Sunday, April 6, 2008

IT'S NOT MY FAULT

If you wonder why I said in my last post, “I hope that the thoughts in the movie never die out.” below is a link that helps explain my pessimism. Do people want to live up to the responsibility of freedom or just give it all to government? (Accepting the consequences)
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http://www.ft.com/cms/s/0/b57fd73a-0273-11dd-9388-000077b07658.html?nclick_check=1
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Here is the crucial snippet from the article
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By Christopher Caldwell
Published: April 4 2008 19:30 Last updated: April 4 2008 19:30
This week’s New York Times/CBS poll, which showed Americans more pessimistic about their country’s prospects than they have been in decades, yielded a puzzling figure. In the midst of a spreading credit crisis, barely a quarter of Americans (28 per cent) blame the banks that made bad loans and even fewer (14 per cent) blame borrowers. A big plurality (40 per cent) blame government. It is hard to know how to read this sentiment. Maybe regulatory activism has come back into vogue. Maybe Americans are clinging to their view that there is no social predicament so dire that government intervention will not make it worse
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Common Sense tells me the borrower and the lender are the culprits. If push comes to shove I would say that buyer beware is still the operative thought.
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Regards, Live Dangerously Be A Conservative.
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Barry Goldwater
“Never forget; There was only one freedom on which this country was founded, that was freedom from government.”

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