Skip to Content.
Sympa Menu

homestead - Re: [Homestead] Wrong admission

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Wrong admission
  • Date: Wed, 24 Sep 2008 13:12:11 EDT


> >Do you really think it will change anything fundamental?

I'm afraid it might. If this heinous bailout goes through, banking in the US
essentially becomes a government function, socialist financing. The road
back is unlikely to impossible.

Now, your premise is right. The people are not going to change.

In the large company with whom I had a contract for many years
(GlaxoSmithKline), my immediate supervisor was a fine Scottish fellow. Here
in the states
he could own a modest house with a tiny pool out back, a "full sized" car,
etc.
Back in the UK he could have afforded none of that. The company was cutting
back drastically (the facilty eventually closed altogether) and his job was
in jeopardy. He and his wife attended one of our 'Hoot in the Holler'
parties
about then and when a few good ol' boys had drifted through passing around
the
mason jars, his wife loosened up and confessed how worried she was. If the
he lost his position abrupty, it was two weeks to abject poverty. We saw her
in the mart not long after, sober as a judge (both of us) and she was ashen
faced and trembling because of the worry. "If ever we get out from beneath
this,
we will pay off our mortgage and ever borrow money again as long as we live!"

At the last minute, he was transfered to a new position in the RTP area of
NC. They moved there and immediately went into three times the debt they had
before. Or as Kayyam's Rubaiyyat says:

Indeed, indeed, Repentance oft before I swore---
but was I sober when I swore?
And then and then came Spring, and Rose-in-hand
My thread-bare Penitence apieces tore.

All that angst forgotten. Like that I well remember the rush in the 70's for
smaller cars, less driving, never again will we face the specter of an energy
shortage. Not ten years later we were cranking out the SUV's and far flung
exburbs.

We (collectively) don't learn until we have fouled our own nest beyond repair.

We're doing that with the very nature of the financial makeup of our economy.
It is likely to be a one way ticket. </HTML>




Archive powered by MHonArc 2.6.24.

Top of Page