Bail Outs = Bad News

July 9, 2009

There is only so long an individual can let something bother them before they have to bring attention to it. I tell you over and over that I really do try to stay away from religion and political talk as best as I can.  Enough ‘things’ have happened with government and in the political arena over the last year and especially the last few months, that it does have, and is going to have, a huge impact on the ability of individuals to have financial independence.

What has happened is that with everything going on at the federal level and then even at the state and local level, we have lost control to an extent.  Two issues are especially significant… Cap-and-Trade and government intervention into the health care sector. While there is no doubt that there are problems with our health care system, I’m not so sure that having Big Brother step in and ‘bail them out’ is really the best solution.

One thing that truly aggravates me is that every time you hear someone complain about a policy or disagree with government/private action, you never hear that person offer a solution or an alternative. They tend to be ‘arm-chair quarterbacks’ that sit back and offer up critiques without every really contributing any value to the cause. This is especially frustrating to me personally because I am an elected official, and  I deal with this on a daily basis. If you are going to complain or talk negatively about an issue, you should be ready to offer up alternatives that validate your point and improve the overall situation. So, in the show today that is exactly what I try to do.

As you listen to the show, I share a personal experience that I feel is a very accurate representation of how the government sometimes does not handle its responsibilities in the best way possible. The example I share actually involves the 2009 stimulus and how, because of government intervention, a portion of those funds didn’t do what they were originally designed to do. Rather, they served as a pseudo-bailout, not an economic stimulus.

Then, I again draw on The Millionaire Next Door and attempt to show how the traits of  successful individuals and employing practices that make individuals successful are strikingly similar to the processes and decisions that can allow countries, economies, and governments to be successful. Not only do I share these practices that both individuals and countries can employee to have success, but I also read and offer up some solutions to problems such as our current health care system.

I’ve said it time and time again. We are trying to start a movement that can not only lead individuals to financial success, but can also take this country to heights that it has never been. If you have ideas, comments, or solutions to current problems, please share them! We want to know what you think, and we want this show to become a conduit for great ideas to better the masses!

Also, check out this article and play around with Microsoft’s answer to Google, Bing!

MP3 File

FILED UNDER: Featured, Podcasts
TAGGED WITH: economic policy

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