewing signs all over our faces.
My name is Aaron Belovsky. I am a twenty-two year old United States Citizen without a voting preference, because through this “crisis” and long before, I do not believe that either choice on the ballot is acceptable. For the record, President Obama, no government will ever be allowed to tell me how to live my life or what I should or should not do for myself on the grounds that it’s for “…[my] own good”. Mr. McCain, you’re a sad excuse for competition.
Still, I strongly believe that We The People will prosper either alone against lost leaders or with a leader who is strong enough to stand up against this country’s faults instead of defending and deepening them. It takes little to say this in my position, and I understand that, but if I were President, I would look every United States Citizen directly in the eye and answer their question with deep explanation; starting first with:
“What will I do about the credit crisis and market situation? I
will do nothing further than fight the federal deficit squandered by my predecessors and take a special interest in a strong financial education for new generations. I will not fight to bailout any corporations, tell CEO’s what they are allowed to make, or provide housing to low-income families, because that is not what this country was founded on.
I will communicate and educate the American people with hard truths. We will unite and get through this together by helping those who help themselves, We will re-build without a dependency for credit, and We will persevere to re-establish ourselves as the leaders and peaceful superpower of this world.”
-Aaron