Thursday, July 2, 2009

So now California is "too big to fail" according to the government. What a terrible precedent they set when they allowed any institution to classified as such.

There's a reason that one of the definitions of failure is "a condition of being bankrupt by reason of insolvency." Hmm, what's that sound like? Oh, how about a dozen financial companies and a half dozen states.

Make them feel the pain of recovery. They are the ones that screwed themselves up. Let them fix it. When you continue to bail out people who make the same mistakes over and over and over again, they simply don't learn. Why is that? It's because there is no penalty for them.

If I said, "Hey, I want a new car. Let's charge it. Oh sorry, I can't afford that Rolls Royce anymore. I'll tell you what. I'll keep the car, and you can bail me out. How do you like that plan?"

How do you think that would go over. I think the answer couldn't be more obvious.

For the last time: NOTHING IS TOO BIG TO FAIL!

Wednesday, July 1, 2009

According to this article in Forbes, if you're a married couple with 2 kids, it costs more for you to live in Cleveland than it does in Chicago. Does that strike anyone else as odd?

Other cities that it's cheaper to live in include Orlando, San Antonio, New Orleans, Las Vegas, Austin, and St Louis.

If that's true then it's no wonder that people are leaving Cleveland in droves. Not only does the weather suck, but it's apparently expensive to live here.