A Libertarian’s Perspective on the Mortgage Giant Bailout

You may have noticed on the news yesterday (9/7/2008) that the US Government just took over the two “mortgage giants,” Fannie Mae and Freddie Mac.

 

The Mortgage Bankers Association, which has been monitoring mortgage markets for 40 years, also just published that 9.2% of all U.S. one-to-four-family mortgages were delinquent or in foreclosure proceedings. This is the highest it’s ever been since they started gathering data. Look around your neighborhood. 1 in 10 of your neighbors is essentially going bankrupt – as in, the kids are eating Top Ramen and Daddy is paying all the bills a month behind just to stay afloat.

Dangerous Idealism

In general, I don’t like people who think the world is a big dark secret on the verge of going belly-up. They’re most definitely incorrect the majority of the time, and they’re terribly difficult to communicate with.

Even worse, however, are those in the opposite camp. I have no tolerance for people who allow their neighbors’ freedoms and liberties to be taken captive because they’re too busy watering their happy-happy-sunshine garden of unattainable ideals.

In the extreme political left of the United States, I am endlessly frightened and annoyed by an entire society of happy-happy-sunshine gardeners. These superliberals play too violently with the delicate fabric of our political culture in their short-sighted attempts at obtaining utopia.

Unfinished Blog Entries

Does everyone else in the world write 80% of a blog and never finish it? I have about 10 blog entries that are all about 80% of the way finished. For some yet unknowne reason, I tend to abandon my writing at the 80%  mark, which means I never end up publishing the entries.

Movies that Make Me Cry

If you meet a man and he tells you that he doesn’t (and hasn’t ever) cried at a movie, there are two distinct possibilities:

1. He’s full of lies and deceipt.
2. He has a cold black heart made of tar and death.

Winston Strikes Again

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My beloved Winston (aka “Short Bus”) has caused havoc, yet again. One of these days he might just be on the next bus to Mexico.

Your own loneliness factor.

Are we all just as lonely as the next person? Of course not. We all have our own particular level of loneliness. But, what really defines that level? How in the world can you change it?

I don’t offer any magic in this blog. I only want to provide you with the important opportunity to look in the mirror with a new perspective.

Breakfast at Tiffany’s, Women

What a fantastic film. This work of art is by no means the shallow, fun-loving movie that many people take it to be. Sure it has its points of light-hearted humor, but there are some very important social commentaries to be found in this 1961 classic.

The Mighty Pen

It is an unusual thought to associate any evil with the inventions of the printing press and the typewriter. These two instruments, and their offspring, have transported humanity into an entirely new era of intellectual freedom. Unfortunately, as is the case of most new developments, people inevitably lost their respect and for the intellectual freedom they now take for granted.

In my humble opinion, all sense of honor has gone out of mankind.

This blog is not an attack on the news media, nor is it a commentary on the wayward nature of so much of the literature we find in our modern culture. Rather, this is a slap on the wrist to our whole society for the fact that we no longer lend the appropriate weight to the choosing of our words - both in writing and speech.

Convinced of My Deception

I’m really not sure that I like this process of getting to know myself. It always seemed like such a noble task when I was younger.

I’m sure that this, and near-future blog entries will be a bit on the melancholy side. However, I’m also convinced that the honesty will be valuable and nothing short of an oasis for anyone of like-mind.

Music Recommendations

My soul is soothed by music.

“Well, of course.”