Thursday, February 26, 2009

If you take government money, then expect the government to tell you how to live

Everyone and I mean everyone is “outraged” over Northern Trust’s big LA party last week. Seems Northern Trust took $1.6 BILLION in bailout money before spending millions on a party for itself. The company flew hundreds of clients and employees to LA for the party that was complete with headliner bands like Chicago, Sheryl Crow and Earth Wind and Fire. It also included Tiffany goody bag for the guests.

I know these guys hire PR firms to make themselves look good. Northern Trust ought to fire its PR firm and hire a new one. It just looks bad, even if they recovered the cost of the party plus 15% in new business conducted at the party.

But lemme ax you this Mr. & Mrs America, when was the last time the bank told you couldn’t throw a Christmas party for neighbors if you barrowed money from them for a new car? Are banks now writing a “no vacation until the loan is paid off” clause into student loans? Do lists of approved restaurants accompany loan papers for a new house?

I’m pretty sure the last time I got a loan, the bank's main concern was my paying them back not where I went for vacation or where I had dinner. Sadly, the most important consideration for banks loaning money was swept away by a government that demanded loans be made to people who had no hope of paying the money back.

Now we’re going to bailout the very dopes who took money they knew they never could pay back. So, is the government going to be telling the people who take bailout money for their homes how they should be living and what they should be buying?

And when the Dear Leader gets his “universal” bad healthcare system, is the government then going to be telling us what to eat? How many miles we have to walk each week and taxing every pleasure – like beer, soda, chips, candy etc – out of business?

The answer is yes. There’s an old saying applied usually to military men, “When you take the King’s shilling, you do the King’s bidding.” Well the Demo-Dopes and the Dear Leader are trapping as many of us as possible into taking the “King’s shilling.” It only follows that they will then expect us to do their bidding.

No comments: