Thanks to our Wall Street Financial VP for sending me his comments to a local newspaper where he has been published numerous times. The letter below highlights so many problems but I am drawn to his call to the hapless Wall Street demonstrators that he walks past every day – calls like so many I have made in my lifetime – to help the very helpless.
Dear Editor,
This morning I read 2 interviews with Wall Street demonstrators that exactly expressed this sentiment that government should do more. Instead government should do less and allow our capitalist economy to grow in the U.S. Are we oblivious to the turmoil in Europe due to their failed experiment trying to grow the economy primarily via the public sector?
Perhaps there is some truth in President Obama's comment that over the past 2 decades Americans have gotten a little soft. After all in 2 decades our obesity rate has increased from 17 % to 34 %. Many Americans opt for quick easy fixes such as crash diets which rarely work. Sensible diets plus rigorous exercise work best but take some effort. In same way quick fix stimulus programs mainly just add to our debt. Also despite clear indications 2 decades ago that technology jobs were a wave of the future, many college students chose easy courses and now pay the price. I have been in Wall Street IT for 28 years and note that if it were not for many green card Asians, the U.S. Wall Street industry would be much weaker. We have difficulty finding American technicians.
So wake up America before it is too late and smell the coffee. Support politicians who will open up our free markets again.
And Wall Street demonstrators: I see you every day and wish you would take initiative by learning skills the private economy demands. If so I would be more than happy to assist you in potential internships.
Question of the day - Why are we willing to trade the possibility of corporate greed for the absolute certainty of Government greed?
ReplyDeleteDoug - Your Wall Street friend is so right. It is unfortunate, but it's true that too many Americans have been oblivious to the changes that have taken place over the last decades and more people have bought into the Nanny State idea. They have become less willing to do what is necessary to empower themselves. Most college students are taking fluff courses just to get a degree but never really learn anything of value to succeed in life. The only ones who make it are those that learn a trade or profession that they can rely on even in bad times.
ReplyDeleteIn addition, they haven't bothered to keep up with what has been going on in the world at large. If they had, they would have realized that the U.S. is well on it's way to disaster ala Greece or other nations that have instituted the nanny principle.
Had these young people been talking to their grandparents or other older people, they may have learned the lessons of the grand experiments of Communist Russia or China. In taking care of everyone (take from the rich, give to the poor) they ended up with more poor plus oppression and loss of freedom. As always, the only ones who are rich are those at the top of the pyramid. It's a crying shame that the real history has been taken out of our classrooms and replaced with untruths. I hate to think what this nation will be like when the last of the Depression Generation is all gone. Who will take our place to speak the truth?
I concur. Many recent college grads, but not all of them, took easy courses that did not require much thinking. Now they learn - there aren't any jobs waiting for them. Since they have time on their hands, why not demonstrate their frustration.
ReplyDeleteWell written commentary. The author is exactly right. Most of the problems the US is facing are of our own making. We have been on auto-pilot for years, fantasizing that we are "working harder than ever". We have got to get back to free market principles, change the tax code and begin to compete. Otherwise we will fall to second nation status.
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