I love this comment from the OpenCongress link:
“The government failed at running a railroad.
The Government failed at running a Post Office
The Government failed at running two mortgage companies
The Government failed at running a rescue and recovery effort.
The Government failed at running an acquisition organization.
The Government faield at running an educational system (even though it is not their responsibility)
The Government is failing at running an automobile company.
The Government is failing at promoting an economy.”
- The Government succeeded at building a railroad, the rapid settlement of the West in the late 1800s was proof of that. Cars, airplanes, etc., made the railroad obsolete and it now finds itself struggling. Welcome to progress and capitalism.
- The Post Office was a VERY successful endeavor for decades. The rise of technology (email in particular), UPS, FedEx, and DHL, has all but abolished the need for a government-sponsored delivery industry.
- The Government didn’t fail at running mortgage companies, they were victims of a broader economic crisis brought about by the loose and fast lending of other, private banks. They contributed to the problem sure, but they weren’t the sole cause.
- Rescue and Recovery effort? Acquisition Organization? When you don’t specify WTF you’re talking about.
- It Should be their responsibility, many founders thought so (including Thomas Paine), and the only thing they’ve failed at is underfunding it. Why are teachers among the lowest paid people in the country? Why are schools built 50 years ago now so hard to replace or refurnish? People are seriously trying to blame governments (local, state, and federal, all of whom, were elected by those same people) for failing to properly fund education? Then in the same breath some of those morons will bitch about higher taxes?
- Can we give them time to find the bathroom of the ALREADY FAILING INDUSTRY before we claim they are failing to run it?
- The stock portfolio that i follow bottomed out around February or March, and in the last 5 months my retirement account set up in January has doubled in value. I think the economy is beginning its recovery.