Monday, September 29, 2008

The bucket is full again, but what about the leak?

I see our current economic situation as a filled ten gallon bucket. For the past couple of years we have watched as local economies gradually leaked jobs, businesses and homes due to a hole in the bottom of that bucket.

Recently, someone in DC happened to look into the bucket and noticed that the level in the bucket was down from about ten gallons, to about two gallons. In a panic to bring the bucket’s level back to ten gallons, they quickly tried to financially replenish the eight gallons without bothering to locate or fix the hole in the bottom of the bucket.

So now the bucket is full again, but what we have already lost is still gone. Unless they mend the hole, the losses will continue. What will adding seven hundred billion dollars into the economy do for people who have already lost their homes and businesses? Their credit is already ruined, so what are they to do?

You have to stop the leaking from the bottom is you want to keep a steady level at the top.


Blogger FranIAm said...

PoP for President.

I am hearing Nancy Pelosi speak of recklessness... Um, she should know.

September 29, 2008 2:31 AM  
Blogger Matty Boy said...

If we don't give the gummint $700 billion, there will be a recession.

If you don't send me $5, the sun will rise in California about two hours from now.

September 29, 2008 5:07 AM  
Anonymous Anonymous said...

It just feels like we're getting taken, doesn't it? I mean, really? How can we be expected to trust these guys?

September 29, 2008 7:05 AM  
Blogger robin andrea said...

They put the hole in the bucket and let the water pour through into their private coffers. They don't want to fix that hole, they just want there to be more water. BTW, they don't put their own water into the bucket, that's what wage-earners do.

September 29, 2008 7:55 AM  
Blogger Targa said...

The fix was in all along. When the question of how two wars will be paid for, and the fact that the Treasury has been looted... well, it's plain to me that this was going to happen all along.
1) Clean out the Treasury;
2) Clean out the Taxpayers

I'm buying stock in Reynolds Aluminum.

September 29, 2008 8:51 AM  
Blogger Dean Wormer said...

That's a great analogy. It also explains the rush to privative social security. The bucket would be full for a while but it would still be leaking as you say.

September 29, 2008 9:15 AM  
Blogger Zen said...

the bailout is utter bullshit and every incumbent that votes for it needs to be out ontheir ass come november

September 29, 2008 10:19 AM  
Blogger mommanator said...

great analogy! WHAT ARE WE DOIN!

September 29, 2008 10:36 AM  
Blogger LET'S TALK said...

That hole is to big for anyone not to have ever notice it until now.

What they did with Freddy and Fannie should have been done to all Financial Institutions.

I just do not see given $700 billion dollars to pour more water into a bucket with a hole that is being over looked.

Pour some in the bucket of Main Street and let them get from under what the government has caused.

September 29, 2008 11:27 AM  
Blogger two crows said...

great analogy, PoP--

even assuming we plugged the hole at the bottom of the bucket -- what we should do next is beyond me.
all I _do_ know is that I'm pissed as hell and I'd love to jail everyone who participated in inflating all the different bubbles. if we only knew who they all were.

September 29, 2008 11:39 AM  
Blogger dguzman said...

And on the one hand, idiots like McFossil talk about cutting all government spending, yet in the same breath they say they want the bailout to pass. It's lunacy.

September 29, 2008 12:57 PM  
Blogger Snave said...

"You have to stop the leaking from the bottom is you want to keep a steady level at the top."

Good point.

And it seems like some people at the top of the economic ladder have been taking a leak on America for the last thirty years or so, doesn't it. Scheise...

September 29, 2008 2:53 PM  
Blogger Jaliya said...

A huge thank you from someone who was behind the barn door when the good Lord passed out mathematical intelligence!

(Really: anything past 2 + 2 is a stretch for me.)

Thanks to your post, I finally understand what's going down on Wall Street!

September 30, 2008 12:41 AM  

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